Civic Intelligence

Chester County Community Foundation Inc.

990 • Fiscal year 2018 • EIN 23-2773822

Jul 01, 2017 to Jun 30, 2018 • Filed on Aug 29, 2018

28 West Market StreetWest Chester, PA 19382

(610) 696-8211

Siviq Scores

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

Liabilities / Assets

28th percentile

0.10x

Higher debt load relative to assets than 28% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

66th percentile

0.69x

Higher debt load relative to revenue than 66% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Net Margin

92nd percentile

53%

Higher net margin than 92% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

15th percentile

$168,930

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Asset Growth

75th percentile

9.8%

Faster asset growth than 75% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

89th percentile

50%

Faster revenue growth than 89% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Assets

Up

$57,970,876

Up $5,157,651 (+9.8%) from 2017

Net Assets

Up

$52,166,244

Up $4,842,015 (+10%) from 2017

Liabilities

Up

$5,804,632

Up $315,636 (+5.8%) from 2017

Revenue

Up

$8,470,700

Up $2,836,941 (+50%) from 2017

Expenses

Up

$4,008,719

Up $248,286 (+6.6%) from 2017

Net Income

Up

$4,461,981

Up $2,588,655 (+138%) from 2017

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2011: $32,244,980Liabilities 2011: $3,115,197Net Assets 2011: $29,129,7832011Assets 2012: $32,493,872Liabilities 2012: $3,162,115Net Assets 2012: $29,331,7572012Assets 2013: $39,530,395Liabilities 2013: $3,427,704Net Assets 2013: $36,102,6912013Assets 2014: $47,552,823Liabilities 2014: $4,279,686Net Assets 2014: $43,273,1372014Assets 2015: $48,508,595Liabilities 2015: $5,364,245Net Assets 2015: $43,144,3502015Assets 2016: $46,696,243Liabilities 2016: $5,007,306Net Assets 2016: $41,688,9372016Assets 2017: $52,813,225Liabilities 2017: $5,488,996Net Assets 2017: $47,324,2292017Assets 2018: $57,970,876Liabilities 2018: $5,804,632Net Assets 2018: $52,166,2442018Assets 2019: $64,791,228Liabilities 2019: $6,421,112Net Assets 2019: $58,370,1162019Assets 2020: $69,411,798Liabilities 2020: $6,356,864Net Assets 2020: $63,054,9342020Assets 2021: $91,764,111Liabilities 2021: $8,273,141Net Assets 2021: $83,490,9702021Assets 2022: $86,163,241Liabilities 2022: $6,824,725Net Assets 2022: $79,338,5162022Assets 2023: $103,228,321Liabilities 2023: $7,027,411Net Assets 2023: $96,200,9102023Assets 2025: $136,202,115Liabilities 2025: $9,034,741Net Assets 2025: $127,167,3742025

Highlighted filing

2018

Assets$57,970,876
Liabilities$5,804,632
Net Assets$52,166,244

Operations Trend

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

$30M$20M$10M$0Revenue 2011: $6,950,067Expenses 2011: $2,504,427Net Income 2011: $4,445,6402011Revenue 2012: $4,956,990Expenses 2012: $2,872,141Net Income 2012: $2,084,8492012Revenue 2013: $10,174,126Expenses 2013: $2,833,778Net Income 2013: $7,340,3482013Revenue 2014: $6,889,209Expenses 2014: $3,732,548Net Income 2014: $3,156,6612014Revenue 2015: $6,164,958Expenses 2015: $3,368,879Net Income 2015: $2,796,0792015Revenue 2016: $5,283,404Expenses 2016: $3,711,384Net Income 2016: $1,572,0202016Revenue 2017: $5,633,759Expenses 2017: $3,760,433Net Income 2017: $1,873,3262017Revenue 2018: $8,470,700Expenses 2018: $4,008,719Net Income 2018: $4,461,9812018Revenue 2019: $11,022,747Expenses 2019: $4,790,761Net Income 2019: $6,231,9862019Revenue 2020: $10,391,723Expenses 2020: $4,524,327Net Income 2020: $5,867,3962020Revenue 2021: $17,661,359Expenses 2021: $9,662,491Net Income 2021: $7,998,8682021Revenue 2022: $21,195,715Expenses 2022: $8,001,365Net Income 2022: $13,194,3502022Revenue 2023: $20,699,529Expenses 2023: $8,621,620Net Income 2023: $12,077,9092023Revenue 2025: $21,125,233Expenses 2025: $8,863,509Net Income 2025: $12,261,7242025

