2024-10-30T09:33:13-04:00 2024-06-30 251690617 SCHAFFNER KNIGHT MINNAUGH & CO PC 1545 WEST 38TH STREET ERIE PA 165082347 990 2023-07-01 251819940 EDINBORO UNIVERSITY FOUNDATION EDIN 8147321708 210 MEADVILLE STREET EDINBORO PA 16412 CHARLES SCALISE EXECUTIVE DIRECTOR 8147321708 2024-10-29 true true DENNIS W GROW CPA P00190259 8144541997 2024-10-29 2023 2024-10-15 13:58:12Z CHARLES SCALISE 210 MEADVILLE STREET EDINBORO PA 16412 4369125 false X WWW.EDINBOROFOUNDATION.ORG X 1998 PA THE EDINBORO UNIVERSITY FOUNDATION WAS FOUNDED IN 1998 TO SUPPORT THE MISSION OF EDINBORO UNIVERSITY OF PENNSYLVANIA, NOW PENNSYLVANIA WESTERN UNIVERSITY, THROUGH THE CULTIVATION AND MANAGEMENT OF GIFTS, GRANTS, AND OTHER RESOURCES FOR THE BENEFIT OF THE STUDENTS AND FACULTY OF EDINBORO UNIVERSITY. 9 9 3 10 0 828355 870729 431052 479756 -197673 -235013 0 1061734 1115472 818830 749673 0 235428 290380 0 14519 254905 280393 1309163 1320446 -247429 -204974 36986911 41268676 23318383 25836868 13668528 15431808 X THE EDINBORO UNIVERSITY FOUNDATION WAS FOUNDED IN 1998 TO SUPPORT THE MISSION OF EDINBORO UNIVERSITY OF PENNSYLVANIA, NOW PENNSYLVANIA WESTERN UNIVERSITY, THROUGH THE CULTIVATION AND MANAGEMENT OF GIFTS, GRANTS, AND OTHER RESOURCES FOR THE BENEFIT OF THE STUDENTS AND FACULTY OF EDINBORO UNIVERSITY. false false 407743 479756 SCHOLARSHIPS TO PENNSYLVANIA WESTERN UNIVERSITY AT EDINBORO STUDENTS 749472 749472 DONOR GIFTS AND GRANTS TO PENNSYLVANIA WESTERN UNIVERSITY AT EDINBORO 201 201 PROGRAM SUPPORT FOR THE BENEFIT OF PENNSYLVANIA WESTERN UNIVERSITY AT EDINBORO, EDINBORO UNIVERSITY ALUMNI ASSOCIATION AND OTHER CHARITABLE ORGANIZATIONS 1157416 true true false false false true false false true true true false false false true true true true false false false false false false false false false true false false false false false false false false false false false false false false false true false false false true 24 0 true 3 true false false false false false false false false X 9 9 false false false false false false false true true false false true true true true true true true false false PA X X MICHELLE HORN 8147321708 210 MEADVILLE STREET EDINBORO PA 16412 CHARLES SCALISE EXECUTIVE DI 37.50 X 96058 0 16466 AAMIR ANWAR BOARD MEMBER 1.00 X 0 0 0 PATRICIA DAVIS SECRETARY 2.00 X X 0 0 0 MARILYN GOELLNER CHAIR 2.00 X X 0 0 0 LARRY JOHNSON BOARD MEMBER 1.00 X 0 0 0 MATTHEW O'MALLEY BOARD MEMBER 1.00 X 0 0 0 WILLIAM ROTHENBACH BOARD MEMBER 1.00 X 0 0 0 DAVID SHENEMAN BOARD MEMBER 1.00 X 0 0 0 MARY TIMASHENKA BOARD MEMBER 1.00 X 0 0 0 GABRIEL VELIZ BOARD MEMBER 1.00 X 0 0 0 DANIEL WALSH TREASURER 2.00 X X 0 0 0 96058 16466 false false false 870729 19885 870729 FOUNDATION ASSET MANAGEMENT 561000 479756 479756 479756 265457 265457 2753183 3253653 -500470 -500470 -500470 1115472 -20714 265457 749673 749673 226580 181264 33987 11329 6826 5461 1024 341 38953 31162 5843 1948 18021 14417 2703 901 6490 6490 23775 23775 170579 170579 24950 24950 21285 4860 16425 17967 17967 1205 1205 1834 1834 11347 11347 DUES AND MEMBERSHIPS 961 961 1320446 1157416 148511 14519 777369 1809466 813533 893130 64000 9674 6636 10522 17955 218744 218744 1834 34377274 37410066 996705 1067423 36986911 41268676 501 3099 27701 23276278 25726028 41604 80040 23318383 25836868 X 5378216 6468017 8290312 8963791 13668528 15431808 36986911 41268676 X -204974 1961945 6309 X false true X true false X 616996 650599 666533 828355 870729 3633212 616996 650599 666533 828355 870729 3633212 674144 2959068 165195 263195 103054 143147 265457 940048 4573260 2385734 0.64700 0.69000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 395 885304 677086 13569042 false false false true X 12078911 426195 1426140 333678 28526 13569043 10814416 651935 847723 234920 243 12078911 12701108 159351 -1750908 311131 15996 10814416 10398012 98064 2506755 302804 1081 12701108 10394784 114357 