Nonprofit · EIN 23-6414300
LANCASTER DOLLARS FOR HIGHER LEARNING
Also known as DOLLARS FOR SCHOLARS OF LANCASTER
Tax-exempt · LANCASTER, PA 17603
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $498,219 | $413,893 | $84,326 | $6,990,040 | $18,736 | $6,971,304 |
| September 30, 2024 | 990 | $448,707 | $400,797 | $47,910 | $6,682,452 | $16,251 | $6,666,201 |
| September 30, 2023 | 990 | $341,211 | $324,217 | $16,994 | $6,019,431 | $23,193 | $5,996,238 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $157,205
- Program service revenue
- $128,936
- Investment income
- $188,144
- Net gain from sales of assets
- $75,487
- Other revenue
- $23,934
Expenses
- Grants and similar amounts paid
- $9,500
- Other salaries and wages
- $74,337
- Salaries, compensation and benefits (total)
- $81,036
- Professional fundraising fees
- $0
- Accounting fees
- $15,280
- Occupancy
- $5,951
- Program services (functional)
- $289,920
- Management and general (functional)
- $101,210
- Fundraising (functional)
- $22,763
Balance sheet and other
- Total assets, start of year
- $6,682,452
- Total assets, end of year
- $6,990,040
- Total liabilities, end of year
- $18,736
- Net assets, end of year
- $6,971,304
- Publicly traded securities
- $4,217,572
- Net assets without donor restrictions
- $6,442,040
- Net assets with donor restrictions
- $529,264
- Gross receipts
- $2,572,873
- Employees
- 2
- Volunteers
- 6
- Year formed
- 1961
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LINDA SCHROEDER | TREASURER Trustee or director, Officer | 5.77 | $0 |
| BOB FREUND | BOARD MEMBER Trustee or director | 1 | $0 |
| MARK NEWKIRK | BOARD MEMBER Trustee or director | 1.04 | $0 |
| MELISSA JABOUR | BOARD MEMBER Trustee or director | 1.15 | $0 |
| JAMES LEE | BOARD MEMBER Trustee or director | 0.58 | $0 |
| BUNNIE BUCKWALTER | BOARD MEMBER Trustee or director | 1.85 | $0 |
| KAY BRUBAKER | PRESIDENT Trustee or director, Officer | 7 | $0 |
| PATRICK CARNEY | BOARD MEMBER Trustee or director | 0.69 | $0 |
| CINDY CIUFFO | ASSISTANT TR Trustee or director, Officer | 0.96 | $0 |
| ROBIN GORINI | BOARD MEMBER Trustee or director | 0.58 | $0 |
| PEG ELLISON WOLPERT | SECRETARY Trustee or director, Officer | 1.96 | $0 |
| SAMANTHA MORENO | BOARD MEMBER Trustee or director | 0.58 | $0 |
| KRISTIN MARSHALL | BOARD MEMBER Trustee or director | 0.84 | $0 |
| RICHARD FRERICHS | BOARD MEMBER Trustee or director | 3 | $0 |
| KLAIRE MARINO | BOARD MEMBER Trustee or director | 0.46 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TED CARDWELL | BOARD MEMBER Trustee or director | 0.46 | $0 |
990 for the year ended September 30, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEAN BEDNARSKI | PRESIDENT Trustee or director, Officer | 8 | $0 |
| LINDA SCHROEDER | TREASURER Trustee or director, Officer | 4.81 | $0 |
| BOB FREUND | BOARD MEMBER Trustee or director | 1.15 | $0 |
| MARK NEWKIRK | BOARD MEMBER Trustee or director | 2 | $0 |
| MELISSA JABOUR | BOARD MEMBER Trustee or director | 1.15 | $0 |
| JAMES LEE | BOARD MEMBER Trustee or director | 0.58 | $0 |
| BUNNIE BUCKWALTER | BOARD MEMBER Trustee or director | 1.44 | $0 |
| KAY BRUBAKER | BOARD MEMBER Trustee or director | 2.85 | $0 |
| PATRICK CARNEY | BOARD MEMBER Trustee or director | 1 | $0 |
| CINDY CIUFFO | BOARD MEMBER Trustee or director | 0.23 | $0 |
| ROBIN GORINI | BOARD MEMBER Trustee or director | 0.38 | $0 |
| PEG ELLISON WOLPERT | SECRETARY Trustee or director, Officer | 2 | $0 |
| SAMANTHA MORENO | BOARD MEMBER Trustee or director | 0.58 | $0 |
990 for the year ended September 30, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEAN BEDNARSKI | PRESIDENT Trustee or director, Officer | 10 | $0 |
| CATHY KETTERMAN | SECRETARY Trustee or director, Officer | 1 | $0 |