Highlighted filing

2018

Revenue$8,470,700
Expenses$4,008,719
Net Income$4,461,981
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Aug 29, 2018
Return Version
2017v2.3
Gross Receipts
$19,893,301
Mission and Program Overview

Mission

The chester county community foundation connects people who care with the causes that matter, so their philanthropy makes a difference now and forever.

The foundation has been established to maintain and improve the quality of life in the chester county, pa region. The foundation collects and distributes funds to assist education, health and human services, literacy, the arts and sciences, community revitalization and the environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$40,696,655$46,957,407▲ $6,260,752
Savings and Temporary Cash Investments$5,788,928$5,232,377▼ $556,551
Investments Other Securities$5,581,409$5,120,144▼ $461,265
Land, Buildings, and Equipment, Net$381,825$351,897▼ $29,928
Other Notes and Loans Receivable, Net$264,119$250,000▼ $14,119
Pledges and Grants Receivable$71,171$34,013▼ $37,158
Prepaid Expenses and Deferred Charges$23,277$24,715▲ $1,438
Accounts Receivable$5,458--
Cash and Non-Interest-Bearing Accounts$383$323▼ $60
Total Assets$52,813,225$57,970,876▲ $5,157,651
Liabilities
Other Liabilities$5,421,884$5,657,484▲ $235,600
Accounts Payable and Accrued Expenses$67,112$147,148▲ $80,036
Total Liabilities$5,488,996$5,804,632▲ $315,636
Net Assets / Fund Balance
Unrestricted Net Assets$47,253,058$52,132,231▲ $4,879,173
Temporarily Rstr Net Assets$71,171$34,013▼ $37,158
Total Net Assets Fund Balance$47,324,229$52,166,244▲ $4,842,015
Total Liabilities and Net Assets / Fund Balance$52,813,225$57,970,876▲ $5,157,651

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$286,481$434,167$720,648
Equipment$15,416$106,632$122,048
Land$50,000-$50,000
Other Securities$820,221--
Closely Held Equity Interests$285,384--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$32,106,091$3,349,848▲ $2,009,335-$35,538,904
2016$29,076,579$1,296,447▲ $3,364,879-$32,106,091
2015$29,604,528$1,819,141▼ $605,881-$29,076,579
2014$29,653,897$1,837,733▼ $221,871-$29,604,528
2013$24,808,602$1,776,092▲ $3,761,886-$29,653,897
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen SimmonsPresident/ceFT$150,527$18,403$168,930
Karen SimmonsPresident/CEO-$150,527$18,403$168,930
Revenue and Support

Revenue Composition

Contributions and Grants
$5,811,577
Program Service Revenue
$54,649
Investment Income
$2,661,780
Other Revenue
$-57,306
All Other Contributions
$5,748,352
Change in Net Assets
$4,461,981

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded36$1,838,124Quoted Market Price
Securities Closely Held Stock4$174,064Independent Business Valu
Other Non Cash Contri Table12$36,000Retail Value
Other Non Cash Contri Table14$11,505Retail Value
Total Noncash Contributions66$2,059,693-

