2024-08-09T11:05:44-04:00 2023-12-31 364775872 BARNES SALY & COMPANY PC 637 FERNDALE AVENUE SUITE 100 JOHNSTOWN PA 159053999 990 2023-01-01 251729671 SOMERSET COUNTY FOUNDATION FOR HIGHER EDUCATION SOME 6020 GLADES PIKE SUITE 100 SOMERSET PA 155014300 TIMOTHY RESH BOARD TREASURER 8147014774 2024-07-10 true false TERENCE A SHOOK CPA P00179832 8142881544 2024-07-10 2023 2024-08-08 14:25:15Z KEN WARNICK 6020 GLADES PIKE SUITE 100 SOMERSET PA 15501 717168 false X WWW.SCFHE.ORG X 1992 PA TO SUPPORT SOMERSET COUNTY, PENNSYLVANIA RESIDENTS IN OBTAINING POST- SECONDARY EDUCATION. 14 14 1 0 338203 601104 48000 89024 10939 23373 560 -326 397702 713175 292827 591328 0 45279 70418 0 0 21370 21287 359476 683033 38226 30142 1254649 1339234 59288 100040 1195361 1239194 TO SUPPORT SOMERSET COUNTY, PENNSYLVANIA RESIDENTS IN OBTAINING POST- SECONDARY EDUCATION. false false 673443 591328 89024 SUPPORTING SOMERSET COUNTY, PENNSYLVANIA RESIDENTS IN OBTAINING POST- SECONDARY EDUCATION IN VARIOUS WAYS INCLUDING SCHOLARSHIPS AND TUITION ASSITANCE PROVIDED FOR THE BENEFIT OF ELIGIBLE RECIPIENTS. 673443 true false false false false false false false false false true false true false false false false false false false false false false false false false false true false false false false false false false true true true false false false false false false false false false true 0 0 1 true false false false false false false false false false false false false X 14 14 false false false false false false false true true false false true true true true true true true true false X SOMERSET CO FDN FOR HIGHER EDUC 8144459848 6020 GLADES PIKE SUITE 100 SOMERSET PA 15501 X KEN WARNICK BOARD CHAIRP 1.00 X X 0 0 0 LINDA FETTEROLF BOARD CO-CHA 1.00 X X 0 0 0 EMILY BAER BOARD SECRET 1.00 X X 0 0 0 SHARON CLAPPER BOARD DIRECT 1.00 X 0 0 0 TIMOTHY RESH BOARD TREASU 1.00 X X 0 0 0 DAVID BERTOTY BOARD DIRECT 1.00 X 0 0 0 FRED ROSEMEYER BOARD DIRECT 1.00 X 0 0 0 COLLEEN DAWSON BOARD DIRECT 1.00 X 0 0 0 DEBRA HOOVER BOARD DIRECT 1.00 X 0 0 0 MICHAEL BARBERA ESQ BOARD DIRECT 1.00 X 0 0 0 ALLISON HOFFMAN BOARD DIRECT 1.00 X 0 0 0 DR DAVE REEDER BOARD DIRECT 1.00 X 0 0 0 JOAN WHEELER BOARD DIRECT 1.00 X 0 0 0 MICHAEL PAULMAN BOARD DIRECT 1.00 X 0 0 0 false false false 6359 320705 274040 601104 CHARGES FOR SERVICE 74024 74024 RENTAL PROPERTY 15000 15000 89024 18912 18912 4461 4461 4461 4461 3060 6359 3993 -933 OTHER INCOME 900099 607 607 607 713175 74631 38373 591328 591328 65974 65974 4444 4444 4275 4275 20 20 2600 2600 402 402 124 124 6422 6422 3873 3873 FIDUCIARY FEES 2715 2715 MISCELLANEOUS EXPENSE 796 796 CLEANING / MAINTENANCE 60 60 683033 673443 9590 0 49944 59233 323625 334943 55932 89069 3000 11967 545 545 147223 41421 112224 105802 237811 254985 471568 482690 1254649 1339234 59288 100040 59288 100040 X 108700 166576 1086661 1072618 1195361 1239194 1254649 1339234 30142 13691 X true X false true false X 74899 58552 82948 338203 601104 1155706 74899 58552 82948 338203 601104 1155706 1155706 30299 20582 22368 22964 33912 130125 1285831 263878 0.89880 0.87320 X 20388 20388 125237 40702 84535 1598 719 879 105802 EDUCATION LOAN FUND-STUDENT LOANS 393441 C EDUCATION LOAN FUND-MONEY MKT FUND 89249 C 482690 true ALLEGANY