2024-03-27T11:08:24-05:00 2023-05-31 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2022-06-01 844612991 GENEVA COLLEGE FOUNDATION GENE 7248475568 3200 COLLEGE AVENUE BEAVER FALLS PA 15010 MARVIN DEWEY PRESIDENT 7248475568 2024-03-26 1 MARVIN DEWEY 999009999 0 SARAH R PIOT P01358891 4122613644 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARVIN DEWEY 3200 COLLEGE AVENUE BEAVER FALLS PA 15010 5593535 0 X WWW.GENEVACOLLEGEFOUNDATION.ORG X 2020 PA TO CARRY OUT THE PURPOSES OF AND TO BENEFIT AND SUPPORT GENEVA COLLEGE. 10 10 0 10 0 0 6395126 5510976 19951 0 77296 -14037 14432 27360 6506805 5524299 1608440 1968825 0 0 0 0 0 0 0 112639 65793 1721079 2034618 4785726 3489681 4822149 8556724 205735 289555 4616414 8267169 X THE CORPORATION SHALL BE ORGANIZED, AND AT ALL TIMES SHALL BE OPERATED, (UNLESS OTHERWISE APPROVED BY THE SOLE MEMBER) TO CARRY OUT THE PURPOSES OF AND TO BENEFIT AND SUPPORT THE COLLEGE, INCLUDING, BUT NOT LIMITED TO: (SEE CONTINUATION ON SCHEDULE O)(A) FUNDRAISING ON BEHALF OF THE COLLEGE;(B) CULTIVATING DONORS TO THE COLLEGE;(C) MAINTAINING AND ADVANCING COLLEGE ALUMNI RELATIONS;(D) STEWARDSHIP, AND EFFECTIVE MANAGEMENT AND ADMINISTRATION, OF ENDOWMENT AND OTHER FUNDS HELD FOR THE BENEFIT AND SUPPORT OF THE COLLEGE;(E) ACCOUNTING FOR CONTRIBUTIONS FOR THE BENEFIT AND SUPPORT OF THE COLLEGE THAT ARE MADE WITH OR WITHOUT RESTRICTIONS AND FOR ENDOWMENT FUNDS THAT ARE TEMPORARILY RESTRICTED OR PERMANENTLY RESTRICTED;(F) PROVIDING FUNDING FOR THE BENEFIT AND SUPPORT OF THE COLLEGE; AND(G) CONTRIBUTING TO CAPITAL, MAKING LOANS AND GRANTS, AND PROVIDING OTHER FINANCIAL ASSISTANCE TO THE COLLEGE. 0 0 1968825 1968825 0 ALL ACTIVITIES OF THE FOUNDATION ARE FOR THE SOLE BENEFIT OF GENEVA COLLEGE. THE FOUNDATION PROVIDES SCHOLARSHIPS TO GENEVA COLLEGE STUDENTS AND FUNDS THE GENERAL OPERATIONS OF THE COLLEGE. SCHOLARSHIP RECIPIENTS MUST GO THROUGH GENEVA COLLEGE'S FINANCIAL AID PROCESS. 1968825 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 10 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 0 0 0 AL AK AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS NV NH NJ NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI TX MO X ERIN JONES AVP OF BUDGETING AND FINANCE 7248476557 3200 COLLEGE AVENUE BEAVER FALLS PA 15010 JOHN COURNAN CHAIR 1.00 0.00 X X 0 0 0 DAVID HOWELL VICE CHAIR/TREASURER 1.00 0.00 X X 0 0 0 WILLIAM KRINER SECRETARY 1.00 1.00 X X 0 0 0 RICHARD BENTLEY BOARD MEMBER 1.00 0.00 X 0 0 0 PAMELA DURHAM-BELLAND BOARD MEMBER (ENTER 4/23) 1.00 0.00 X 0 0 0 KATHLEEN MCINTYRE BOARD MEMBER (ENTER 8/22) 1.00 0.00 X 0 0 0 BONNIE MEYER BOARD MEMBER 1.00 0.00 X 0 0 0 FRANK PAPA BOARD MEMBER 1.00 0.00 X 0 0 0 CHESTER REPLOGLE BOARD MEMBER 1.00 0.00 X 0 0 0 DWIGHT WAGNER BOARD MEMBER 1.00 0.00 X 0 0 0 TIMOTHY BAIRD CFO 1.00 40.00 X 0 132512 35451 MARVIN DEWEY PRESIDENT 40.00 0.00 X 0 143428 17142 ASHLEY FAUST ASSISTANT TO SECRETARY 40.00 0.00 X 0 46173 4972 0 322113 57565 0 0 1 0 0 18539 92535 5399902 167692 5510976 55199 55199 69236 -69236 -69236 -69236 27360 18539 0 27360 27360 5524299 0 0 13323 1968825 1968825 13 13 8161 8161 12384 12384 DOUBTFUL PLEDGES 36382 36382 8853 8853 2034618 1968825 65793 0 1669511 3995803 57372 0 2313997 1439826 0 116521 771799 2995104 9470 9470 4822149 8556724 205735 274505 0 15050 205735 289555 X 20000 20000 4596414 8247169 4616414 8267169 4822149 8556724 3489681 161074 0 X X 0 1 X 1 0 X 6395126 5510976 11906102 6395126 5510976 11906102 3279855 8626247 53463 55199 108662 12014764 19951 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 13 13 0 PART II-B, LINE 1: THE AFP (ASSOCIATION OF FUNDRAISING PROFESSIONALS) ALLOCATES 3.9% OF MEMBERSHIP DUES ($335) FOR ADVOCACY EFFORTS. 