2024-11-13T13:43:30-06:00 2023-12-31 251616561 S R SNODGRASS PC 2009 MACKENZIE WAY SUITE 340 CRANBERRY TOWNSHIP PA 16066 990 2023-01-01 251728621 PACB FOUNDATION PACB 7172317447 800 NORTH 3RD STREET 304 HARRISBURG PA 17102 KEVIN L SHIVERS PRESIDENT/CEO 7172317447 2024-11-12 1 1 DANELLE R STEWART CPA P00535522 7249340344 2024-11-12 2023 2024-10-15 13:58:12Z KEVIN L SHIVERS 800 NORTH 3RD STREET 304 HARRISBURG PA 17102 11406 0 X WWW.PACB.ORG/FOUNDATION X 1994 PA PROVIDE EDUCATIONAL FINANCIAL ASSISTANCE TO ELIGIBLE PERSONS, AND ALSO PROVIDE EDUCATIONAL AND OTHER CHARITABLE SERVICES AS ALLOWED UNDER IRC SECTION 501(C)(3). 5 5 0 5 0 0 3425 6000 0 0 56 5406 0 0 3481 11406 945 2370 0 0 0 0 0 0 0 41805 24822 42750 27192 -39269 -15786 627474 611702 1200 1214 626274 610488 PROVIDE EDUCATIONAL FINANCIAL ASSISTANCE TO ELIGIBLE PERSONS, AND ALSO PROVIDE EDUCATIONAL AND OTHER CHARITABLE SERVICES AS ALLOWED UNDER IRC SECTION 501(C)(3). 0 0 4670 2370 PROVIDE EDUCATIONAL FINANCIAL ASSISTANCE TO EMPLOYEES OR CHILDREN OF EMPLOYEES OF MEMBER BANKS OF THE PA ASSOCIATION OF COMMUNITY BANKERS. SINCE ITS INCEPTION IN 1994, THE FOUNDATION HAS AWARDED OVER 157 RENEWABLE SCHOLARSHIPS. 4670 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 PA X KEVIN L SHIVERS 7172317447 800 NORTH 3RD STREET SUITE 304 HARRISBURG PA 17102 TROY A PETERS CHAIRMAN 0.30 0.30 X X 0 0 0 TROY M CAMPBELL CHAIRMAN ELECT 0.30 2.00 X X 0 0 0 JON CONKLIN VICE CHAIRMAN 0.30 0.30 X X 0 0 0 LORI A CESTRA SECRETARY 0.30 2.00 X X 0 0 0 ROGER A ZACHARIA TREASURER 0.30 2.00 X X 0 0 0 KEVIN L SHIVERS PRESIDENT/CEO 0.30 37.50 X 0 183430 18372 0 183430 18372 1 0 1 0 0 6000 6000 5406 5406 11406 0 0 5406 2370 2370 17859 17859 1964 1964 1900 1900 3099 2300 799 27192 4670 22522 0 626474 611702 1000 0 627474 611702 1200 1214 1200 1214 X 489924 473454 136350 137034 626274 610488 627474 611702 -15786 0 X X 1 X 0 1 0 X 2300 800 5495 3425 6000 18020 2300 800 5495 3425 6000 18020 18020 17754 676 48 56 5406 23940 41960 0.42950 0.35860 X 136350 684 137034 135670 680 136350 134930 740 135670 119036 15894 134930 119036 3360 3360 119036 0.99501 0.00499 0 0 0 X PART X, LINE 2: THE ORGANIZATION COMPLIES WITH THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, INCOME TAXES. THE FASB ASC REQUIRES TAX EFFECTS FROM UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS TAKEN ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. DURING THE YEAR ENDED DECEMBER 31, 2023, THE ORGANIZATION DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. INCOME TAX RETURNS FILED BY THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2020 REMAIN OPEN. PART V, LINE 4 THE EARNINGS FROM THE ENDOWMENT FUNDS ARE USED TO FUND ANNUAL SCHOLARSHIPS. 1 COLLEGE TUITION SCHOLARSHIPS 6 2370 FAIR MARKET VALUE PART I, LINE 2: THE FOUNDATION REQUIRES SCHOLARSHIP RECIPIENTS TO PROVIDE TRANSCRIPTS AND MAINTAIN A MINIMUM GRADE POINT AVERAGE IN ORDER TO CONTINUE TO RECEIVE SCHOLARSHIPS. X X X 0 0 0 0 0 0 0 0 0 KEVIN L SHIVERS PRESIDENT/CEO 0 163595 0 15668 0 4167 0 0 0 18372 0 201802 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE CHAIRMAN OF THE PENNSYLVANIA ASSOCIATION OF COMMUNITY BANKERS APPOINTS THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE TREASURER AND MANAGEMENT BEFORE IT IS FILED. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. FORM 990, PAGE 12, PART XII, LINE 2C: THE FOUNDATION AND ITS BAORD OF DIRECTORS CONDUCT THE OVERSIGHT AND REVIEW OF THE CURRENT YEAR FINANCIAL STATEMENTS AND REPORT. PENNSYLVANIA ASSOCIATION OF COMMUNITY BANKERS 800 NORTH 3RD STREET SUITE 304 HARRISBURG PA 17110 251672295 TO ASSIST MEMBERS IN SERVING THEIR SHAREHOLDERS AND ACCT HOLDERS PA 501(C)(6) N/A N/A 0 FIRSTPAC PAC OF THE PA ASSOCIATION OF COMMUNITY BANKERS 800 NORTH 3RD STREET SUITE 304 HARRISBURG PA 17110 237061558 CONTRIBUTED TO ELECTION CAMPAIGNS PA 527 N/A N/A 0 PACB INSURANCE INC DBA PACB SERVICES 800 NORTH 3RD STREET SUITE 304 HARRISBURG PA 17102 232222056 MARKETING AND SALES OF INSURANCE/SERVICES PA N/A C 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 PENNSYLVANIA ASSOCIATION OF COMMUNITY BANKERS M 2370 ACTUAL COSTS PENNSYLVANIA ASSOCIATION OF COMMUNITY BANKERS N 17859 ACTUAL COSTS