COLLEGE OF MARYLAND 6022 GLADES PIKE SUITE 100 SOMERSET PA 155014300 520846757 GOV 203248 SCHOLARSHIPS/TUITION CLARION UNIVERSITY OF PA 840 WOOD STREET CLARION PA 16214 251474927 501C3 67375 SCHOLARSHIPS/TUITION THE ROTHMAN ORTHOPAEDIC INSTITUTE 925 CHESTNUT ST PHILADELPHIA PA 19107 824092274 501C3 320705 3 SCHEDULE I, PAGE 1, PART I, LINE 2 SCHOLARSHIPS AND TUITION ASSISTANCE ARE AWARDED AND MONITORED BY THE ADMISSIONS DEPARTMENT AND FINANCIAL AID OFFICE BASED ON THE CRITERIA STATED BY THE DONOR AND THE FOUNDATION'S BOARD OF DIRECTORS. SOMERSET TRUST COMPANY BUSINESS BANKING RELATIONSHIP false SCHEDULE L, PART V PART IV - LINE (1) - ROBERTA LOHR AND ANDREW COOK ARE EMPLOYEES OF SOMERSET TRUST COMPANY AND BOARD MEMBERS OF THE FOUNDATION. THE FOUNDATION MAINTAINS BANK ACCOUNTS AND INVESTMENT ACCOUNTS WITH SOMERSET TRUST COMPANY. FORM 990, PAGE 6, PART VI, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO ALL OF THE FOUNDATION'S BOARD MEMBERS FOR REVIEW BEFORE IT IS FILED. ONCE THE FORM 990 IS COMPLETE, BOARD MEMBERS ARE GIVEN THE OPPORTUNITY TO REVIEW THE CONTENTS OF THE FORM 990 AND SUBMIT ANY ANY COMMENTS OR QUESTIONS. FORM 990, PAGE 6, PART VI, LINE 12C EACH BOARD DIRECTOR AND DEVELOPMENT STAFF MEMBER HAVE RECEIVED AND SIGNED THE CONFLICT OF INTEREST AND CONFIDENTIALITY POLICY AND HAVE AGREED TO COMPLY WITH EACH POLICY. UNDER THE CONFLICT OF INTEREST POLICY, EACH BOARD DIRECTOR WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST THROUGH BUSINESS, INVESTMENT OR FAMILY HAS A DUTY TO DISCLOSE THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST AND ALL MATERIAL FACTS TO THE FOUNDATION'S BOARD OF DIRECTORS. THE CONFLICT OF INTEREST POLICY INCLUDES A DIFINITION OF FINANCIAL INTEREST OR COMPENSATION ARRANGEMENT WITH ANY ENTITY WITH WHICH THE FOUNDATION HAS A TRANSACTION OR IS CONTEMPLATING A TRANSACTION OR ARRANGEMENT. AFTER THE DISCLOSURE OF FINANCIAL INTEREST AND RELATED FACTS, THE INTERESTED PERSON SHALL LEAVE THE FOUNDATION BOARD OR COMMITTEE MEETING WHILE THE IDENTIFIED CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. A FINANCIAL INTEREST IS NOT NECESSARILY A CONFLICT OF INTEREST. THE FOUNDATION BOARD SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF THERE IS A DETERMINATION THAT A CONFLICT OF INTEREST EXISTS, THE BOARD SHALL DECIDE IF THERE IS ANY WAY WITH REASONABLE EFFORTS THAT THE TRANSACTION OR ARRANGEMENT CAN BE COMPLETED BY AVOIDING A BOARD DIRECTOR'S CONFLICT OF INTEREST. ANY FOUNDATION BOARD DIRECTOR WITH A CONFLICT OF INTEREST SHALL REFRAIN FROM PARTICIPATING IN THE DISCUSSION AND VOTING ON ANY ITEMS WHERE THEIR RESPECTIVE CONFLICT EXISTS. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION FOR THE EXECUTIVE DIRECTOR OF THE ORGANIZATION IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. ANNUAL COMPENSATION IS DETERMINED BASED ON COMPLETION OF GOALS ESTABLISHED ANNUALLY BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15B THE EXECUTIVE DIRECTOR IS THE ONLY PAID EMPLOYEE OF THE ORGANIZATION. THE BOARD OF DIRECTORS ARE ALL VOLUNTEERS, SERVING WITHOUT COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 FORM 990 AND GOVERNING DOCUMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST AT THE FOUNDATION OFFICES IN SOMERSET, PA.