956274 2084617 0 475 3040416 0 956274 0 956274 0.00000 1.00000 0.00000 0 0 0 X 5584677 161074 161074 5423603 8161 92535 100696 5524299 57632 0 57632 8161 1968825 1976986 2034618 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. HOWEVER, TO THE EXTENT THAT SOME AUXILIARY REVENUES AND INVESTMENT INCOME ON CERTAIN TYPES OF INVESTMENTS EXCEED THE RELATED EXPENSES, THEY ARE CONSIDERED TO BE UNRELATED BUSINESS INCOME AND SUBJECT TO INCOME TAX. THE ORGANIZATION FOLLOWS THE CODIFICATION TOPIC ON INCOME TAXES. THE TOPIC PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN CONSOLIDATED FINANCIAL STATEMENTS. THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AT MAY 31, 2023 AND 2022 DO NOT INCLUDE ANY LIABILITIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS; FURTHER, THE ORGANIZATION HAS NO UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATION OF TAX RETURNS FOR YEARS BEFORE 2020. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANT FROM GENEVA COLLEGE 92,535. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANT TO GENEVA COLLEGE 1,968,825. GOLF OUTING (MAY) 27870 12300 15570 GOLF OUTING (SEPTEMBER) 18029 6239 11790 45899 18539 27360 27360 1 GENEVA COLLEGE 3200 COLLEGE AVENUE BEAVER FALLS PA 15010 250965376 501(C)(3) 1968825 0 N/A N/A TO SUPPORT THE MISSION OF GENEVA COLLEGE 1 0 PART I, LINE 2: ALL GRANTS WERE GIFTED TO THE FOUNDATION'S SOLE MEMBER, GENEVA COLLEGE, TO BE USED IN FURTHERANCE OF IT'S MISSION. 0 0 0 0 0 0 0 0 0 TIMOTHY BAIRD CFO 0 132512 0 0 0 0 0 6913 0 28538 0 167963 0 0 MARVIN DEWEY PRESIDENT 0 143428 0 0 0 0 0 7120 0 10022 0 160570 0 0 X 8 167692 FMV 0 0 0 0 PART I, COLUMN (B): THE AMOUNT REPORTED IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS FOR EACH TYPE OF PROPERTY FOR THE YEAR ENDED MAY 31, 2023. FORM 990, PART VI, SECTION A, LINE 2 TIMOTHY BAIRD HAS A BUSINESS RELATIONSHIP WITH ASHLEY FAUST AND A BUSINESS RELATIONSHIP WITH MARVIN DEWEY. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A PENNSYLVANIA NONPROFIT CORPORATION WHICH HAS MEMBERS RATHER THAN STOCKHOLDERS. SINCE INCEPTION, IT HAS ONLY HAD ONE MEMBER, GENEVA COLLEGE. FORM 990, PART VI, SECTION A, LINE 7A AN ANNUAL MEETING OF THE SOLE MEMBER, GENEVA COLLEGE, FOR THE ELECTION OF BOARD OF DIRECTORS OF THE FOUNDATION, THE CONSIDERATION OF REPORTS, AND SUCH OTHER BUSINESS AS MAY BE BROUGHT BEFORE THE MEETING SHALL BE HELD ANNUALLY IMMEDIATELY FOLLOWING A MEETING OF THE BOARD OF TRUSTEES OF THE SOLE MEMBER, UNLESS OTHERWISE DETERMINED BY THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7B NOTWITHSTANDING ANYTHING TO THE CONTRARY IN THESE BYLAWS, THE FOLLOWING DECISIONS SHALL REQUIRE THE CONSENT OF THE SOLE MEMBER, GENEVA COLLEGE, OR ANY COMMITTEE DESIGNATED BY THE SOLE MEMBER IN ADDITION TO THE AFFIRMATIVE ACTION OF THE BOARD OF THE CORPORATION. (A) ADOPTION OF THE CORPORATION'S ANNUAL