Thaddeus Stevens Foundation
- Assets
- $7.3m
- Revenue
- $3.7m
- Investments
- $4.0m
- Employees
- 2
- Location
- Lancaster, PA
- Founding
- 08/1990
- Data as of
- 06/2022
- EIN
- 23-6406980
Organization Overview
Thaddeus Stevens Foundation is located in Lancaster, PA. The organization was established in 1990. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 06/2022, Thaddeus Stevens Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thaddeus Stevens Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Thaddeus Stevens Foundation generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 0.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT THADDEUS STEVENS COLLEGE OF TECHNOLOGY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED THADDEUS STEVENS COLLEGE OF TECHNOLOGY IN VARIOUS WAYS THROUGH DONATIONS, FUNDING AND AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sophia Hower Executive Director | Officer | 40 | $80,905 |
Megan Caldwell Secretary | OfficerTrustee | 1 | $0 |
D Scott Trower President | OfficerTrustee | 1 | $0 |
John Yurchak Treasurer | OfficerTrustee | 1 | $0 |
Gordon R Mitchem Director | Trustee | 1 | $0 |
Philip A Tuohey Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $227,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,313,176 |
| Noncash contributions included in lines 1a–1f | $1,499,984 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,540,676 |
| Total Program Service Revenue | $0 |
| Investment income | $114,838 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,316 |
| Net Gain/Loss on Asset Sales | -$23,639 |
| Net Income from Fundraising Events | $12,629 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $41,557 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,742,597 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,345,303 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,527 |
| Compensation of current officers, directors, key employees. | $20,882 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,328 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,160 |
| Payroll taxes | $9,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,873 |
| Fees for services: Accounting | $73,839 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $57,822 |
| Fees for services: Other | $58,794 |
| Advertising and promotion | $14,148 |
| Office expenses | $1,262 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,666 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,645 |
| Insurance | $10,361 |
| All other expenses | $0 |
| Total functional expenses | $1,917,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,021,268 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $560,501 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,424,795 |
| Prepaid expenses and deferred charges | $17,374 |
| Net Land, buildings, and equipment | $250,576 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,044,057 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,318,571 |
| Accounts payable and accrued expenses | $109,077 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $77,857 |
| Total liabilities | $186,934 |
| Net assets without donor restrictions | $2,894,744 |
| Net assets with donor restrictions | $4,236,893 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,318,571 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Thaddeus Stevens Foundation has recieved totaling $124,780.
| Awarding Organization | Amount |
|---|---|
Lancaster County Community Foundation Lancaster, PA PURPOSE: DESIGNATED FOR GENERAL OPERATING SUPPORT, COMPUTER SOFTWARE ENGINEERING TECHNOLOGY PROGRAM, PATHWAY TO SUCCESS PROGRAM, COMPUTERS AND FURNISHINGS FOR THE COMPUTER SOFTWARE ENGINEERING TECHNOLOGY (CSET) PROGRAM | $103,882 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,750 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,148 |
Endowment Analysis
| Beg. Balance | $481,894 |
| Earnings | -$1,882 |
| Admin Expense | $1,948 |
| Net Contributions | $410,556 |
| Ending Balance | $888,620 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohio State University Alumni Association Inc Columbus, OH | $38,232,745 | $14,093,968 |
United States Naval Academy Alumni Assoc Annapolis, MD | $136,310,345 | $26,897,412 |
Penn State Alumni Association University Park, PA | $100,014,631 | $13,658,978 |
Baseball Assistance Team Inc New York, NY | $16,328,027 | $4,707,517 |
Case Alumni Associationincorporated Cleveland, OH | $4,548,848 | $4,106,693 |
United States Merchant Marine Academy Alumni Association And Fou Kings Point, NY | $55,826,934 | $8,053,233 |
Alumni Association Of New Jersey Institute Of Technology Paramus, NJ | $0 | $306,119 |
Alumni Of The Rabbinical College Knesseth Israel Of Slabodka Kowno Brooklyn, NY | $341,064 | $3,063,744 |
University School Alumni Assoc Shaker Heights, OH | $141,981 | $3,476,186 |
The Bronx High School Of Science Alumni Foundation Inc Bronx, NY | $31,172,697 | $12,367,161 |
University Of Maryland Alumni Association Inc College Park, MD | $12,691,064 | $3,266,987 |
Bernard M Baruch College Association Inc New York, NY | $9,740,278 | $4,039,630 |