Girard College Foundation
- Assets
- $4.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 04/1999
- Data as of
- 06/2022
- EIN
- 23-2987485
Organization Overview
Girard College Foundation is located in Philadelphia, PA. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Girard College 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 06/2022, Girard College Foundation generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 7.2% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ENHANCE THE EDUCATIONAL FACILITIES AND SERVICES PROVIDED TO THE STUDENTS OF GIRARD COLLEGE (AN ELEMENTARY AND SECONDARY SCHOOL) AND OTHER PHILADELPHIA AREA SCHOOLS BY RAISING FUNDS FROM THE ALUMNI AND FRIENDS FOR THESE INSTITUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDER'S HALL MARBLE ENTABLATURE AND PEDIMENTS RESTORATION INCLUDED REPOINTING, REPAIRS AND CLEANING OF THE FULL MARBLE ENTABLATURE LOCATED ON ALL FOUR ELEVATIONS OF FOUNDER'S HALL AND BOTH PEDIMENTS, LOCATED ON THE NORTH AND SOUTH FACES OF THE BUILDING. THIS WORK ENSURES THAT ALL MORTAR JOINTS ARE WATERTIGHT, REPLACING ERODED STONE UNITS AND PATCHING CRACKS WILL PROTECT STRUCTURAL INTEGRITY, AND CLEANING THE MARBLE WILL SHOWCASE THE BUILDING'S TRUE BEAUTY.FOUNDER'S HALL HOUSES STEPHEN GIRARD'S ARTIFACT COLLECTION. GIRARD COLLEGE'S RENOVATION OF FOUNDER'S HALL WILL ENABLE THE BUILDING TO BE MORE WIDELY ACCESSIBLE THROUGH BOTH EVENT AND MUSEUM USE FOR ITS STUDENTS AND STAFF AS WELL AS THE GENERAL PUBLIC, AS PART OF THE SCHOOL'S STRATEGIC GOAL TO BECOME THE CAMPUS FOR THE CITY.
PENNSYLVANIA OPPORTUNITY SCHOLARSHIP TAX CREDIT PROGRAM:THE PROGRAM PROVIDES TAX CREDITS TO ELIGIBLE BUSINESSES CONTRIBUTING TO AN OPPORTUNITY SCHOLARSHIP ORGANIZATION. BUSINESS CONTRIBUTIONS ARE THEN USED BY OPPORTUNITY SCHOLARSHIP ORGANIZATIONS TO PROVIDE TUITION ASSISTANCE IN THE FORM OF SCHOLARSHIPS TO ELIGIBLE STUDENTS RESIDING WITHIN THE BOUNDARIES OF A LOW-ACHIEVING SCHOOL IN THE COMMONWEALTH OF PENNSYLVANIA TO ATTEND ANOTHER PUBLIC SCHOOL OUTSIDE OF THEIR DISTRICT OR NONPUBLIC SCHOOL. A LOW-ACHIEVING SCHOOL IS DEFINED AS A PUBLIC ELEMENTARY OR SECONDARY SCHOOL RANKING IN THE BOTTOM 15 PERCENT OF THEIR DESIGNATION AS AN ELEMENTARY OR SECONDARY SCHOOL BASED UPON COMBINED MATH AND READING PENNSYLVANIA SYSTEM OF SCHOOL ASSESSMENT (PSSA) SCORES.THE GIRARD COLLEGE FOUNDATION IS AN OPPORTUNITY SCHOLARSHIP ORGANIZATION AND USED THESE PROCEEDS TO PROVIDE APPROXIMATELY 80 PARTIAL SCHOLARSHIPS TO STUDENTS THAT ATTENDED GIRARD COLLEGE DURING THE 2020-2021 SCHOOL YEAR."
PENNSYLVANIA EDUCATIONAL IMPROVEMENT TAX CREDIT PROGRAM:THIS PROGRAM PROVIDES TAX CREDITS TO ELIGIBLE BUSINESSES CONTRIBUTING TO SCHOLARSHIP ORGANIZATIONS AND/OR EDUCATIONAL IMPROVEMENT ORGANIZATIONS AND/OR PRE-K SCHOLARSHIPORGANIZATIONS CONTAINED ON A LIST PUBLISHED BY THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT. BUSINESS CONTRIBUTIONS ARE THEN USED BY SCHOLARSHIP ORGANIZATIONS AND/OR EDUCATIONAL IMPROVEMENT ORGANIZATIONS AND/OR PRE-K SCHOLARSHIP ORGANIZATIONS TO PROVIDE TUITION ASSISTANCE IN THE FORM OF SCHOLARSHIPS TO ELIGIBLE STUDENTS RESIDING WITHIN THE COMMONWEALTH OF PENNSYLVANIA.THE GIRARD COLLEGE FOUNDATION IS A SCHOLARSHIP ORGANIZATION AND USED THESE PROCEEDS TO PROVIDE APPROXIMATELY FIFTEEN (30) PARTIAL SCHOLARSHIPS TO STUDENTS THAT ATTENDED GIRARD COLLEGE DURING THE 2020-2021 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Samuel President | OfficerTrustee | 0.5 | $0 |
John Leone Vice President | OfficerTrustee | 0.5 | $0 |
Dennis Kelleher Treasurer (deceased 09/21) | OfficerTrustee | 0.5 | $0 |
Chad Burkhardt Director | Trustee | 0.5 | $0 |
Henry Fairfax Director | Trustee | 0.5 | $0 |
James O'neill Director (deceased 10/21) | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,310,639 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,310,639 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,310,639 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,671,929 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,158 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,709,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $536,277 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,382,034 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $415,255 |
| Total assets | $4,333,566 |
| Accounts payable and accrued expenses | $35,704 |
| Grants payable | $124,852 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $0 |
| Total liabilities | $160,556 |
| Net assets without donor restrictions | $1,258,006 |
| Net assets with donor restrictions | $2,915,004 |
| 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 | $4,333,566 |
Grants Awarded
Over the last fiscal year, Girard College Foundation has awarded $1,019,052 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GIRARD COLLEGE PURPOSE: FOR TUITION ASSISTANCE FOR STUDENTS ATTENDING GIRARD COLLEGE. | $757,475 |
GIRARD COLLEGE ALUMNI ASSOCIATION PURPOSE: REQUESTED BY DONOR | $261,577 |