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,470,700
Revenue Not Reported on Form 990
$441,380
Total Revenue per Audited Statements
$8,912,080
Total Revenue per Form 990
$8,470,700
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,406,765
Other Expenses$925,370
Salaries, Compensation, and Employee Benefits$676,584
Total Fundraising Expense$37,619
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,977,308--$1,977,308
Grants to Domestic Individuals$424,457--$424,457
Other Salaries and Wages$314,278$73,708$10,068$398,054
Fees for Service Investment Mgmnt Fees$227,872--$227,872
Current Officers, Directors, Trustees, and Key Employees$109,497$39,106$7,821$156,424
All Other Expenses$62,278$12,531$2,051$76,860
Payroll Taxes$35,972$9,576$1,519$47,067
Other Employee Benefits$31,777$8,460$1,341$41,578
Fees for Services Other$20,516$12,566$5,515$38,597
Information Technology$29,240$6,252$992$36,484
Depreciation Depletion$26,238$6,985$1,108$34,331
Pension Plan Contributions$25,573$6,808$1,080$33,461
Fees for Services Accounting$7,585$16,112$137$23,834
Insurance$1,917$18,006-$19,923
Other Expenses$12,993$3,459$548$17,000
Occupancy$11,657$1,154$183$12,994
Office Expenses$7,015$1,373$790$9,178
Advertising$6,003$346$55$6,404
Foreign Grants$5,000--$5,000
Travel$3,628$781$124$4,533
Conferences and Meetings$835$223$35$1,093
Total Functional Expenses$3,731,351$239,749$37,619$4,008,719

