Civic Intelligence

Foundation for Reading Area Community College

990 • Fiscal year 2023 • EIN 23-2273163

Jul 01, 2022 to Jun 30, 2023 • Filed on Sep 12, 2023

Organization ProfileWWW.RACC.EDU/ABOUT/FOUNDATION.ASPX
PO Box 1706Reading, PA 19603-1706

(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

Higher debt load relative to assets than 4% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

4th percentile

0.00x

Higher debt load relative to revenue than 4% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

32nd percentile

-1.4%

Higher net margin than 32% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

45th percentile

$238,192

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 12.7% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

39th percentile

3.2%

Faster asset growth than 39% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

24th percentile

-9.5%

Faster revenue growth than 24% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets4th percentile

Assets

Up

$25,439,059

Up $800,686 (+3.2%) from 2022

Net Assets

Up

$25,436,559

Up $798,186 (+3.2%) from 2022

Liabilities

Up

$2,500

Up $2,500 from 2022

Revenue And Expenses
Liabilities / Revenue4th percentileNet Margin32nd percentile

Revenue

Down

$1,876,136

Down $197,938 (-9.5%) from 2022

Expenses

Up

$1,902,741

Up $13,292 (+0.7%) from 2022

Net Income

Down

-$26,605

Down $211,230 (-114%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth39th 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

2023

Assets$25,439,059
Liabilities$2,500
Net Assets$25,436,559
Open 2023 Filing

Operations Trend

Revenue Growth24th 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

2023

Revenue$1,876,136
Expenses$1,902,741
Net Income-$26,605
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Sep 12, 2023
Return Version
2022v5.0
Gross Receipts
$1,961,595
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.

To raise, invest and manage private funds for the benefit of the college

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$13,083,439$13,349,014▲ $265,575
Savings and Temporary Cash Investments$1,150,591$1,870,317▲ $719,726
Accounts Receivable$343,280$0▼ $343,280
Pledges and Grants Receivable$353,693$266,145▼ $87,548
Cash and Non-Interest-Bearing Accounts$11,057$10,669▼ $388
Total Assets$24,638,373$25,439,059▲ $800,686
Other Assets Total$9,696,313$9,942,914▲ $246,601
Liabilities
Deferred Revenue-$2,500-
Total Liabilities$0$2,500▲ $2,500
Net Assets / Fund Balance
Net Assets With Donor Restrictions$22,211,163$22,899,998▲ $688,835
Net Assets Without Donor Restrictions$2,427,210$2,536,561▲ $109,351
Total Net Assets Fund Balance$24,638,373$25,436,559▲ $798,186
Total Liabilities and Net Assets / Fund Balance$24,638,373$25,439,059▲ $800,686

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$9,942,914--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$19,180,827$240,427▲ $419,140$52,114$19,788,280
2021$19,026,408$860,229▼ $653,949$51,861$19,180,827
2020$16,007,077$142,472▲ $2,924,733$47,874$19,026,408
2019$16,147,718$71,106▼ $164,262$47,485$16,007,077
2018$15,462,032$97,647▲ $652,671$64,632$16,147,718
Compensation and Service Providers
Top Officer Pay45th percentile

Board Members and Trustees

NameTitle
Gary M MoyerChair
Mary M PalmerVice-chair
Michael E NagelVice President Emeritus (non-voting)
Becky ShemanskiDirector
Eric G BurkeyDirector
Gary W RightmireDirector
Gust ZogasDirector
Jerome I MarcusDirector
Jill HackmanDirector
Katie B HannonDirector
Kristi Gage-lindermanDirector
Maryanne Post BellDirector
Michael J NoonDirector
Paul G OxholmDirector
Peter T EdelmanDirector
Steven a EhrlichDirector
Susan D LooneyDirector
Virginia RushDirector
William F BenderDirector
Peter RowleyDirector as of Dec
Alexandra GoodmanDirector as of July
Daniel B Laws JrDirector as of July
Sandra FochtDirector as of July
Sharon WhiteDirector as of July
Whitney a Sanders IiDirector Through Dec
Roger J SchmidtDirector Through June
Sean WyandtDirector Through June
Paul D CohnDirector Through Sept
Anthony DemarcoExecutive Director
Ryan P HottensteinAssistant Treasurer
Craig M PerrottySecretary
Charles FiresStudent Rep as of March
Rebecca a IannelliTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,613,608
Program Service Revenue
$0
Investment Income
$262,232
Other Revenue
$296
All Other Contributions
$1,479,448
Change in Net Assets
$-26,605

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,805,245
Revenue Not Reported on Financial Statements
$70,891
Revenue Not Reported on Form 990
$1,237,531
Total Revenue per Audited Statements
$3,042,776
Total Revenue per Form 990
$1,876,136
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,781,656
Other Expenses$121,085
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,320,174--$1,320,174
Grants to Domestic Orgs$461,482--$461,482
Fees for Service Investment Mgmnt Fees$71,392--$71,392
Other Expenses$14,188--$14,188
Fees for Services Accounting$12,250--$12,250
Advertising$7,030--$7,030
Fees for Services Legal$401--$401
Total Functional Expenses$1,902,741$0$0$1,902,741

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,244,590
Total Expenses per Form 990$1,902,741
Expenses per Audited Statements$1,831,850
Expenses Not Reported on Form 990$412,740
Expenses Not Reported on Financial Statements$70,891
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Reading Area Community CollegeReading, PA-Books and Equipment, Works of Art, Arts, Culture and Lectures, Science of Success Lab Campaign, Healthcare Pavilion Campaign$461,482
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$85,755
Fundraising Direct Expenses$85,459
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$103,780$25,905$7,017$18,888
Miller Center Gala$66,135$9,850$21,715$-11,865
Total Events$169,915$35,755$85,459$-49,704
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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 B, Line 11B

“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 B, Line 15A

“Compensation for the foundation's executive director is approved and paid by the related organization, reading area community college.”

