2024-04-15T11:12:19-05:00 2023-05-31 232226550 MMQ & ASSOCIATES PC 1173 CLAY AVENUE SCRANTON PA 18510 990 2022-06-01 232732238 BBC FOUNDATION INC BBCF 5705859407 538 VENARD ROAD CLARKS SUMMIT PA 18411 JAMES LYTLE PRESIDENT 5705859407 2024-04-14 1 JAMES LYTLE 999009999 0 MARY ANN NOVAK CPA P01056330 5709610345 2024-04-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JAMES LYTLE 538 VENARD ROAD CLARKS SUMMIT PA 18411 4052865 0 X WWW.BBCFOUNDATION.ORG X 1992 PA RAISE FUNDS FOR RELATED UNIVERSITY. 2 1 0 0 0 0 98898 170418 0 0 853960 -319900 447 0 953305 -149482 200888 200348 0 0 0 0 0 0 0 66686 74137 267574 274485 685731 -423967 6714271 5702780 4482793 3765511 2231478 1937269 PROVIDING STEWARDSHIP OPPORTUNITIES THROUGH PLANNED GIVING, ESTATES, AND GIFTS FOR THE BENEFIT OF CLARKS SUMMIT UNIVERSITY. 0 0 273035 200348 RAISE FUNDS AND MANAGE ENDOWMENTS FOR RELATED UNIVERSITY. 273035 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 13 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X BBC FOUNDATION INC 5705859608 538 VENARD ROAD CLARKS SUMMIT PA 18411 X TOM BENEFIEL BOARD MEMBER 1.00 X 0 0 0 JAMES LYTLE BOARD MEMBER 5.00 X 0 121532 291 0 121532 291 0 0 0 0 0 170418 170418 100405 100405 3782042 4202347 -420305 -420305 -420305 -149482 0 0 -319900 200348 200348 INTEREST-REVOCABLE DEPO 59724 59724 MINISTRY 12963 12963 INVESTMENT AND BANK FEE 848 848 MISCELLANEOUS 602 602 274485 273035 1450 0 19998 141860 269183 149601 80849 0 5575268 5142832 768973 268487 6714271 5702780 5800 5800 1480000 1307500 2996993 2452211 4482793 3765511 X -648802 -821949 2880280 2759218 2231478 1937269 6714271 5702780 X -423967 154693 -24935 X X 0 1 X 1 0 X X 1 CLARKS SUMMIT UNIVERSITY 150543962 6 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2638650 144578 -91132 80166 2611930 2852004 53000 -164943 101411 2638650 2424273 4472 497134 73875 2852004 2543747 4615 73731 197820 2424273 2560196 5700 -22149 2543747 0.90100 0.09900 0 0 0 REVOCABLE DEPOSIT GIFT AGREEMENTS 1463236 ANNUITIES PAYABLE 276560 ASSETS HELD FOR AFFILIATES 455705 ASSETS HELD FOR BENEFICIARIES 227617 ASSETS HELD FOR OTHER REMAINDERMEN 29093 2452211 X 9306 154693 4095 158788 -149482 0 -149482 278580 4095 4095 274485 0 274485 PART X, LINE 2: IN ACCORDANCE WITH THE FINANCIAL ACCOUNTING STANDARDS BOARD GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE MAY 31, 2019. 0 SCHOLARSHIPS TO VARIOUS STUDENTS 108 200348 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION SENDS THE DRAFT 990 RETURN TO ALL TRUSTEES BY ELECTRONIC MEANS. AN EMAIL VOTE APPROVING THE 990 OCCURS PRIOR TO THE SUBMISSION DEADLINE OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST STATEMENT ANNUALLY. SIGNED COPIES ARE ON FILE. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII - REPORTABLE COMPENSATION JAMES LYTLE RECEIVES COMPENSATION FROM CLARKS SUMMIT UNIVERSITY. INCLUDED IN JAMES LYTLE'S COMPENSATION IS A HOUSING ALLOWANCE IN THE AMOUNT OF $50,000, WHICH IS BOTH FEDERAL AND FICA EXEMPT. FORM 990, PART XI, LINE 9: ACTUARIAL GAIN (LOSS) ON ANNUITIES AND LIFE INCOME TRUST -24,935. FORM 990, PART XII - LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS AUDITOR OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. CLARKS SUMMIT UNIVERSITY 538 VENARD ROAD CLARKS SUMMIT PA 18411 150543962 PROVIDES UNDERGRADUATE, GRADUATE, AND SEMINARY DEGREE PROGRAMS. PA 501(C)(3) 509(A)(1) 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 CLARKS SUMMIT UNIVERSITY P 4095 FAIR MARKET VALUE