EIN 23-6414300

Lancaster Dollars for Higher Learning

IRS 501(c) type
501(c)(3)
Num. employees
2
Year formed
1961
Most recent tax filings
2022-09-01
NTEE code, primary
Description
The mission of the organization is to help full-time college students achieve their goals by providing interest-free tuition loans.
Also known as...
Citizens Scholarship Foundation of Lanc Nka Dollars for Scholars of Lancaster; Dollars for Scholars of Lancaster
Total revenues
$398,162
2022
Total expenses
$281,840
2022
Total assets
$5,692,827
2022
Num. employees
2
2022

Program areas at Lancaster Dollars for Higher Learning

Loans for college students - funds are loaned interest-free to students who are expected to repay loans after graduation. There were 261 new loans extended during the year ended september 30, 2022.
Lancaster Dollars for Higher Learning was given a grant for the purpose of providing a limited number of grants, rather than interest-free loans, to deserving applicants selected from the group of students applying for traditional loans. The grant agreement states that Lancaster Dollars for Higher Learning will receive an annual gift of 8,000 for five years. This year, the organization distributed 5 grants totaling 8,100.

Who funds Lancaster Dollars for Higher Learning

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Lancaster County Community FoundationDesignated for General Operating Support$23,639
Ferree FoundationStrategic Planning$8,920
Pryor E and Arlene R Neuber CharitableScholarship Program$3,327
...and 1 more grant received

Personnel at Lancaster Dollars for Higher Learning

NameTitleCompensation
Bob FreundDirector
Jean BednarskiPresident$0
Linda SchroederAssistant Treasurer$0
Jay ShannonPast Treasurer$0
Cathy KettermanSecretary$0
...and 10 more key personnel

Financials for Lancaster Dollars for Higher Learning

RevenuesFYE 09/2022
Total grants, contributions, etc.$175,285
Program services$125,549
Investment income and dividends$44,884
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$52,444
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$398,162

Form 990s for Lancaster Dollars for Higher Learning

Fiscal year endingDate received by IRSFormPDF link
2021-092022-02-10990View PDF
2020-092021-04-12990View PDF
2019-092020-10-14990View PDF
2018-092019-05-14990View PDF
2017-092018-03-14990View PDF
...and 7 more Form 990s
Data update history
May 13, 2023
Received grants
Identified 2 new grant, including a grant for $8,920 from Ferree Foundation
November 6, 2022
Updated personnel
Identified 7 new personnel
July 28, 2022
Received grants
Identified 3 new grant, including a grant for $19,906 from Lancaster County Community Foundation
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
June 24, 2021
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
SchoolsEducational service providersCharities
Issues
Education
Characteristics
State / local levelProvides scholarshipsTax deductible donations
General information
Address
313 W Liberty St Ste 343
Lancaster, PA 17603
Metro area
Lancaster, PA
County
Lancaster County, PA
Website URL
lancdollars.org/ 
Phone
(717) 397-7920
IRS details
EIN
23-6414300
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1961
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B90: Educational Services
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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