BUDGET. (B) EXPENDITURES FOR (I) NON-BUDGETED ITEMS IN EXCESS OF CERTAIN DOLLAR LIMITS SET FROM TIME-TO-TIME BY THE SOLE MEMBER AND (II) ITEMS WHICH ARE INCLUDED IN THE CORPORATION'S ANNUAL BUDGETS, BUT WHICH EXCEED THE BUDGETED AMOUNT BY AN AMOUNT IN EXCESS OF CERTAIN DOLLAR LIMITS SET FROM TIME-TO-TIME BY THE SOLE MEMBER. (C) INCURRENCE, ASSUMPTION OR GUARANTEE OF ANY INDEBTEDNESS IF FOLLOWING THE INCURRENCE, ASSUMPTION, OR GUARANTEE OF SUCH INDEBTEDNESS THE AGGREGATE AMOUNT OF ALL OUTSTANDING INDEBTEDNESS INCURRED, ASSUMED OR GUARANTEED BY THE CORPORATION WHICH HAS NOT BEEN PREVIOUSLY APPROVED BY THE SOLE MEMBER EXCEEDS CERTAIN DOLLAR LIMITS SET FROM TIME-TO-TIME BY THE SOLE MEMBER. (D) EXECUTION OF ANY CONTRACT THAT CALLS FOR THE CORPORATION TO EXPEND A SUM IN EXCESS OF CERTAIN DOLLAR LIMITS SET FROM TIME-TO-TIME BY THE SOLE MEMBER. (E) APPOINTMENT OF THE CORPORATION'S AUDITORS AND/OR ACCOUNTANTS IF SUCH AUDITOR AND/OR ACCOUNTANTS WOULD BE DIFFERENT THAN THE AUDITOR AND/OR ACCOUNTANTS APPOINTED BY THE SOLE MEMBER FOR ITS OWN AFFAIRS. (F) ADOPTION OF THE CORPORATION'S LONG-RANGE PLANS AND MANAGEMENT OBJECTIVES, INCLUDING THE EXECUTION OF ANY AGREEMENT WITH CONSORTIUMS, ALLIANCES, ETC. (G) ADOPTION AND AMENDMENT OF THE CORPORATION'S ARTICLES OF INCORPORATION OR BYLAWS. (H) ADOPTION OF ANY PLAN OF MERGER OR CONSOLIDATION; ADOPTION OF ANY PLAN OF DIVISION OF THE CORPORATION; ADOPTION OF ANY PLAN OF CONVERSION RELATING TO THE CONVERSION OF THE CORPORATION INTO A FOR-PROFIT BUSINESS CORPORATION OR OTHER FOR-PROFIT LEGAL ENTITY; ADOPTION OF ANY PROPOSAL OF VOLUNTARY DISSOLUTION OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CONTROLLER AND THE VP OF BUSINESS & FINANCE OF THE COLLEGE. THE FORM 990 IS ALSO REVIEWED, DISCUSSED, AND APPROVED BY THE BUSINESS AND OPERATIONS COMMITTEE OF THE BOARD OF TRUSTEES OF THE COLLEGE. THE FORM 990 IS MADE AVAILABLE TO ALL OF THE BOARD OF DIRECTORS OF THE FOUNDATION PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ADMINISTRATIVE ASSISTANT OF THE PRESIDENT OF THE FOUNDATION COLLECTS AND REVIEWS ALL OF THE CONFLICT OF INTEREST STATEMENTS COMPLETED BY THE BOARD OF DIRECTORS AND MAINTAINS A CHECKLIST TO ENSURE THAT SHE RECEIVES ALL OF THEM. SHE THEN DOCUMENTS ANY DISCLOSURES MADE AND FORWARDS THIS DOCUMENT TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR THEIR REVIEW. FORM 990, PART VI, SECTION C, LINE 19 GENEVA COLLEGE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY STATEMENT AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND THROUGH ITS OWN WEBSITE. FORM 990, PART XII, LINE 2C: GENEVA COLLEGE FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. IN ADDITION, THE ORGANIZATION HAS A COMMITTEE THAT ASSUME THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND ITS SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GENEVA COLLEGE 3200 COLLEGE AVENUE BEAVER FALLS PA 15010 250965376 A CHRIST-CENTERED HIGHER EDUCATION ACADEMIC INSTITUTION PA 501(C)(3) 170(B)(1)(A)(II) REFORMED PRESBYTERIAN CHURCH OF NORTH AMERICA 0 REFORMED PRESBYTERIAN CHURCH OF NORTH AMERICA 7418 PENN AVENUE PITTSBURGH PA 15208 250987250 A CHURCH SPREADING THE GOSPEL OF JESUS CHRIST & DISCIPLING BELIEVERS PA 501(C)(3) 170(B)(1)(A)(I) N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1