The Communitys Foundation
- Assets
- $14.9m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Ridley Park, PA
- Founding
- 06/1986
- Data as of
- 06/2023
- EIN
- 23-2354770
Organization Overview
The Communitys Foundation is located in Ridley Park, 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 06/2023, 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 06/2023, Communitys Foundation generated $1.0m 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 (15.4%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (11.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Communitys Foundation has awarded 73 individual grants totaling $843,576. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TCF IS COMMITTED TO IMPROVING THE QUALITY OF LIFE IN DELCO. TCF CONNECTS VOLUNTEERS AND DONORS TO SUPPORT, GRANTS, PROGRAMS, AND SCHOLARSHIPS THAT CHANGE LIVES IN DELCO.
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 FIELD OF INTEREST FUNDS, AND COMMUNITY 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 |
|---|---|---|---|
Melizabeth Naughton-Beck Chairperson/director | OfficerTrustee | 2 | $0 |
Christina Costanzo Vice Chair/director | OfficerTrustee | 1 | $0 |
Anthony Mitchell Treasurer/director | OfficerTrustee | 2 | $0 |
Mary Powell Secretary/director | OfficerTrustee | 1 | $0 |
Dia Williams Adams Director | Trustee | 1 | $0 |
Michael Dejos Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,099 |
| Related organizations | $0 |
| Government grants | $6,008 |
| All other contributions, gifts, grants, and similar amounts not included above | $724,268 |
| Noncash contributions included in lines 1a–1f | $104,459 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $742,375 |
| Total Program Service Revenue | $0 |
| Investment income | $284,997 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $52,080 |
| Net Gain/Loss on Asset Sales | -$105,866 |
| Net Income from Fundraising Events | $57,405 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,040,482 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $438,851 |
| Grants and other assistance to domestic individuals. | $228,746 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $219,155 |
| Compensation of current officers, directors, key employees. | $91,342 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $153,342 |
| Pension plan accruals and contributions | $10,879 |
| Other employee benefits | $50,390 |
| Payroll taxes | $26,354 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,805 |
| Fees for services: Accounting | $24,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,518 |
| Fees for services: Other | $1,703 |
| Advertising and promotion | $2,924 |
| Office expenses | $7,397 |
| Information technology | $10,160 |
| Royalties | $0 |
| Occupancy | $50,168 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $809 |
| Interest | $6,473 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,786 |
| Insurance | $9,305 |
| All other expenses | $41,552 |
| Total functional expenses | $1,381,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,313 |
| Pledges and grants receivable | $66,500 |
| 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 | $64,895 |
| Net Land, buildings, and equipment | $1,599,274 |
| Investments—publicly traded securities | $13,012,465 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $94,762 |
| Total assets | $14,863,209 |
| Accounts payable and accrued expenses | $109,066 |
| Grants payable | $348,291 |
| Deferred revenue | $87,503 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,010,905 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $94,762 |
| Total liabilities | $1,650,527 |
| Net assets without donor restrictions | $12,446,953 |
| Net assets with donor restrictions | $765,729 |
| 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 | $14,863,209 |
Grants Awarded
Over the last fiscal year, The Communitys Foundation has awarded $162,288 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILY SUPPORT LINE PURPOSE: new security system | $42,788 |
I-LEAD INC PURPOSE: support ACE program | $15,250 |
MATERNITY CARE COALITION PURPOSE: assist underserved women | $15,000 |
EAGLES AUTISM CHALLENGE PURPOSE: general support | $25,000 |
LIBRARY FOUNDATION OF DELCO PURPOSE: wildlife education program | $8,000 |
CHESTER UPLAND YOUTH SOCCER PURPOSE: after-school program | $10,850 |