Cpi Foundation INC EIN 45-4023363 Form 990 (PDF) Claim this org

Cpi Foundation INC

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Supports the educational mission of a Central Pennsylvania science and technology institute. For fiscal year 2024 it reported $-481K in revenue, $80K in expenses, and $550K in net assets.Pt I

Founded
2011
Type
Public charity (501(c)(3)) · Science & Technology
Location
Pleasant Gap, PA
Filings
4 on file (2021–2024)
Revenue
$-481KFY2024
Expenses
$80K
Net assets
$550K
People
6
Filings
4
Updates
0
More identity details & actions ⌄
EIN  45-4023363 Public charity (501(c)(3)) Pleasant Gap, PA Founded 2011
Form 990 (PDF)
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Size
<$100K
What they do
Supports the educational mission of a Central Pennsylvania science and technology institute.
Leadership
Thomas F Songer II · Board Chairman
Money in and out
$-481K revenue, $80K expenses
Bottom line
11% program efficiency
Where the money goes · FY2024
Total revenue
$-481K
Pt VIII · Ln 12
Total expenses
$80K
Pt IX · Ln 25
Net assets
$550K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$561K
Where spending went · Part IX cols B–D
Program services $0.11 Management & general $0.89
Program efficiency
11%
of spending reaches programs▼ -79% vs prior filing year
Operating runway
83.9mo
months of highly liquid reserves at operating expense rate▼ -83% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$-481K
FY2024▼ -2983%
Expenses
$80K
FY2024▲ +464%
Total assets
$587K
FY2024▼ -49%
Total liabilities
$36K
FY2024▼ -22%
Total revenue
$-481K
Pt VIII · Ln 12
Total expenses
$80K
Pt IX · Ln 25
Net assets
$550K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$561K
Total assetsPt X · Ln 16$587K
Program-expense ratioPt IX · col B11%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCpi Foundation INC
EINHdr · item D45-4023363
Principal addressHdr · item CPleasant Gap, PA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2011
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFScience & Technology (U119)
Ruling yearIRS BMFJul 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Chairman
$0Pt VII · Sec A
Board Vice Chairman
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member (until Sept 2024)
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $9K of program spending, described in the organization's own filed words · FY2024.
01

Cpi foundation, INC.'S primary purpose is to support the educational mission of the central pennsylvania institute of science and technology ("cpi"), serving as its non-profit partner for fundraising from public and private sources to help provide increased scholarship opportunities as well as providing funding opportunities for…

$9Kprogram expense

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Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.11 Management & general $0.89
Program services11%$9K
Management & general89%$71K
Total functional expensesLn 25$80K

Balance Sheet

Part X · end of year
CashLn 1$558K
Total assetsLn 16$587K
Total liabilitiesLn 26$36K
Total net assetsLn 32$550K
Months of cash on handcomputed83.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $558K · Operating expenses/yr $80K
83.9 months
Where the money goes
Program services
Program services $9K · Total expenses $80K
11%
Management & General
Management & general $71K · Total expenses $80K
89%
Fundraising
Fundraising $0 · Total expenses $80K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $3K · Solicited contributions (3-yr avg) $18K
$0.19 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $15K · Total revenue $-481K
Government reliance
Government grants — · Total revenue $-481K
Earned-income share
Program service revenue $0 · Total revenue $-481K
Investment reliance
Investment income $-496K · Total revenue $-481K
Program self-sufficiency
Program service revenue $0 · Total expenses $80K
0%
Growth & trend
Revenue growth (YoY)
This year $-481K · Prior year $17K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $550K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $-481K · Expenses $80K
Liabilities-to-Assets
Total liabilities — · Total assets $587K
Net-asset ratio
Net assets $550K · Total assets $587K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $587K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Thomas F Songer II · Reported title BOARD CHAIRMAN · Highest reported compensation $0 · Total expenses $80K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $80K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 11%
Overhead ratio 89%
Revenue growth -2983%

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 · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$14K
Grants paid · 5 grants · $85K · 2020–2024
Central PA Institute of Science and TechnologyFY2024$8,537
Central PA Institute of Science and TechnologyFY2023$7,354
Central PA Institute of Science and TechnologyFY2022$11,254
Central PA Institute of Science and TechnologyFY2021$34,842
Central PA Institute of Science and TechnologyFY2020$22,856

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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
FY2024$17K revenue · ⤓ 990 PDF
FY2023$24K revenue · ⤓ 990 PDF
FY2022$45K revenue · ⤓ 990 PDF
FY2021$83K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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