The Communitys Foundation
- Assets
- $16.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Springfield, PA
- Founding
- 06/1986
- Data as of
- 06/2021
- EIN
- 23-2354770
Organization Overview
The Communitys Foundation is located in Springfield, PA. The organization was established in 1986. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Communitys Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Communitys Foundation 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 06/2021, Communitys Foundation generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (16.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Communitys Foundation has awarded 64 individual grants totaling $758,765. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TCF IS COMMITTED TO ENHANCING AND IMPROVING THE QUALITY OF LIFE IN YOUR COMMUNITY VIA SCHOLARSHIPS, GRANTS, AND COMMUNITY-LED CHARITABLE ENDEAVORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TCF AWARDS GRANTS THROUGH ITS ORGANIZATIONAL BUDGET AND THROUGH DONOR ADVISED AND COMMUNITY ADVISED FUNDS. TCF SERVES AS A FISCAL SPONSOR FOR COMMUNITY ADVISED FUNDS, ASSISTING VOLUNTEER-LED GROUPS WITH MARKETING, ADMINISTRATION, DONATION PROCESSING, TREASURY, AND BOOKKEEPING OPERATIONS.
SCHOLARSHIPS TCF AWARDS UNDERGRADUATE SCHOLARSHIPS TO STUDENTS THAT PLAN TO PURSUE A CAREER IN THE HUMAN HEALTH PROFESSIONS; THESE AWARDS ARE FOR $7,000 EACH, PAYABLE 50% FRESHMAN YEAR AND 50% SENIOR YEAR. TCF ALSO ADMINISTERS SCHOLARSHIP PROGRAMS THROUGH DONOR ADVISED FUNDS. THESE AWARDS BENEFIT HIGH SCHOOL AND UNDERGRADUATE STUDENTS. THE SCHOLARSHIP AMOUNTS, CRITERIA, RENEWABILITY, AND SELECTION PROCESSES VARY BY PROGRAM.
TCF HAS VARIOUS COMMUNITY OUTREACH PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Finnegan Executive Director | Officer | 40 | $120,487 |
Kurt J Slenn Chief Financial Officer | Officer | 40 | $57,170 |
Michael E Stewart Chairperson/director | OfficerTrustee | 2 | $0 |
Richard B Raup Vice Chair/director | OfficerTrustee | 1 | $0 |
Melizabeth Naughton-Beck Vice Chair/director | OfficerTrustee | 1 | $0 |
Anthony Mitchell Treasurer/director | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,329 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $804,274 |
| Noncash contributions included in lines 1a–1f | $145,739 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $856,603 |
| Total Program Service Revenue | $0 |
| Investment income | $229,296 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $80,126 |
| Net Gain/Loss on Asset Sales | $248,033 |
| Net Income from Fundraising Events | $11,776 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,435,710 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $387,218 |
| Grants and other assistance to domestic individuals. | $153,760 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $197,510 |
| Compensation of current officers, directors, key employees. | $78,222 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,997 |
| Pension plan accruals and contributions | $9,584 |
| Other employee benefits | $52,064 |
| Payroll taxes | $11,035 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,375 |
| Fees for services: Accounting | $21,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,109 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,214 |
| Office expenses | $5,716 |
| Information technology | $6,095 |
| Royalties | $0 |
| Occupancy | $36,906 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,315 |
| Insurance | $9,780 |
| All other expenses | -$9,983 |
| Total functional expenses | $1,121,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $593,683 |
| Pledges and grants receivable | $63,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $38,842 |
| Net Land, buildings, and equipment | $1,662,305 |
| Investments—publicly traded securities | $13,640,567 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,998,397 |
| Accounts payable and accrued expenses | $142,185 |
| Grants payable | $283,500 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,063,158 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $72,945 |
| Other liabilities | $0 |
| Total liabilities | $1,561,788 |
| Net assets without donor restrictions | $13,906,880 |
| Net assets with donor restrictions | $529,729 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,998,397 |
Grants Awarded
Over the last fiscal year, The Communitys Foundation has awarded $195,756 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Boothwyn, PA PURPOSE: operating support | $31,000 |
Media, PA PURPOSE: career development program | $29,100 |
Media, PA PURPOSE: food banks, pandemic | $27,712 |
Media, PA PURPOSE: disabled adult women internship | $15,500 |
Norristown, PA PURPOSE: critical needs for healthy families | $15,000 |
Media, PA PURPOSE: Counseling for incarcerated women | $9,700 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Communitys Foundation has recieved totaling $239.
| Awarding Organization | Amount |
|---|---|
Connelly Foundation West Conshohocken, PA PURPOSE: GENERAL SUPPORT - SDG | $150 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $89 |
Endowment Analysis
| Beg. Balance | $9,887,280 |
| Earnings | $2,420,110 |
| Admin Expense | $525,621 |
| Net Contributions | $6,252 |
| Grants | $95,347 |
| Ending Balance | $11,692,674 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
Community Foundations Of The Hudson Valley Poughkeepsie, NY | $96,104,226 | $20,607,422 |
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Greater Kanawha Valley Foundation Charleston, WV | $329,426,372 | $27,972,481 |
Community Foundation Of Herkimer And Oneida Counties Inc Utica, NY | $207,402,752 | $30,922,448 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
Community Foundation Of Frederick County Maryland Incorporated Frederick, MD | $137,281,850 | $16,443,346 |
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Community Foundation Of Western Pennsylvania And Eastern Ohio Sharon, PA | $123,167,161 | $16,344,885 |
York County Community Foundation York, PA | $208,424,639 | $17,313,520 |
Community Foundation Of The Eastern Shore Inc Salisbury, MD | $144,509,312 | $16,050,496 |
Community Foundation Of Lorain County Elyria, OH | $163,012,004 | $27,165,624 |