LENFEST SCHOLARS FOUNDATION INC: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- LENFEST SCHOLARS FOUNDATION INC (EIN 47-1810540)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-05-02
- IRS object ID
- 202431239349100713
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-02T07:15:18-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1570 FRUITVILLE PIKE SUITE 400 | AddressLine1Txt |
| City | LANCASTER | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 17601 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 471810540 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE LENFEST SCHOLARS FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LENF | BusinessNameControlTxt |
| Phone | 2152399003 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 85 OLD EAGLE SCHOOL ROAD STE 103 | AddressLine1Txt |
| City | WAYNE | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19087 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARTHA DENNEY | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 2152399003 | PhoneNum |
| Signature | 2024-04-22 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MARTHA | PersonFirstNm |
| Person Last | DENNEY | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KERRI N BOGDA CPA | PreparerPersonNm |
| PTIN | P00760402 | PTIN |
| Phone | 7177404863 | PhoneNum |
| Preparation | 2024-04-22 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $53,246,413 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $798,555 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $798,555 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $445,183 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $4,291,131 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $434,133 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $87,466 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $200,447 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $1,331,204 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,433,135 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $248,154 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $12,804 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $243,212 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $442,813 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $21,748 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $413,206 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $60,308 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $3,015 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $58,324 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $10,550 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $7,510 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $44,405 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $43,180 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $261,120 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $126,180 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $196,037 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $130,339 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $2,707 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $51,432 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $12,229 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $97,223 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $117,924 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $51,202 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $51,202 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $446,135 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $50,941 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $392,816 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,804,478 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $217,395 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,574,843 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,337,997 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,337,997 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $4,142,475 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $217,395 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,912,840 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$2,811,271 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,215,740 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $656,194 | CashBOYAmt |
| Cash EOY | $33,940 | CashEOYAmt |
