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Lock Haven Regatta Foundation

Tax-deductible

Lock Haven, PA501(c)(3)Community Development EIN 88-2402334Revenue $20K in FY2024

On file with the IRSlockhavenregattafoundation.org352 E Water St, 17745-1410 · Lock Haven, PATax-exempt since Jul 2022Publicly supported charity — 170(b)(1)(A)(vi)

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To provide members a means to reach their full potential through networking and personal growth opportunities. Leadership development through community involvement.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Run by 20 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $9K a year · 39% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 15.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$20K
-21% vs prior year
Spent
$14K
To programs
88%
Net assets
$40K
By yearFY2023–FY2024
Revenue
$20K
FY2024▼ -21%
Tap a bar for its year
Revenue by fiscal year
FY2023$25K
FY2024$20K
Expenses
$14K
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2023$13K
FY2024$14K
Net assets
$40K
FY2024▲ +70%
Tap a bar for its year
Net assets by fiscal year
FY2023$24K
FY2024$40K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2022.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $12K Management & general 12% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Duwayne Kunes
Assist Treas
$0Pt VII · Sec A
Amber Lusk
Secretary
$0Pt VII · Sec A
Keith Mincer
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Doug Wenker
Vice Preside
$0Pt VII · Sec A
See Lock Haven Regatta Foundation 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

Empowers members to reach full potential through networking, personal growth, and community leadership.

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Provided by the organization

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1 program · $12K · in their own filed words · FY2024
01

Hold events to raise money to provide development opportunities that empower young people to create positive change.

$12Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$20K
Ln 12
Other incomeLn 4–11$20K
Investment incomeLn 3$11
Money outPt IX
$14K
Ln 25
Programscol B$12K
Managementcol C$2K
Owns and owesPt X
$40K
net assets · Ln 32
Cash and savingsLn 1–2$17K
Total assetsLn 16$40K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$11
Other incomeLn 4–11$20K
Total revenueLn 12$20K
Assets in detailPt X, end of year
CashLn 1$7K
SavingsLn 2$10K
Cash and savings togetherLn 1–2$17K
Land, buildings, equipmentLn 10c$22K
Total assetsLn 16$40K
LiabilitiesLn 26$0
Net assetsLn 32$40K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
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 FY24End FY24
Cash and savingsLn 1–2$12K$17K
Land, buildings, equipmentLn 10c$11K$22K
Total assetsLn 16$24K$40K
LiabilitiesLn 26$0$0
Net assetsLn 32$24K$40K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$238$178$60
Accounting feesLn 11c$310$232$78
Office expensesLn 13$220$132$88
Information technologyLn 14$707$460$247
OccupancyLn 16$4K$3K$959
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$757$568$189
Other expenses (24a–d)Ln 24$6K$6K$60
Total functional expensesLn 25$14K$12K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $20K$14K$6K$40K 990 PDF
FY2023 $25K$13K$12K$24K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $19,829 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $2$11
I-11 Other revenuePrior year $24,992$19,818
I-12 Total revenuePrior year $24,994$19,829
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $13,411$13,935
I-18 Total expensesPrior year $13,411$13,935
I-19 Revenue less expensesPrior year $11,583$5,894
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $19,829 across 3 lines filed
VIII-3 Investment incomeRelated to mission $11$11
VIII-8 Net income from fundraising eventsExcluded from tax $19,818$19,818
VIII-12 Total revenueRelated to mission $11 · Excluded from tax $19,818$19,829
Part IX · Statement of functional expenses $13,935 across 8 lines filed
IX-11b Legal feesPrograms $178 · Management $60$238
IX-11c Accounting feesPrograms $232 · Management $78$310
IX-13 Office expensesPrograms $132 · Management $88$220
IX-14 Information technologyPrograms $460 · Management $247$707
IX-16 OccupancyPrograms $2,876 · Management $959$3,835
IX-22 Depreciation, depletion and amortizationPrograms $2,107$2,107
IX-23 InsurancePrograms $568 · Management $189$757
IX-24 Other expenses (24a–d)Programs $5,701 · Management $60$5,761
IX-25 Total functional expensesPrograms $12,254 · Management $1,681 · Fundraising $0$13,935
Part X · Balance sheet $39,842 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $12,112$7,037
X-2 Savings and temporary cash investments$10,458
X-10c Land, buildings and equipment, netStart of year $11,389$22,347
X-16 Total assetsStart of year $23,501$39,842
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $23,501$39,842
X-32 Total net assets or fund balancesStart of year $23,501$39,842
X-33 Total liabilities and net assetsStart of year $23,501$39,842
Part XI · Reconciliation of net assets $39,842 net assets at year end
XI-1 Total revenue$19,829
XI-2 Total expenses$13,935
XI-3 Revenue less expenses$5,894
XI-4 Net assets at start of year$23,501
XI-9 Other changes in net assets$10,447
XI-10 Net assets at end of year$39,842

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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