Emerald Foundation EIN 36-4660784

Emerald Foundation

EIN  36-4660784 Public foundation / grantmaker Leola, PA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Funds and supports nonprofits in education, youth, and health, creating a community hub for learning and connection.
Leadership
Martha Besecker · Interim Director
Money in and out
$687K revenue, $977K expenses
Bottom line
76% program efficiency

Funds and supports nonprofits in education, youth, and health, creating a community hub for learning and connection. For fiscal year 2023 it reported $687K in revenue, $977K in expenses, and $-722K in net assets.Pt I

Grants paid & assets · FY2023
Total revenue
$687K
Pt VIII · Ln 12
Total expenses
$977K
Pt IX · Ln 25
Net assets
$-722K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$290K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.24
Program efficiency
76%
of spending reaches programs▲ +17% vs prior filing year
Operating runway
0.3mo
months of highly liquid reserves at operating expense rate▲ +50% vs prior filing year
Surplus margin
-42%
revenue over expenses, this year▲ +27% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$687K
FY2023▲ +66%
Expenses
$977K
FY2023▲ +50%
Total assets
$1.5M
FY2023▼ -4%
Total liabilities
$2.3M
FY2023▲ +11%
Total revenue
$687K
Pt VIII · Ln 12
Total expenses
$977K
Pt IX · Ln 25
Net assets
$-722K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$290K
Total assetsPt X · Ln 16$1.5M
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $738K of program spending, described in the organization's own filed words · FY2022.
01

Create a thriving community by providing services and support to non-profit organizations that focus on education, youth, and healthcare research, and offer opportunities for diverse communities to meet and learn from one another.

$738Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEmerald Foundation
EINHdr · item D36-4660784
Principal addressHdr · item CLeola, PA
WebsiteHdr · item Jwww.emeralde.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T21)
Ruling yearIRS BMFFeb 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Interim Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$577K · 84%
Other revenue$110K · 16%
Contributions & grants84%$577K
Other revenue16%$110K
Investment income$8
— government grantsLn 1e$362K
Total revenueLn 12$687K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.24
Program services76%$738K
Management & general24%$239K
Total functional expensesLn 25$977K

Balance Sheet

Part X · end of year
CashLn 1$21K
Total assetsLn 16$1.5M
Total liabilitiesLn 26$2.3M
Total net assetsLn 32$-722K
Months of cash on handcomputed0.3

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $26K · Operating expenses/yr $977K
0.3 months
Where the money goes
Program services
Program services $738K · Total expenses $977K
76%
Management & General
Management & general $239K · Total expenses $977K
24%
Fundraising
Fundraising $0 · Total expenses $977K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $210K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $577K · Total revenue $687K
84%
Government reliance
Government grants $362K · Total revenue $687K
53%
Earned-income share
Program service revenue $0 · Total revenue $687K
0%
Investment reliance
Investment income $8 · Total revenue $687K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $977K
0%
Growth & trend
Revenue growth (YoY)
This year $687K · Prior year $413K
+66%
Net-asset trend (YoY)
End of year $-722K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $687K · Expenses $977K
-42%
Liabilities-to-Assets
Total liabilities — · Total assets $1.5M
Net-asset ratio
Net assets $-722K · Total assets $1.5M
-47%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $5K · Total assets (Pt X, ln 16) $1.5M
0%
People & payroll
Highest Reported Total Compensation
Individual Martha Besecker · Reported title INTERIM DIRECTOR · Highest reported compensation $0 · Total expenses $977K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $137K · Total expenses $977K
14%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 24%
Fundraising cost ratio 0%
Revenue growth 66%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$10K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$687K revenue · viewing · ⤓ 990 PDF
FY2022$413K revenue · ⤓ 990 PDF
FY2021$212K revenue · ⤓ 990 PDF
FY2020$1.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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