Nonprofit · EIN 23-2732238
BBC FOUNDATION INC
Tax-exempt · CLARKS SUMMIT, PA 18411
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $345,381 | $115,142 | $230,239 | $6,726,228 | $3,998,860 | $2,727,368 |
| May 31, 2024 | 990 | $276,911 | $320,375 | -$43,464 | $6,166,541 | $3,828,271 | $2,338,270 |
| May 31, 2023 | 990 | -$149,482 | $274,485 | -$423,967 | $5,702,780 | $3,765,511 | $1,937,269 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $320,283
- Net gain from sales of assets
- $177,358
- Other revenue
- $25,098
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $91,143
- Management and general (functional)
- $23,999
Balance sheet and other
- Total assets, start of year
- $6,166,541
- Total assets, end of year
- $6,726,228
- Total liabilities, end of year
- $3,998,860
- Net assets, end of year
- $2,727,368
- Publicly traded securities
- $3,260,045
- Net assets without donor restrictions
- $145,202
- Net assets with donor restrictions
- $2,582,166
- Gross receipts
- $2,667,545
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1992
- 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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TOM BENEFIEL | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES LYTLE | BOARD MEMBER Trustee or director | 5 | $0 |
| RANDY CARMAN | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 2 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMES LYTLE | BOARD MEMBER Trustee or director | 5 | $0 | $137,675 | $2,400 |
| TOM BENEFIEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended May 31, 2023: 2 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMES LYTLE | BOARD MEMBER Trustee or director | 5 | $0 | $121,532 | $291 |
| TOM BENEFIEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 256, CLARKS SUMMIT, PA 18411-0256
- In care of
- % LOREN SMALL
- Principal officer (990 for 2024)
- JAMES LYTLE, PO BOX 256, CLARKS SUMMIT, PA 18411
- Signed the 990
- JAMES LYTLE, TRUSTEE
- Phone
- (570) 585-9407
- Website
- WWW.BBCFOUNDATION.ORG
- Return prepared by
- MMQ & ASSOCIATES PC
Mission
PROVIDING STEWARDSHIP OPPORTUNITIES THROUGH PLANNED GIVING, ESTATES, AND GIFTS FOR THE BENEFIT OF CLARKS SUMMIT UNIVERSITY.
Program accomplishments
- RAISE FUNDS AND MANAGE ENDOWMENTS FOR RELATED UNIVERSITY.Expenses $91,143
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2732238
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1998
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T60Z)
- Assets (IRS master file)
- $6,726,228
- Income (IRS master file)
- $2,667,545
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $345,381 | $115,142 | $6,726,228 | XML |
| 990 | May 2024 | $276,911 | $320,375 | $6,166,541 | XML |
| 990 | May 2023 | -$149,482 | $274,485 | $5,702,780 | XML |
| 990 | May 2022 | $953,305 | $267,574 | $6,714,271 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 23-2732238).
Questions about BBC FOUNDATION INC
- What is the EIN of BBC FOUNDATION INC?
- The employer identification number (EIN) of BBC FOUNDATION INC is 23-2732238.
- Is BBC FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to BBC FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does BBC FOUNDATION INC 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 BBC FOUNDATION INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BBC FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of BBC FOUNDATION INC?
- The 990 for the year ended May 31, 2025 names JAMES LYTLE.
- Who are the officers and directors of BBC FOUNDATION INC?
- The 990 for the year ended May 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does BBC FOUNDATION INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $345,381, expenses of $115,142 and total assets of $6,726,228 at year end.
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