The Greater Pottstown Foundation
- Assets
- $1.2m
- Revenue
- $51.0k
- Investments
- $1.1m
- Employees
- 0
- Location
- Pottstown, PA
- Founding
- 07/1990
- Data as of
- 12/2023
- EIN
- 23-2568998
Organization Overview
The Greater Pottstown Foundation is located in Pottstown, PA. The organization was established in 1990. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Pottstown 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 12/2023, Greater Pottstown Foundation generated $51.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $86.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Greater Pottstown Foundation has awarded 76 individual grants totaling $665,688. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Prince Chairman | 4 | $0 | |
Patricia Crossen Trustee | 1 | $0 | |
Anthony Giamo Trustee | 0 | $0 | |
Chris Webb Heidenreich Trustee | 0 | $0 | |
George C Bell Trustee | 0 | $0 | |
Gregory Bell Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $195 |
| Interest on Savings | $0 |
| Dividends & Interest | $40,909 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,868 |
| Capital Gain Net Income | $9,868 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,972 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,234 |
| Depreciation | $1,227 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,552 |
| Total operating and administrative expenses | $27,984 |
| Contributions, gifts, grants paid | $58,855 |
| Total expenses and disbursements | $86,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,292 |
| Savings and temporary cash investments | $107,934 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $465,089 |
| Net Land, buildings, and equipment | $3,168 |
| Other assets | $0 |
| Total assets | $1,205,268 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $15,923 |
| Total liabilities | $15,923 |
Grants Awarded
Over the last fiscal year, The Greater Pottstown Foundation has awarded $58,855 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ARTFUSION 19464 PURPOSE: PROGRAM SUPPORT | $23,855 |
COLLEGE OF CHARLESTON PURPOSE: SCHOLARSHIP | $11,250 |
CORNELL UNIVERSITY PURPOSE: SCHOLARSHIP | $7,500 |
WEST CHESTER UNIVERSITY PURPOSE: SCHOLARSHIP | $7,500 |
SHIPPENSBURG UNIVERSITY PURPOSE: SCHOLARSHIP | $3,750 |
NORTHWESTERN UNIVERSITY PURPOSE: SCHOLARSHIP | $5,000 |