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,070,065
Expenses per Audited Statements$4,008,719
Total Expenses per Form 990$4,008,719
Expenses Not Reported on Form 990$61,346
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
OtherGlendora, NJ501(c)Education$259,985
Family Lives onExton, PA501(c)Human Services$110,000
Wharton Esherick MuseumNewtown Square, PA501(c)Religion$102,477
Ymca of Greater BrandywinePrescott, AZ501(c)Human Services$81,538
West Chester University FoundationElverson, PA501(c)Arts & Culture$68,713
Chester County Fund for Wom & GirlsWest Chester, PA501(c)Human Services$58,683
Chester County FuturesExton, PA501(c)Human Services$46,040
CINCINNATI CHILDREN'S HOSPITAL MEDICincinnati, OH501(c)Health$40,000
Community Volunteers in MedicineWest Chester, PA501(c)Health$38,130
Safe HarborWest Chester, PA501(c)Human Services$37,875
Good WorksCoatesville, PA501(c)Human Services$37,144
Friends Association for Care & ProWest Chester, PA501(c)Human Services$37,000
Chester County 2020Lyndell, PA501(c)Environmental$35,553
West Chester Area Senior CenterWest Chester, PA501(c)Arts & Culture$32,500
Phoenixville Community Edu FndtnWest Chester, PA501(c)Human Services$28,153
Chester County Historical SocietyWest Chester, PA501(c)Arts & Culture$26,000
Petra Community HousingPhiladelphia, PA501(c)Arts & Culture$25,536
Cabrini CollegeRadnor, PA501(c)Education$25,250
CRIME VICTIMS' CENTER OF CHESTER COWest Chester, PA501(c)Human Services$25,000
John J Tyler ArboretumMedia, PA501(c)Environmental$25,000
San Jose State Spartan FoundationNew York, NY501(c)Human Services$25,000
Villanova UniversityWest Chester, PA501(c)Human Services$20,910
West Chester Downtown FoundationWest Chester, PA501(c)Human Services$20,000
Westtown SchoolPaoli, PA501(c)Arts & Culture$19,800
Stroud Water Research CtrExton, PA501(c)Human Services$19,000
Chester County Hospital FoundationWest Chester, PA501(c)Health$18,577
West Chester Food CupboardWest Chester, PAGovEducation$18,500
Kennett Area Senior CenterKennett Square, PA501(c)Human Services$18,417
Salvation Army of Greater West CheSan Jose, CA501(c)Education$16,077
Riddle Health Care FoundationWest Chester, PA501(c)Human Services$15,327
Hope Springs Equestrian TherapyMalvern, PA501(c)Health$15,000
Mann Center for the Performing ArtsPhiladelphia, PA501(c)Arts & Culture$15,000
Napa Valley College FoundationNapa, CA501(c)Education$15,000
Partners in OutreachExton, PA501(c)Human Services$15,000
Philadelphia Orchestra AssocPhiladelphia, PA501(c)Human Services$15,000
Team CmmdAvondale, PA501(c)Education$15,000
La Comunidad HispanaKennett Square, PA501(c)Human Services$14,900
Community CoalitionPhoenixville, PA501(c)Human Services$14,086
Friends of West Chester Parks and RWest Chester, PA501(c)Arts & Culture$13,968
Jesuit Missions IncNew York, NY501(c)Religion$13,960
Art Partners StudioCoatesville, PA501(c)Arts & Culture$13,835
Brandywine Baptist ChurchChadds Ford, PA501(c)Religion$13,077
Kendal Crosslands CommunityKennett Square, PA501(c)Human Services$13,077
Willistown Friends MeetingPhiladelphia, PA501(c)Health$13,077
Kennett FlashKennett Square, PA501(c)Human Services$13,000
Pennsylvania Home of theSpring City, PA501(c)Human Services$12,100
ST TIMOTHY'S SCHOOLAvondale, PA501(c)Environmental$12,000
United Way of Sou Chester CountyVillanova, PA501(c)Education$11,849
Wistar InstituteWest Chester, PA501(c)Human Services$11,579
Communities That Care of Greater DoExton, PA501(c)Human Services$11,400
KutztownuniversityKutztown, PA501(c)Education$10,872
Andrew L Hicks Jr FoundationWest Chester, PA501(c)Human Services$10,500
Tick Tock Early Learning CenterKennett Square, PA501(c)Human Services$10,500
Chester County LibraryExton, PA501(c)Human Services$10,324
Calvary Chapel of Delaware CountyChadds Ford, PA501(c)Religion$10,000
Chester County Food BankExton, PA501(c)Human Services$10,000
Community Warehouse Project of ChesWest Chester, PA501(c)Human Services$10,000
Earlham CollegeRichmond, IN501(c)Education$10,000
Horse Power for LifeGlenmoore, PA501(c)Human Services$10,000
Lycoming CollegeWilliamsport, PA501(c)Education$10,000
Pa State Police Camp Cadet of ChestPaoli, PA501(c)Health$10,000
Philadelphia Ronald Mcdonald HousePhoenixville, PA501(c)Education$10,000
Self Help Africa IncStevenson, MD501(c)Education$10,000
West Nantmeal Township Historical CWest Chester, PA501(c)Education$10,000
Parkesburg LibraryChester Springs, PA501(c)Human Services$9,405
Atlantic Salmon FederationCalais, ME501(c)Environmental$9,318
Volunteer English ProgramWest Chester, PA501(c)Human Services$9,000
Young LifeAshburn, VA501(c)Human Services$9,000
Kennett Symphony of Chester CountyKennett Square, PA501(c)Arts & Culture$8,665
Oxford Area Neighborhood ServicesAvondale, PA501(c)Human Services$8,500
American Cancer Society-ecdPhiladelphia, PA501(c)Health$8,337
Paoli Hospital FoundationParkesburg, PA501(c)Education$8,000
Association for the Colonial TheatrPhoenixville, PA501(c)Arts & Culture$7,482
Council on FoundationsBaltimore, MD501(c)Human Services$7,300
Coatesville Area Senior CenterCoatesville, PA501(c)Human Services$7,200
Boys Scouts of America Chester CoWest Chester, PA501(c)Human Services$7,000
LORD'S PANTRY OF DOWNINGTOWNDowningtown, PA501(c)Human Services$7,000
Otho Davis Scholarship FoundationOxford, PA501(c)Human Services$7,000
Kennett Area Park AuthorityKennett Square, PA501(c)Human Services$6,793
Act in Faith of Greater West ChesteWest Chester, PA501(c)Religion$6,500
Friends Home in Kennett SquareKennett Sqaure, PA501(c)Human Services$6,000
Good Neighbors Home RepairKennett Square, PA501(c)Human Services$6,000
Lundale FarmPhiladelphia, PA501(c)Environmental$6,000
Young Life Capital RegionSoutheastern, PA501(c)Human Services$6,000
Young Life of Liberty RegionSoutheastern, PA501(c)Human Services$6,000
Young Life of Liberty RegionRichmond, VA501(c)Human Services$6,000
Young Life of Richmond-west EndKennett Square, PA-Human Services$6,000
Young Life of So Chester County---$6,000
Priority One FoundationMedia, PA501(c)Health$5,625
Historic Kennett SquareKennett Square, PA501(c)Arts & Culture$5,500
Camp DreamcatcherKennett Square, PA501(c)Human Services$5,250
Maternal & Child Health ConsortiumWest Chester, PA501(c)Health$5,100
Habitat for Humanity of Chester CoCoatesville, PA501(c)Human Services$5,044
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$61,346
Fundraising Gross Income$4,040
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Sweet Charity$58,265$4,040$13,675$-9,635
Total Events$58,265$4,040$61,346$-57,306
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Endowments on Deposit$5,454,131
Annuity Payable$203,353
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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, Page 6, Part VI, Line 11B

The foundation's finance committee is responsible for detailed review and approval of the 990. The 990 is then reviewed and approved by the board members at the board meeting.

