Pine Forge Academy Foundation INC FY2022 filing

Tax-deductible

Boyertown, PA501(c)(3)Youth DevelopmentEIN 38-3689114Revenue $73K in FY2022

On file with the IRSpfafoundation.org767 Douglass Dr, 19512-7775 · Boyertown, PATax-exempt since Mar 2022Publicly supported — 509(a)(2)

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To assist in the advancement of education for Pine Forge Academy a Seventh-day Adventist boarding Academy in Pine Forge PA

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $42K a year · 62% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
27 mo
of spending, in cash
Looks good: 26.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $36
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$133K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$73K
+39% vs prior year
Spent
$34K
To programs
100%
Net assets
$1.5M
By yearFY2021–FY2023
Revenue
$73K
FY2022▲ +39%
Tap a bar for its year
Revenue by fiscal year
FY2021$53K
FY2022$73K
FY2023$78K
Expenses
$34K
FY2022▲ +94%
Tap a bar for its year
Expenses by fiscal year
FY2021$18K
FY2022$34K
FY2023$26K
Net assets
$1.5M
FY2022▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.8M
FY2022$1.5M
FY2023$1.7M

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Revoked May 2020, reinstated. IRS ruling Mar 2022, per the IRS master file. Latest filing on record: FY2023. IRS ruling in Mar 2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $34K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
See Pine Forge Academy Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports educational advancement for a Seventh-day Adventist boarding academy.

Provided by the organization

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1 program · $34K · in their own filed words · FY2022
01

Provided scholarships to students

$34Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$36

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$73K
Ln 12
Investment incomeLn 3$58K
Gifts and grantsLn 1h$15K
Money outPt IX
$34K
Ln 25
Programscol B$34K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$76K
Total assetsLn 16$1.6M
LiabilitiesLn 26$133K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$58K
Total revenueLn 12$73K
Assets in detailPt X, end of year
CashLn 1$65K
SavingsLn 2$11K
Cash and savings togetherLn 1–2$76K
InvestmentsLn 11–13$1.5M
Total assetsLn 16$1.6M
LiabilitiesLn 26$133K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$78K$76K
InvestmentsLn 11–13$1.8M$1.5M
Total assetsLn 16$1.9M$1.6M
LiabilitiesLn 26$115K$133K
Net assetsLn 32$1.8M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0
Pay of disqualified personsLn 6$0$0
Other salaries and wagesLn 7$0$0
Pension plan contributionsLn 8$0$0
Other employee benefitsLn 9$0$0
Payroll taxesLn 10$0$0
Management feesLn 11a$0$0
Legal feesLn 11b$0$0
Accounting feesLn 11c$11K$11K
Lobbying feesLn 11d$0$0
Investment management feesLn 11f$6K$6K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0$0
Office expensesLn 13$16K$16K
Information technologyLn 14$0$0
RoyaltiesLn 15$0$0
OccupancyLn 16$0$0
TravelLn 17$0$0
Travel and entertainment for public officialsLn 18$0$0
Conferences, conventions and meetingsLn 19$0$0
InterestLn 20$0$0
Payments to affiliatesLn 21$0$0
Depreciation, depletion and amortizationLn 22$0$0
InsuranceLn 23$0$0
Total functional expensesLn 25$34K$34K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $78K$26K$53K$1.7M 990 PDF
FY2022 Viewing $73K$34K$39K$1.5M 990 PDF
FY2021 $53K$18K$35K$1.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $73,394 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $52,765$15,060
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$58,334
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $52,765$73,394
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $17,563$34,026
I-18 Total expensesPrior year $17,563$34,026
I-19 Revenue less expensesPrior year $35,202$39,368
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $73,394 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$15,060
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$15,060
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $58,334$58,334
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $58,334$73,394
Part IX · Statement of functional expenses $34,026 across 28 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0$0
IX-6 Pay of disqualified personsPrograms $0$0
IX-7 Other salaries and wagesPrograms $0$0
IX-8 Pension plan contributionsPrograms $0$0
IX-9 Other employee benefitsPrograms $0$0
IX-10 Payroll taxesPrograms $0$0
IX-11a Management feesPrograms $0$0
IX-11b Legal feesPrograms $0$0
IX-11c Accounting feesPrograms $11,078$11,078
IX-11d Lobbying feesPrograms $0$0
IX-11f Investment management feesPrograms $6,471$6,471
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $0$0
IX-13 Office expensesPrograms $16,477$16,477
IX-14 Information technologyPrograms $0$0
IX-15 RoyaltiesPrograms $0$0
IX-16 OccupancyPrograms $0$0
IX-17 TravelPrograms $0$0
IX-18 Travel and entertainment for public officialsPrograms $0$0
IX-19 Conferences, conventions and meetingsPrograms $0$0
IX-20 InterestPrograms $0$0
IX-21 Payments to affiliatesPrograms $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0$0
IX-23 InsurancePrograms $0$0
IX-25 Total functional expensesPrograms $34,026 · Management $0 · Fundraising $0$34,026
Part X · Balance sheet $1,621,110 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $66,988$65,226
X-2 Savings and temporary cash investmentsStart of year $10,525$10,525
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-11 Publicly traded securitiesStart of year $1,816,664$1,545,359
X-16 Total assetsStart of year $1,894,177$1,621,110
X-17 Accounts payable and accrued expensesStart of year $115,247$133,210
X-25 Other liabilities$0
X-26 Total liabilitiesStart of year $115,247$133,210
X-27 Net assets without donor restrictionsStart of year $1,778,930$1,487,900
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,778,930$1,487,900
X-33 Total liabilities and net assetsStart of year $1,894,177$1,621,110
Part XI · Reconciliation of net assets $1,487,900 net assets at year end
XI-1 Total revenue$73,394
XI-2 Total expenses$34,026
XI-3 Revenue less expenses$39,368
XI-4 Net assets at start of year$1,778,930
XI-5 Net unrealized gains (losses) on investments−$180,477
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments−$149,921
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,487,900

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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