| Cash EOYFMV | $33,940 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $869,391 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,781,448 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,781,447 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $12,254 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $33,273 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $33,273 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $5,702,192 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $5,709,362 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $5,709,362 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $10,102,863 | CorporateStockBOYAmt |
| Corporate Stock EOY | $10,855,595 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $10,855,595 | CorporateStockEOYFMVAmt |
| Invst Land Cost Or Other Basis | $140,648 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $51,659 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $53,143 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $88,989 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $88,989 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $33,579,645 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $34,272,960 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $34,272,960 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $470,847 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $470,847 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $50,975,682 | TotalAssetsBOYAmt |
| Total Assets EOY | $53,246,414 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $53,246,413 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $217,046 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $218,235 | AccountsPayableEOYAmt |
| Grants Payable BOY | $3,139,179 | GrantsPayableBOYAmt |
| Grants Payable EOY | $4,082,175 | GrantsPayableEOYAmt |
| Other Liabilities BOY | $147,300 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $658,576 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $3,503,525 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,958,986 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $47,472,157 | RetainedEarningBOYAmt |
| Retained Earning EOY | $48,287,428 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $47,472,157 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $48,287,428 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $50,975,682 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $53,246,414 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $47,472,157 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$2,811,271 | ExcessRevenueOverExpensesAmt |
| Other Increases | $3,635,150 | OtherIncreasesAmt |
| Subtotal | $48,296,036 | SubtotalAmt |
| Other Decreases | $8,608 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $48,287,428 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|
| PURCHASED SECURITIES | $4,248,054 | $3,845,418 | $402,636 | $402,636 |
| PARTNERSHIP INVESTMENT S/T GAINS | $3,933 | $3,933 | $3,933 | |
| PARTNERSHIP INVESTMENT L/T GAINS | $39,134 | $11,580 | $27,554 | $27,554 |
| PARTNERSHIP INVESTMENT 1231 LOSS | $10 | $10 | $10 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $434,133 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $16,899 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $16,899 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $16,899 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $0 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $47,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $47,000 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $904 | EsPenaltyAmt |
| Overpayment | $29,197 | OverpaymentAmt |
| Applied To ES Tax | $29,197 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | PA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | LENFESTFOUNDATION.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2152399003 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 85 OLD EAGLE SCHOOL ROAD STE 103 | AddressLine1Txt |
| City | WAYNE | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19087 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (15 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| JOSEPH F HUBER | ||||||||
| 85 OLD EAGLE SCHOOL RD STE 103 | WAYNE | PA | 19087 | BOARD VICE-CHAIR | 2.00 | $0 | $0 | $0 |
| ROGER LEHECKA | ||||||||
| 85 OLD EAGLE SCHOOL RD STE 103 | WAYNE | PA | 19087 | BOARD CHAIR AND DIRECTOR | 2.00 | $0 | $0 | $0 |
| DIANE L MYER | ||||||||
| 85 OLD EAGLE SCHOOL RD STE 103 | WAYNE | PA | 19087 | TREASURER | 2.00 | $0 | $0 | $0 |
| JESSICA MACLEOD | ||||||||
| 85 OLD EAGLE SCHOOL RD STE 103 | WAYNE | PA | 19087 | SECRETARY (UNTIL 06/23) | 40.00 | $0 | $0 | $0 |
| MARTHA DENNEY | ||||||||
| 85 OLD EAGLE SCHOOL RD STE 103 | WAYNE | PA | 19087 | EXECUTIVE DIRECTOR | 40.00 | $248,154 | $7,859 | $0 |
| ERIN E CRUM | ||||||||
| 85 OLD EAGLE SCHOOL RD STE 103 | WAYNE | PA | 19087 | DIRECTOR (UNTIL 06/22) | 1.00 | $0 | $0 | $0 |
| JOSEPH W GORDON | ||||||||
