Civic Intelligence

Foundation for Reading Area Community College

990 • Fiscal year 2016 • EIN 23-2273163

Jul 01, 2015 to Jun 30, 2016 • Filed on Sep 21, 2016

Organization ProfileWWW.RACC.EDU/ABOUT/FOUNDATION.ASPX
P O Box 1706Reading, PA 19603

(610) 607-6239

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

73rd percentile

12%

Higher net margin than 73% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

56th percentile

$190,813

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 14.8% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

93rd percentile

41%

Faster asset growth than 93% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

85th percentile

29%

Faster revenue growth than 85% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets4th percentile

Assets

Up

$15,895,045

Up $4,595,184 (+41%) from 2015

Net Assets

Up

$15,895,045

Up $4,595,184 (+41%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue4th percentileNet Margin73rd percentile

Revenue

Up

$1,291,098

Up $293,732 (+29%) from 2015

Expenses

Up

$1,142,447

Up $172,116 (+18%) from 2015

Net Income

Up

$148,651

Up $121,616 (+450%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2011: $8,301,765Liabilities 2011: $0Net Assets 2011: $8,301,7652011Assets 2012: $8,544,975Liabilities 2012: $0Net Assets 2012: $8,544,9752012Assets 2013: $9,502,431Liabilities 2013: $0Net Assets 2013: $9,502,4312013Assets 2014: $11,020,895Liabilities 2014: $0Net Assets 2014: $11,020,8952014Assets 2015: $11,299,861Liabilities 2015: $0Net Assets 2015: $11,299,8612015Assets 2016: $15,895,045Liabilities 2016: $0Net Assets 2016: $15,895,0452016Assets 2017: $20,042,051Liabilities 2017: $0Net Assets 2017: $20,042,0512017Assets 2018: $21,030,085Liabilities 2018: $0Net Assets 2018: $21,030,0852018Assets 2019: $21,438,462Liabilities 2019: $0Net Assets 2019: $21,438,4622019Assets 2020: $21,281,888Liabilities 2020: $17,400Net Assets 2020: $21,264,4882020Assets 2021: $26,927,388Liabilities 2021: $18,759Net Assets 2021: $26,908,6292021Assets 2022: $24,638,373Liabilities 2022: $0Net Assets 2022: $24,638,3732022Assets 2023: $25,439,059Liabilities 2023: $2,500Net Assets 2023: $25,436,5592023Assets 2024: $28,950,000Liabilities 2024: $700Net Assets 2024: $28,949,3002024Assets 2025: $31,986,764Liabilities 2025: $0Net Assets 2025: $31,986,7642025

Highlighted filing

2016

Assets$15,895,045
Liabilities$0
Net Assets$15,895,045
Open 2016 Filing

Operations Trend

Revenue Growth85th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $889,367Expenses 2011: $492,663Net Income 2011: $396,7042011Revenue 2012: $1,005,936Expenses 2012: $689,297Net Income 2012: $316,6392012Expenses 2013: $983,8872013Revenue 2014: $897,135Expenses 2014: $855,309Net Income 2014: $41,8262014Revenue 2015: $997,366Expenses 2015: $970,331Net Income 2015: $27,0352015Revenue 2016: $1,291,098Expenses 2016: $1,142,447Net Income 2016: $148,6512016Revenue 2017: $5,347,466Expenses 2017: $1,854,929Net Income 2017: $3,492,5372017Revenue 2018: $1,754,724Expenses 2018: $1,648,976Net Income 2018: $105,7482018Revenue 2019: $1,547,276Expenses 2019: $1,951,787Net Income 2019: -$404,5112019Revenue 2020: $1,257,241Expenses 2020: $1,539,184Net Income 2020: -$281,9432020Revenue 2021: $1,932,063Expenses 2021: $1,633,591Net Income 2021: $298,4722021Revenue 2022: $2,074,074Expenses 2022: $1,889,449Net Income 2022: $184,6252022Revenue 2023: $1,876,136Expenses 2023: $1,902,741Net Income 2023: -$26,6052023Revenue 2024: $4,212,353Expenses 2024: $2,988,127Net Income 2024: $1,224,2262024Revenue 2025: $4,109,333Expenses 2025: $3,567,511Net Income 2025: $541,8222025

Highlighted filing

2016

Revenue$1,291,098
Expenses$1,142,447
Net Income$148,651
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Sep 21, 2016
Return Version
2015v2.1
Gross Receipts
$1,342,651
Mission and Program Overview

Mission

The mission of the foundation for reading area community college is to augment and enhance the college's ability to offer affordable, quality educational opportunities to the community.

