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Nonprofit · EIN 23-6391089

LYCOMING FOUNDATION

Tax-exempt · WILLIAMSPORT, PA 17701

Financials

$703K$121K2024
Revenue Expenses · by fiscal year end
Financials of LYCOMING FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$703,067$120,872$582,195$13,840,612$895$13,839,717
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$166,309
Investment income
$536,543
Net gain from sales of assets
$287,719
Other revenue
$215

Expenses

Grants and similar amounts paid
$25,000
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$6,800
Program services (functional)
$41,951
Management and general (functional)
$78,921

Balance sheet and other

Total assets, start of year
$12,654,473
Total assets, end of year
$13,840,612
Total liabilities, end of year
$895
Net assets, end of year
$13,839,717
Publicly traded securities
$8,068,939
Net assets without donor restrictions
$13,839,717
Gross receipts
$1,400,081
Employees
0
Year formed
1955
State of legal domicile
PA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
LAURA BEAUCHESNETRUSTEE
Trustee or director
1$0
PETER S BOWERTRUSTEE
Trustee or director
1$0
CARL CHAMBERSTRUSTEE
Trustee or director
1.5$0
JONATHAN DEWALD ESQTRUSTEE
Trustee or director
1.5$0
ROMEY FAGNANOTRUSTEE
Trustee or director
1$0
KEVIN HODRICKTRUSTEE
Trustee or director
1.5$0
ALLEN W KIESSLINGTRUSTEE
Trustee or director
1$0
SELINA PULIZZITRUSTEE
Trustee or director
1$0
THOMAS B BURKHOLDERPRESIDENT
Officer
2$0
RUTH CROYLESECRETARY
Officer
1$0
CHARLES EDMONDSTREASURER
Officer
1$0
KEVIN WEINHOFFERVICE-PRESIDE
Officer
1.5$0

Address and contacts

Address (IRS master file)
2450 E 3RD ST, WILLIAMSPORT, PA 17701-4006
In care of
% WOODLANDS BANK TRUST SERVICES
Principal officer (990 for 2024)
THOMAS B BURKHOLDER, 2450 EAST THIRD STREET, WILLIAMSPORT, PA 17701
Signed the 990
THOMAS B BURKHOLDER, PRESIDENT
Phone
(570) 320-2468
Return prepared by
GEARHART WIENECKE & VERRASTRO PC

Mission

THE ORGANIZATION MAKES LOANS THROUGH A REVOLVING LOAN FUND, TO PROMOTE LYCOMING COUNTY.

990 for the year ended December 31, 2024

Program accomplishments

  • THE FOUNDATION IS OPERATED BY A BOARD OF TRUSTEES AND ITS PURPOSE IS TO PROMOTE THE ECONOMIC, COMMERCIAL, ANDINDUSTRIAL WELFARE OF LYCOMING COUNTY. THE FOUNDATION HAS CREATED A REVOLVING LOAN FUND TO CONSTRUCT AND REPAIR BUILDINGS, PURCHASE,SELL AND LEASE REAL ESTATE, AND TO LEND FUNDS FOR THE ECONOMIC DEVELOPMENT OF THE COUNTY.
    Expenses $41,951 · grants $25,000 · revenue $166,309

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-6391089
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1957
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$13,840,612
Income (IRS master file)
$1,400,081

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$456,259$91,388$12,654,473IRS
990December 2022$475,603$82,189$11,495,664IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about LYCOMING FOUNDATION

What is the EIN of LYCOMING FOUNDATION?
The employer identification number (EIN) of LYCOMING FOUNDATION is 23-6391089.
Is LYCOMING FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1957.
Are donations to LYCOMING FOUNDATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does LYCOMING FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LYCOMING FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LYCOMING FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of LYCOMING FOUNDATION?
The 990 for the year ended December 31, 2024 names THOMAS B BURKHOLDER.
Who are the officers and directors of LYCOMING FOUNDATION?
The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
How much revenue does LYCOMING FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $703,067, expenses of $120,872 and total assets of $13,840,612 at year end.

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