| 85 OLD EAGLE SCHOOL RD STE 103 | WAYNE | PA | 19087 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| DR KEITH L LEAPHART | ||||||||
| 85 OLD EAGLE SCHOOL RD STE 103 | WAYNE | PA | 19087 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| MARGUERITE LENFEST | ||||||||
| 85 OLD EAGLE SCHOOL RD STE 103 | WAYNE | PA | 19087 | PRESIDENT AND DIRECTOR | 1.00 | $0 | $0 | $0 |
| JOHN PAYNE | ||||||||
| 85 OLD EAGLE SCHOOL RD STE 103 | WAYNE | PA | 19087 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| MOZELLE W THOMPSON | ||||||||
| 85 OLD EAGLE SCHOOL RD STE 103 | WAYNE | PA | 19087 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| JACQUES STEINBERG | ||||||||
| 85 OLD EAGLE SCHOOL RD STE 103 | WAYNE | PA | 19087 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| ANDY DESSEL | ||||||||
| 85 OLD EAGLE SCHOOL RD STE 103 | WAYNE | PA | 19087 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| BOB FREUND | ||||||||
| 85 OLD EAGLE SCHOOL RD STE 103 | WAYNE | PA | 19087 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| ASHLEY GREEN GAUTAM | ||||||||
| 85 OLD EAGLE SCHOOL RD STE 103 | WAYNE | PA | 19087 | DIRECTOR | 1.00 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| KIM JACKSON | ||||||||
| 85 OLD EAGLE SCHOOL RD STE 103 | WAYNE | PA | 19087 | ASSOCIATE DIRECTOR | 40.00 | $99,615 | $6,893 | $0 |
| TASHA FLOWERS | ||||||||
| 85 OLD EAGLE SCHOOL RD STE 103 | WAYNE | PA | 19087 | OPERATIONS COORDINAT | 40.00 | $59,846 | $8,035 | $0 |
| STEVEN WATTER | ||||||||
| 85 OLD EAGLE SCHOOL RD STE 103 | WAYNE | PA | 19087 | ASSOCIATE DIRECTOR | 40.00 | $66,000 | $0 | $0 |
| LAYSHAN GILLIARD | ||||||||
| 85 OLD EAGLE SCHOOL RD STE 103 | WAYNE | PA | 19087 | EVENTS AND COMMUNICA | 40.00 | $58,538 | $7,166 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| BAKER TILLY US LLP | |||||
| 1650 MARKET ST SUITE 4500 | PHILADELPHIA | PA | 19103 | AUDITING SERVICES | $68,620 |
| MARKS EDUCATION AND TEST PREPARATION | |||||
| 4833 RUGBY AVE 301 | BETHESDA | MD | 20814 | TEST PREP | $64,366 |
| TOLSMA PRODUCTIONS LLC | |||||
| 1418 S 13TH ST | PHILADELPHIA | PA | 19147 | VIDEOGRAPHY/PHOTOGRAPHY SERVICES | $58,898 |
| YOUR PART-TIME CONTROLLER | |||||
| 1500 WALNUT ST SUITE 1200 | PHILADELPHIA | PA | 19102 | ACCOUNTING SERVICES | $55,115 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $52,434,247 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $553,193 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $52,987,440 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $52,987,440 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $794,812 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $52,192,628 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,609,631 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,609,631 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $16,899 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $16,899 | TotalTaxAmt |
| Distributable Before Adj | $2,592,732 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $2,592,732 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $2,592,732 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,912,840 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $3,912,840 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,592,732 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $2,313,932 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,912,840 | QualifyingDistributionsAmt |
| Applied To Year1 | $2,313,932 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,598,908 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $993,824 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | LENFEST SCHOLARSHIP FOUNDATION APPL | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 85 OLD EAGLE SCHOOL ROAD STE 103 | AddressLine1Txt |
| City | WAYNE | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19087 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 2674156527 | RecipientPhoneNum |
| Recipient Email Address | INFO@LENFESTSCHOLARS.ORG | RecipientEmailAddressTxt |
| Form And Info And Materials | APPLICATIONS SHOULD BE SUBMITTED ON A "LENFEST SCHOLARSHIP APPLICATION" FORM WHICH IS AVAILABLE ONLINE AT: HTTP://WWW.LENFESTSCHOLARS.ORG/APPLY | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | COMPLETE APPLICATIONS MUST BE RECEIVED BY DECEMBER 31 OF THE STUDENT'S JUNIOR YEAR IN HIGH SCHOOL. | SubmissionDeadlinesTxt |
| Restrictions On Awards | ONLY STUDENTS WHO ATTEND CERTAIN SELECTED PUBLIC HIGH SCHOOLS IN CERTAIN RURAL SCHOOL DISTRICTS IN CENTRAL AND SOUTHEASTERN PENNSYLVANIA ARE ELIGIBLE. A LIST OF TWENTY-THREE ELIGIBLE HIGH SCHOOLS IS SHOWN IN THE APPLICATION MATERIALS. THE LENFEST COLLEGE SCHOLARSHIP PROGRAM WILL PROVIDE EACH SCHOLAR UP TO $12,000 PER YEAR FOR FOUR YEARS TOWARD THE COST OF ATTENDANCE AT AN ACCREDITED U.S. PRIVATE OR PUBLIC COLLEGE OR UNIVERSITY. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| FIDELITY CHARITABLE GIFT FUND | |||||||