The mission of the foundation for reading area community college is to augment the college's ability to offer affordable, quality educational opportunities to residents of greater reading and berks county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$10,627,339--
Investments in Publicly Traded Securities-$10,611,277-
Savings and Temporary Cash Investments$522,523$459,959▼ $62,564
Pledges and Grants Receivable$37,583$68,796▲ $31,213
Cash and Non-Interest-Bearing Accounts$112,416$167▼ $112,249
Total Assets$11,299,861$15,895,045▲ $4,595,184
Other Assets Total$0$4,754,846▲ $4,754,846
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$6,093,491$10,805,811▲ $4,712,320
Temporarily Rstr Net Assets$2,791,855$2,867,965▲ $76,110
Unrestricted Net Assets$2,414,515$2,221,269▼ $193,246
Total Net Assets Fund Balance$11,299,861$15,895,045▲ $4,595,184
Total Liabilities and Net Assets / Fund Balance$11,299,861$15,895,045▲ $4,595,184

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$4,629,846--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$11,471,847$358,469▲ $389,036-$12,219,352
2014$6,577,976$5,392,170▼ $400,413-$11,471,847
2013$6,347,666$158,872▲ $72,964-$6,577,976
2012$6,179,645$114,495▲ $53,526-$6,347,666
2011$6,026,087$149,141▲ $6,154-$6,179,645
Compensation and Service Providers
Top Officer Pay56th percentile

Board Members and Trustees

NameTitle
Nora SobottkaChair
Ryan P HottensteinVice-chair
Alexandra GoodmanDirector
Anna D WeitzDirector
Bruce G SmithDirector
Edwin L StockDirector
Gary MoyerDirector
Gust ZogasDirector
James H YocumDirector
Jerome I MarcusDirector
John P WeidenhammerDirector
Jon C ScottDirector
Joseph J SwopeDirector
Paul G OxholmDirector
Peter T EdelmanDirector
Rolf D SchmidtDirector
Ronald L BashoreDirector
Steven M WeidmanDirector
Whitney a Sanders IiDirector
William F BenderDirector
Yvonne Frey OppenheimerDirector
James M ConnorsDirector Through March
Patricia Chase BellDirector Through March
Francis G AcostaDirector Through September
Scott L GruberDirector Through September
Michael E NagelExecutive Director
Katie HannonSecretary
James G Hughes PhdTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,101,283
Program Service Revenue
$0
Investment Income
$218,493
Other Revenue
$-28,678
All Other Contributions
$954,157
Change in Net Assets
$148,651

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,291,098
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$501,089
Total Revenue per Audited Statements
$1,792,187
Total Revenue per Form 990
$1,291,098
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,063,169
Other Expenses$79,278
Total Fundraising Expense$7,863
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,063,169--$1,063,169
Fees for Service Investment Mgmnt Fees$38,216$4,777$4,777$47,770
Fees for Services Accounting$6,720$840$840$8,400
Conferences and Meetings$6,446$806$805$8,057
Other Expenses$637$1,441$1,441$637
Total Functional Expenses$1,126,720$7,864$7,863$1,142,447

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,349,777
Total Expenses per Form 990$1,142,447
Expenses per Audited Statements$1,141,810
Expenses Not Reported on Form 990$207,967
Expenses Not Reported on Financial Statements$637
Other Expense Adjustments$637
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Reading Area Community CollegeReading, PA-Books and Equipment, Scholarships, Works of Art, Arts, Culture and Lectures$1,063,169
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$51,553
Fundraising Gross Income$22,875
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$134,990$11,550$37,125$-25,575
Golf Outing$35,011$11,325$14,428$-3,103
Total Events$170,001$22,875$51,553$-28,678
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

“The bylaws of the foundation were updated during the 2015-2016 fiscal year.”

Form 990, Part VI, Section B, Line 11

“Members of the board are provided the form 990 for review and approval prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Annually the board members are made aware of the policy and are required to submit a signed conflict declaration.”

Form 990, Part VI, Section C, Line 18

“Documents are available upon request.”

Form 990, Part VI, Section C, Line 19

“Minutes, by-laws, annual audit, the 990 and form 1023 are available to be reviewd upon request at the organizations location.”

Filing and Contact Details

Filer

Filer Name
Foundation for Reading Area Community
EIN
23-2273163
Phone
6106076239
Address
P O BOX 1706, READING, PA 19603

Signing Officer

Name
Nora Sobottka
Title
Chair
Phone
6106076239
Signed
2016-09-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nora Sobottka
Formed
1981
Legal Domicile
Pa
Voting Board Members
23
Independent Board Members
23
Employees
0
Volunteers
29

Preparer

Firm
Herbein Company Inc
Address
2763 CENTURY BOULEVARD, READING, PA 19610
Preparer
Linda S Himeback
Phone
6103781175
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The intended use of the endowments is largely to fund scholarships, other approved reading area community college programs and operations.”

