Foundation For Pottstown Education

Organization Overview

Foundation For Pottstown Education is located in Pottstown, PA. The organization was established in 1985. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2024, Foundation For Pottstown Education employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Pottstown Education 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 06/2024, Foundation For Pottstown Education generated $469.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $428.2k during the year ending 06/2024. While expenses have increased by 4.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Foundation For Pottstown Education has awarded 22 individual grants totaling $1,863,417. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION WORKS TO SUPPORT OPPORTUNITIES TO FULLY DEVELOP STUDENTS' POTENTIAL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION PROVIDES FUNDS FOR SCHOLARSHIPS, ATHLETIC EQUIPMENT & FACILITIES, BOOKS AND AWARD WINNING ACADEMIC PROGRAMS SUCH AS PEAK (POTTSTOWN EARLY ACTION FOR KINDERGARTEN READINESS) AND DUAL ENROLLMENT AT MONTGOMERY COUNTY COMMUNITY COLLEGE.


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Board, Officers & Key Employees

Name (title)Compensation
Joseph W Rusiewicz II
Executive Di
$100,000
Jenna Armato
Director
$0
Tracey Brown
Director
$0
Joe Cavallo
Treasurer
$0
Gregory Glenn
Director
$0
Chris Golden
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$12,550
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$424,861
Noncash contributions included in lines 1a–1f $907
Total Revenue from Contributions, Gifts, Grants & Similar$437,411
Total Program Service Revenue$0
Investment income $35,303
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$5,376
Net Income from Fundraising Events $1,825
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $469,263

Grants Awarded

Over the last fiscal year, Foundation For Pottstown Education has awarded $136,272 in support to 2 organizations.

Grant RecipientAmount

MONTGOMERY COUNTY COMMUNITY COLLEGE

PURPOSE: EARLY COLLEGE PROG

$31,242

POTTSTOWN SCHOOL DISTRICT

PURPOSE: VARIOUS PROGRAM SUPP

$105,030
View Grant Profile

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