4udrew
- Assets
- $373.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Doylestown, PA
- Founding
- 10/2008
- Data as of
- 12/2021
- EIN
- 20-8119655
Organization Overview
4udrew is located in Doylestown, PA. The organization was established in 2008. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 4udrew is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, 4udrew generated $31.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $16.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION WAS ESTABLISHED IN THE MEMORY OF DREW PANETTIERI TO SUPPORT THE CHARITIES THAT DREW WAS INVOLVED IN DURING HIS HIGH SCHOOL AND COLLEGE YEARS. THE FOUNDATION IS DEDICATED TO RAISING FUNDS TO SUPPORT AREA ORGANIZATIONS THAT MEET THE BASIC HUMAN NEED OF HUNGER, AS WELL AS ENDOW INDIVIDUALS WHO WISH TO FURTHER THEIR EDUCATION AT HIGHER INSTITUTIONS OF LEARNING.
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION COLLECTS FUNDS TO SUPPORT CHARITABLE ORGANIZATIONS THAT MEET THE BASIC HUMAN NEED OF HUNGER FOR LESS FORTUNATE INDIVIDUALS LOCATED IN THE GREATER PHILADELPHIA AREA.
THE FOUNDATION SPONSORS THE DREW PANETTIERI SCHOLARSHIP AWARD AT LA SALLE COLLEGE HIGH SCHOOL. THE SCHOLARSHIP IS AWARDED TO RECIPIENTS IN RECOGNITION OF THEIR STRONG SCHOLASTIC RECORD AND EXCEPTIONAL DEDICATION TO SCHOOL AND COMMUNITY SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Panettieri Board Member | 2 | $0 | |
Robert Mcdoniel Vice President | 3 | $0 | |
Meg Kennedy Board Member | 2 | $0 | |
Ben Borgeson Board Member | 2 | $0 | |
Rich Panettieri Board Member | 2 | $0 | |
Heather Mcdoniel President/treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,224 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $11,611 |
| Gain or Loss | $16,963 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,656 |
| Total Revenue | $31,454 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $882 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $320 |
| Total expenses | $16,762 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,755 |
| Other assets | $0 |
| Total assets | $373,019 |
| Total liabilities | $0 |
| Net assets or fund balances | $373,019 |
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