PART X, LINE 2:

“In accordance with generally accepted accounting principles, the foundation accounts for uncertain tax positions relative to unrelated business income, if any, as required.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Discounted pledge contributions -637.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Discounted pledge contributions 637.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt27131921
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR THROUGH SEPTEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR THROUGH MARCH
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR THROUGH MARCH
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR THROUGH SEPTEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01981
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0147126
IRS990/FundraisingDirectExpensesAmt051553
IRS990/FundraisingGrossIncomeAmt022875
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt023
IRS990/GrantAmt0180736
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01063169
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01063169
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01342651
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt023
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0218493
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0218493
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt010627339
IRS990/InvestmentsPubTradedSecGrp/EOYAmt010611277
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF THE FOUNDATION FOR READING AREA COMMUNITY COLLEGE IS TO AUGMENT THE COLLEGE'S ABILITY TO OFFER AFFORDABLE, QUALITY EDUCATIONAL OPPORTUNITIES TO RESIDENTS OF GREATER READING AND BERKS COUNTY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt011299861
IRS990/NetAssetsOrFundBalancesEOYAmt015895045
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-28678
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-28678
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0293759
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt04754846
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0HOSPITALITY
IRS990/OtherExpensesGrp/Desc1UNREALIZED PLEDGE CONTR
IRS990/OtherExpensesGrp/FundraisingAmt01441
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01441
IRS990/OtherExpensesGrp/ProgramServicesAmt011532
IRS990/OtherExpensesGrp/ProgramServicesAmt1637
IRS990/OtherExpensesGrp/TotalAmt014414
IRS990/OtherExpensesGrp/TotalAmt1637
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt06093491
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt010805811
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt037583
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt068796
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0NORA SOBOTTKA
IRS990/PriorPeriodAdjustmentsAmt04152774
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0TO AWARD SCHOLARSHIPS AND/OR GRANTS TO FUTURE, PRESENT, AND FORMER STUDENTS OF THE READING AREA COMMUNITY COLLEGE
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0794745
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0794745
IRS990/ProgSrvcAccomActy3Grp/Desc0TO PROVIDE BOOKS AND EQUIPMENT FOR READING AREA COMMUNITY COLLEGE
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt087688
IRS990/ProgSrvcAccomActy3Grp/GrantAmt087688
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0802247
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0902994
IRS990/PYInvestmentIncomeAmt0200014
IRS990/PYOtherExpensesAmt067337
IRS990/PYOtherRevenueAmt0-4895
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt027035
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0970331
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0997366
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0148651
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0522523
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0459959
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01101283
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0802247
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0736721
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0671764
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0736641
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04048656
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0218493
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0200014
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0186271
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0169831
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0161395
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0936004
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0183230
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.57440
IRS990ScheduleA/PublicSupportPY170Pct00.49960
IRS990ScheduleA/PublicSupportTotal170Amt02863388

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,895,045
Liabilities
$0
Net assets
$15,895,045
Revenue
$1,291,098
Expenses
$1,142,447
Net income
$148,651
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.0$0.00$32.0$4.11$3.57$0.54
2024Detailed filing. Detailed filing data is available for this year.$29.0$0.00$28.9$4.21$2.99$1.22
2023Detailed filing. Detailed filing data is available for this year.$25.4$0.00$25.4$1.88$1.90$0.03
2022Detailed filing. Detailed filing data is available for this year.$24.6$0.00$24.6$2.07$1.89$0.18
2021Detailed filing. Detailed filing data is available for this year.$26.9$0.02$26.9$1.93$1.63$0.30
2020Detailed filing. Detailed filing data is available for this year.$21.3$0.02$21.3$1.26$1.54$0.28
2019Detailed filing. Detailed filing data is available for this year.$21.4$0.00$21.4$1.55$1.95$0.40
2018Detailed filing. Detailed filing data is available for this year.$21.0$0.00$21.0$1.75$1.65$0.11
2017Detailed filing. Detailed filing data is available for this year.$20.0$0.00$20.0$5.35$1.85$3.49
2016Detailed filing. Detailed filing data is available for this year.$15.9$0.00$15.9$1.29$1.14$0.15
2015Detailed filing. Detailed filing data is available for this year.$11.3$0.00$11.3$1.00$0.97$0.03
2014Detailed filing. Detailed filing data is available for this year.$11.0$0.00$11.0$0.90$0.86$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.50$0.00$9.50$0.98
2012Summary only. Only limited summary data is available for this year.$8.54$0.00$8.54$1.01$0.69$0.32
2011Summary only. Only limited summary data is available for this year.$8.30$0.00$8.30$0.89$0.49$0.40