| LINDA SCHROEDER | TREASURER Trustee or director, Officer | 4 | $0 |
| BOB FREUND | BOARD MEMBER Trustee or director | 1 | $0 |
| MARK NEWKIRK | BOARD MEMBER Trustee or director | 1 | $0 |
| MELISSA JABOUR | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES LEE | BOARD MEMBER Trustee or director | 1 | $0 |
| BUNNIE BUCKWALTER | BOARD MEMBER Trustee or director | 1 | $0 |
| KAY BRUBAKER | BOARD MEMBER Trustee or director | 2 | $0 |
| PATRICK CARNEY | BOARD MEMBER Trustee or director | 1 | $0 |
| CINDY CIUFFO | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBIN GORINI | BOARD MEMBER Trustee or director | 1 | $0 |
| PEG ELLISON WOLPERT | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 313 W LIBERTY ST STE 343, LANCASTER, PA 17603-2195
- Principal officer (990 for 2024)
- LINDA SCHROEDER, 313 W LIBERTY ST STE 343, LANCASTER, PA 17603
- Signed the 990
- LINDA SCHROEDER, TREASURER
- Phone
- (717) 397-7920
- Website
- WWW.LANCDOLLARS.ORG
- Return prepared by
- SIMON LEVER LLC
Mission
THE MISSION OF THE ORGANIZATION IS TO HELP FULL-TIME COLLEGE STUDENTS ACHIEVE THEIR GOALS BY PROVIDING INTEREST-FREE TUITION LOANS.
Program accomplishments
- LOANS FOR COLLEGE STUDENTS - FUNDS ARE LOANED INTEREST-FREE TO STUDENTS WHO ARE EXPECTED TO REPAY LOANS AFTER GRADUATION. THERE WERE 399 NEW LOANS EXTENDED DURING THE YEAR ENDED SEPTEMBER 30, 2025.Expenses $280,420 · revenue $128,936
- LANCASTER DOLLARS FOR HIGHER LEARNING WAS GIVEN GRANTS FOR THE PRUPOSE OF PROVIDING A LIMITED NUMBER OF GRANTS, RATHER THAN INTEREST FREE LOANS, TO DESERVING APPLICANTS SELECTED FROM THE GROUP OF STUDENTS APPLYING FOR TRADITIONAL LOANS. THE GRANT AGREEMENT STATES THAT LANCASTER DOLLARS FOR HIGHER LEARNING WILL RECEIVE AN ANNUAL GIFT OF 8,000 FOR FIVE YEARS. IN 2025, THEY RECIEVED AN ADDITIONAL 2,000 GIFT. THIS YEAR, THE ORGANIZATION DISTRIBUTED 5 GRANTS TOTALING 9,500.Expenses $9,500 · grants $9,500
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 23-6414300
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1962
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $6,990,040
- Income (IRS master file)
- $2,572,873
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $498,219 | $413,893 | $6,990,040 | XML |
| 990 | September 2024 | $448,707 | $400,797 | $6,682,452 | XML |
| 990 | September 2023 | $341,211 | $324,217 | $6,019,431 | XML |
| 990 | September 2022 | $398,162 | $281,840 | $5,692,827 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 23-6414300).
Questions about LANCASTER DOLLARS FOR HIGHER LEARNING
- What is the EIN of LANCASTER DOLLARS FOR HIGHER LEARNING?
- The employer identification number (EIN) of LANCASTER DOLLARS FOR HIGHER LEARNING is 23-6414300.
- Is LANCASTER DOLLARS FOR HIGHER LEARNING tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1962.
- Are donations to LANCASTER DOLLARS FOR HIGHER LEARNING tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LANCASTER DOLLARS FOR HIGHER LEARNING 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 LANCASTER DOLLARS FOR HIGHER LEARNING due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LANCASTER DOLLARS FOR HIGHER LEARNING last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of LANCASTER DOLLARS FOR HIGHER LEARNING?
- The 990 for the year ended September 30, 2025 names LINDA SCHROEDER.
- Who are the officers and directors of LANCASTER DOLLARS FOR HIGHER LEARNING?
- The 990 for the year ended September 30, 2025 lists 16 people; 0 received compensation from the organization.
- How much revenue does LANCASTER DOLLARS FOR HIGHER LEARNING have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $498,219, expenses of $413,893 and total assets of $6,990,040 at year end.
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