155601 266731 4154 10398012 0.69000 0.31000 false false 218744 218744 DUE TO EUP 43900 ANNUITY PAYMENT 27397 ACCRUED LIABILITIES 8743 80040 X 2903347 1961945 6309 1968254 935093 170579 9800 180379 1115472 1140067 1140067 170579 9800 180379 1320446 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE FOUNDATION MANAGES THE ENDOWMENT ASSETS FOR PENNSYLVANIA WESTERN UNIVERSITY AT EDINBORO AND EDINBORO UNIVERSITY ALUMNI ASSOCIATION. SCHEDULE D, PAGE 3, PART X THE FOUNDATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. MANAGEMENT DETERMINED THAT THERE WERE NO UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN FISCAL YEARS ENDING JUNE 30,2024, 2023, 2022 AND 2021. THE FOUNDATION'S FEDERAL INCOME TAX RETURNS ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL TAX AUTHORITIES FOR FISCAL YEARS ENDING JUNE 30, 2021. SCHEDULE D, PAGE 4, PART XI, LINE 2D ADJUSTMENT TO CASH SURRENDER VALUE OF LIFE INSURANCE 6,309 SCHEDULE D, PAGE 4, PART XI, LINE 4B UNRESTRICTED GRANT REVENUE 5,800 GIFTS IN KIND 4,000 SCHEDULE D, PAGE 4, PART XII, LINE 4B UNRESTRICTED GRANT ADMIN FEE 5,800 GIFTS IN KIND 4,000 true GRANTS IN US-GOVERNMENTS-990 250 UNIVERSITY AVENUE CALIFORNIA PA 15419 251508140 115(1) 749673 CASH UNIVERSITY SUPPORT SCHEDULE I, PAGE 1, PART I, LINE 2 SCHOLARSHIP CANDIDATES ARE REVIEWED BY A DESIGNATED COMMITTEE TO DETERMINE IF THEY ARE QUALIFIED TO RECEIVE PAYMENTS BASED ON THE DONOR-RESTRICTED PURPOSE AND/OR OTHER PARAMETERS. SCHEDULE I, PAGE 4, PART IV PART II, LINE 1, COLUMN (H): NAME OF ORGANIZATION OR GOVERNMENT: PENNSYLVANIA WESTERN UNIVERSITY (H) PURPOSE OF GRANT OR ASSISTANCE: THE FOUNDATION RECEIVES DONOR CONTRIBUTIONS FOR THE UNIVERSITY FOR VARIOUS INITIATIVES, AWARDS AND SCHOLARSHIP PROGRAMS. THE FOUNDATION HOLDS THE FUNDS UNTIL DONOR RESTRICTIONS ARE MET AND THEN RELEASES THE CONTRIBUTIONS TO THE UNIVERSITY. FORM 990 - ORGANIZATION'S MISSION THE EDINBORO UNIVERSITY FOUNDATION WAS FOUNDED IN 1998 TO SUPPORT THE MISSION OF EDINBORO UNIVERSITY OF PENNSYLVANIA, NOW PENNSYLVANIA WESTERN UNIVERSITY, THROUGH THE CULTIVATION AND MANAGEMENT OF GIFTS, GRANTS, AND OTHER RESOURCES FOR THE BENEFIT OF THE STUDENTS AND FACULTY OF EDINBORO UNIVERSITY. FORM 990, PART VI SECTION B, LINE 11 FORM 990, PAGE 6, PART VI, LINE 11B A DRAFT FORM 990 WAS PREPARED BY THE FOUNDATION STAFF AND OUTSIDE INDEPENDENT ACCOUNTING FIRM. THE INDEPENDENT ACCOUNTING FIRM PREPARED THE FINANCIAL INFORMATION WITH THE AUDITED FINANCIAL STATEMENTS FOR CONSISTENCY. THE FORM 990 WAS DISTRIBUTED TO THE FULL BOARD FOR REVIEW WITH COMMENTS DIRECTED TO THE FOUNDATION STAFF. THE FULL BOARD APPROVES THE 990 BEFORE BEING FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 12C THE EXECUTIVE COMMITTEE REVIEWS EACH OF THE RESPONSES RECEIVED FROM THE BOARD MEMBERS. THEY MEET INDIVIDUALLY WITH ANY MEMBERS WHO HAVE INDICATED THERE MAY BE ISSUES WITH THEIR INDEPENDENCE IN ALL BOARD MATTERS. THE MEMBER IS MADE AWARE THAT THEY MAY BE EXCUSED FROM CERTAIN BOARD CONVERSATIONS AND VOTES RELATING TO THEIR RESPONSES. FORM 990, PAGE 6, PART VI, LINE 15A AS PART OF THE APPROVAL OF THE ANNUAL OPERATIONAL BUDGET, THE FOUNDATION BOARD AGREES TO A COST OF LIVING RAISE FOR ALL EMPLOYEES. ADDITIONALLY, THE PERSONNEL COMMITTEE MEETS ANNUALLY TO REVIEW THE PERFORMANCE OF EMPLOYEES AND AGREES UPON STRUCTURAL INCREASES BASED ON PERFORMANCE, INCREASED DUTIES, AND COMPARISON SALARIES. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 LIFE INSURANCE CASH VALUE ADJUSTMENT 6,309 EDINBORO UNIVERSITY ALUMNI ASSOCIAT 210 MEADVILLE STREET EDINBORO PA 16412 251329776 SUPPORT PA 501 C 7 NA false PENNSYLVANIA WESTERN UNIVERSITY 250 UNIVERSITY AVENUE CALIFORNIA PA 15419 251508140 HIGHER EDU PA 115 NA false false true false false false false false false false false false false false true false false false false false PENNSYLVANIA WESTERN UNIVERSITY B 749673 ACTUAL DOLLAR VALUE