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 reviewed upon request at the organizations location.”

Filing and Contact Details

Filer

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

Signing Officer

Name
Rebecca Iannelli
Title
Treasurer
Phone
6106076239
Signed
2023-09-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rebecca Iannelli
Formed
1981
Legal Domicile
Pa
Voting Board Members
27
Independent Board Members
27
Employees
0
Volunteers
32

Preparer

Firm
Herbein Company Inc
Address
2763 CENTURY BOULEVARD, READING, PA 19610
Preparer
Linda S Himeback CPA
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, if any, as required.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm14KATIE B HANNON
IRS990/Form990PartVIISectionAGrp/PersonNm15DANIEL B LAWS JR
IRS990/Form990PartVIISectionAGrp/PersonNm16SUSAN D LOONEY
IRS990/Form990PartVIISectionAGrp/PersonNm17JEROME I MARCUS
IRS990/Form990PartVIISectionAGrp/PersonNm18MICHAEL J NOON
IRS990/Form990PartVIISectionAGrp/PersonNm19PAUL G OXHOLM
IRS990/Form990PartVIISectionAGrp/PersonNm20MARYANNE POST BELL
IRS990/Form990PartVIISectionAGrp/PersonNm21GARY W RIGHTMIRE
IRS990/Form990PartVIISectionAGrp/PersonNm22PETER ROWLEY
IRS990/Form990PartVIISectionAGrp/PersonNm23VIRGINIA RUSH
IRS990/Form990PartVIISectionAGrp/PersonNm24WHITNEY A SANDERS II
IRS990/Form990PartVIISectionAGrp/PersonNm25ROGER J SCHMIDT
IRS990/Form990PartVIISectionAGrp/PersonNm26BECKY SHEMANSKI
IRS990/Form990PartVIISectionAGrp/PersonNm27SHARON WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm28SEAN WYANDT
IRS990/Form990PartVIISectionAGrp/PersonNm29GUST ZOGAS
IRS990/Form990PartVIISectionAGrp/PersonNm30CHARLES FIRES
IRS990/Form990PartVIISectionAGrp/PersonNm31MICHAEL E NAGEL
IRS990/Form990PartVIISectionAGrp/PersonNm32ANTHONY DEMARCO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
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/ReportableCompFromOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt320
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/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt32165411
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3ASSISTANT TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR THROUGH SEPT
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR AS OF JULY
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR AS OF JULY
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR AS OF JULY
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR AS OF DEC
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR THROUGH DEC
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR THROUGH JUNE
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR AS OF JULY
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR THROUGH JUNE
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30STUDENT REP AS OF MARCH
IRS990/Form990PartVIISectionAGrp/TitleTxt31VICE PRESIDENT EMERITUS (NON-VOTING)
IRS990/Form990PartVIISectionAGrp/TitleTxt32EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01981
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0134160
IRS990/FundraisingDirectExpensesAmt085459
IRS990/FundraisingGrossIncomeAmt085755
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt027
IRS990/GrantAmt0371379
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01320174
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01320174
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0461482
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0461482
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01961595
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt027
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0262232
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0262232
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt013083439
IRS990/InvestmentsPubTradedSecGrp/EOYAmt013349014
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 AND ENHANCE THE COLLEGE'S ABILITY TO OFFER AFFORDABLE, QUALITY EDUCATIONAL OPPORTUNITIES TO THE COMMUNITY.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0296
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IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02427210
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02536561
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt09696313
IRS990/OtherAssetsTotalGrp/EOYAmt09942914
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SCHOLARSHIP DINNER
IRS990/OtherExpensesGrp/Desc1HOSPITALITY
IRS990/OtherExpensesGrp/ProgramServicesAmt015824
IRS990/OtherExpensesGrp/ProgramServicesAmt114188
IRS990/OtherExpensesGrp/TotalAmt015824
IRS990/OtherExpensesGrp/TotalAmt114188
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0353693
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0266145
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0REBECCA IANNELLI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0TO AWARD SCHOLARSHIPS AND/OR GRANTS TO FUTURE, PRESENT, AND FORMER STUDENTS OF THE READING AREA COMMUNITY COLLEGE
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01391065
IRS990/ProgSrvcAccomActy2Grp/GrantAmt01320174
IRS990/ProgSrvcAccomActy3Grp/Desc0TO PROVIDE BOOKS AND EQUIPMENT FOR READING AREA COMMUNITY COLLEGE
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt090103
IRS990/ProgSrvcAccomActy3Grp/GrantAmt090103
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01915969
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01756212
IRS990/PYInvestmentIncomeAmt0205497
IRS990/PYOtherExpensesAmt0133237

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,439,059
Liabilities
$2,500
Net assets
$25,436,559
Revenue
$1,876,136
Expenses
$1,902,741
Net income
-$26,605
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