| PO BOX 770001 | CINCINNATI | OH | 452770053 | NONE | PC | DAF CONTRIBUTIONS | $50,000 |
| PHILADELPHIA FOUNDATION | |||||||
| 1835 MARKET STREET 2410 | PHILADELPHIA | PA | 19103 | NONE | PC | DAF CONTRIBUTIONS | $10,000 |
| SCHEDULE OF FINALIST GRANTS - INFOR | |||||||
| 85 OLD EAGLE SCHOOL ROAD STE 103 | WAYNE | PA | 19087 | NONE | I | LENFEST SCHOLARSHIP PROGRAM | $111,000 |
| SCHEDULE OF SCHOLARSHIP RECIPIENTS | |||||||
| 85 OLD EAGLE SCHOOL ROAD STE 103 | WAYNE | PA | 19087 | NONE | I | LENFEST SCHOLARSHIP PROGRAM | $2,034,142 |
| SCHEDULE OF SPECIAL EDUCATION EXPEN | |||||||
| 85 OLD EAGLE SCHOOL ROAD STE 103 | WAYNE | PA | 19087 | NONE | I | LENFEST SCHOLARSHIP PROGRAM | $112,855 |
| VANGUARD CHARITABLE FUND | |||||||
| 2670 WARWICK AVENUE | WARWICK | RI | 028899509 | NONE | PC | DAF CONTRIBUTIONS | $20,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,337,997 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | CURRENT YEAR SCHOLARSHIPS APPROVED | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 85 OLD EAGLE SCHOOL ROAD STE 103 | AddressLine1Txt |
| City | WAYNE | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19087 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Recipient Foundation Status | I | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | LENFEST SCHOLARSHIP PROGRAM | GrantOrContributionPurposeTxt |
| Amt | $2,130,040 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $2,130,040 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $798,555 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 525990 | BusinessCd |
| Unrelated Business Taxbl Incm | $4,050 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $83,416 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 525990 | BusinessCd |
| Unrelated Business Taxbl Incm | $11,050 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $434,133 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $15,100 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,316,104 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,331,204 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $44,405 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $43,180 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| CORPORATION BONDS | $754,170 | $754,170 |
| MUTUAL FUNDS: EQUITY FUNDS | $10,101,425 | $10,101,425 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $0 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $0 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $5,709,362 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $5,709,362 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| EQUITY INVESTMENTS | FMV | $11,299,389 | $11,299,389 |
| REAL ESTATE INVESTMENT | FMV | $154,278 | $154,278 |
| EXCHANGE TRADED FUNDS | FMV | $8,186,672 | $8,186,672 |
| MUTUAL FUNDS: BOND FUNDS | FMV | $552,690 | $552,690 |
| ALTERNATIVE INVESTMENTS | FMV | $14,079,931 | $14,079,931 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $10,550 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $7,510 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OPERATING ROU ASSET | Desc |
| EOY Book Value | $470,847 | EOYBookValueAmt |
| EOYFMV | $470,847 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADOPTION OF TOPIC 842 | Desc |
| Amt | $8,608 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| DUES AND SUBSCRIPTIONS | $27,231 | $0 | $27,456 |
| INSURANCE | $5,644 | $0 | $5,644 |
| SCHOLAR EVENTS | $184,758 | $0 | $217,175 |
| OFFICE SUPPLIES | $5,905 | $0 | $5,905 |
| OTHER EXPENSES | $31,580 | $0 | $28,206 |
| PARTNERSHIP DEDUCTIONS | $75,679 | $50,941 | $0 |
| COLLEGE TEST PREPARATION FEES | $46,799 | $0 | $46,799 |
| HONORARIUMS | $14,673 | $0 | $14,173 |
| COMPUTER EXPENSES | $53,866 | $0 | $47,458 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| PARTNERSHIP INCOME | $87,466 | $83,416 | $87,466 |
| PFIC DISTRIBUTIONS | $117,031 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAINS | Desc |
| Amt | $3,635,150 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| EXCISE TAX PAYABLE | $147,300 | $173,000 |
| OPERATING LEASE LIABILITY | $0 | $485,576 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT ADVISORY FEES | $125,400 | $125,400 | $0 |
| PAYROLL SERVICES | $15,601 | $780 | $14,821 |
| PROFESSIONAL FEES | $120,119 | $0 | $181,216 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| PAYROLL TAXES | $54,139 | $2,707 | $51,432 |
| EXCISE TAXES | $76,200 | $0 | $0 |