Form 990, Page 6, Part VI, Line 12C

Conflict of interest policy disclosed in employee personnel manual. Annual disclosures required of board of directors and employees.

Form 990, Page 6, Part VI, Line 15A

The president's compensation review and approval is conducted by the board of directors executive committee. The president oversees the compensation review of all staff.

Form 990, Page 6, Part VI, Line 19

Governing documents disclosure explanation upon request

Filing and Contact Details

Filer

Filer Name
Chester County Community Foundation
EIN
23-2773822
Phone
6106968211
Address
28 WEST MARKET STREET, WEST CHESTER, PA 19382

Signing Officer

Name
Karen Simmons
Title
President/CEO
Phone
6106968211
Signed
2018-08-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Simmons
Formed
1994
Legal Domicile
Pa
Voting Board Members
19
Independent Board Members
19
Employees
22
Volunteers
180

Preparer

Firm
Umbreit Korengel & Associates Pc
Address
714 E BALTIMORE PIKE, KENNETT SQUARE, PA 19348
Preparer
Kathleen a Wileczek CPA
Phone
6104443222
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The foundation has been established for the purpose of maintaining and improving the quality of life principally in the chester county, pa region. The foundation collects and distributes funds to assist a wide range of community needs that include education, health and human services, the arts and sciences, community revitalization, and the environment. Revenues are principally derived from individuals who have discretionary resources and are concerned with the future of the chester county region, not-for-profit agency endowments, and giving programs from major regional and national funders who are interested in investing in the chester county region. The foundation makes contributions to charitable organizations, maintains endowments, builds citizen leadership, and develops financial resources to support issues that are important to the chester county, pa region. It is the foundation's intent to invest in activities that will help the chester county community, anticipate and avoid future problems as well as seek solutions to exisitng needs.

Form 990, Part XI, Line 9

Direct costs of fundraising events 61,346 direct costs of fundraising events -61,346

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

An endowment fund is an established fund of cash, securities or other assets to provide income for the maintenance of the foundation. The use of the assets of the fund may be permanently restricted, temporarily restricted or unrestricted. Endowment funds are generally established by donor restricted gifts and bequests.

Schedule D, Page 4, Part XI, Line 2D

Direct costs of fundraising events 61,346

Schedule D, Page 4, Part XII, Line 2D

Direct costs of fundraising events 61,346

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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$136$9.03$127$21.1$8.86$12.3
2023Summary only. Only limited summary data is available for this year.$103$7.03$96.2$20.7$8.62$12.1
2022Summary only. Only limited summary data is available for this year.$86.2$6.82$79.3$21.2$8.00$13.2
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$91.8$8.27$83.5$17.7$9.66$8.00
2020Summary only. Only limited summary data is available for this year.$69.4$6.36$63.1$10.4$4.52$5.87
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$64.8$6.42$58.4$11.0$4.79$6.23
2018Detailed filing. Detailed filing data is available for this year.$58.0$5.80$52.2$8.47$4.01$4.46
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.8$5.49$47.3$5.63$3.76$1.87
2016Summary only. Only limited summary data is available for this year.$46.7$5.01$41.7$5.28$3.71$1.57
2015Summary only. Only limited summary data is available for this year.$48.5$5.36$43.1$6.16$3.37$2.80
2014Summary only. Only limited summary data is available for this year.$47.6$4.28$43.3$6.89$3.73$3.16
2013Summary only. Only limited summary data is available for this year.$39.5$3.43$36.1$10.2$2.83$7.34
2012Summary only. Only limited summary data is available for this year.$32.5$3.16$29.3$4.96$2.87$2.08
2011Summary only. Only limited summary data is available for this year.$32.2$3.12$29.1$6.95$2.50$4.45
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $50M-$100M nonprofits