Pennsylvania Automotive Association Foundation
- Assets
- $70.1m
- Revenue
- $13.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Harrisburg, PA
- Founding
- 04/2002
- Data as of
- 12/2023
- EIN
- 23-3102612
Organization Overview
Pennsylvania Automotive Association Foundation is located in Harrisburg, PA. The organization was established in 2002. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, Pennsylvania Automotive Association Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pennsylvania Automotive Association 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, Pennsylvania Automotive Association Foundation generated $13.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $10.2m during the year ending 12/2023. While expenses have increased by 13.1% 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, Pennsylvania Automotive Association Foundation has awarded 1,379 individual grants totaling $44,988,978. 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
THE PRIMARY PURPOSE OF PAA FOUNDATION IS TO SUPPORT THE AUTOMOTIVE INDUSTRY IN THE FOLLOWING AREAS:1. TO ACT AS A COMMUNITY FOUNDATION ENABLING THE FOUNDATION TO RECEIVE GIFTS OF MONEY OR OTHER PROPERTY, HOLD THE SAME IN TRUST, INVEST AND PRESERVE IT AND DISTRIBUTE THE INCOME AND PRINCIPAL IN A MANNER CONSISTENT WITH THE GENERAL CHARITABLE PURPOSES OF THE FOUNDATION.2. PROVIDING GRANTS TO OTHER CHARITABLE ORGANIZATIONS THAT CONDUCT PROGRAMS AND ACTIVITIES RELATED TO THE NEW MOTOR VEHICLE INDUSTRY, PAA MEMBERS AND EMPLOYEES OF PAA MEMBERS.3. PROVIDING EDUCATIONAL OPPORTUNITIES AND SCHOLARSHIPS TO THE FAMILIES OF THOSE WHO ARE EMPLOYED IN THE NEW RETAIL MOTOR VEHICLE INDUSTRY IN PENNSYLVANIA, AND ELSEWHERE IN THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY OUTREACH AND SCHOLARSHIP AWARDS - TO PROVIDE CONTRIBUTIONS, GRANTS AND ASSISTANCE TO VARIOUS COMMUNITIES AND ORGANIZATIONS IN PENNSYLVANIA, AND ELSEWHERE IN THE UNITED STATES, THROUGH INCENTIVES AND DONOR ADVISED ACCOUNTS. TO AWARD SCHOLARSHIPS TO QUALIFYING STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Rohrich Board Member | Trustee | 1 | $0 |
Allan Jennings Jr Treasurer | OfficerTrustee | 1 | $0 |
Andrew M Scott Secretary | OfficerTrustee | 1 | $0 |
Peter Lustgarten Board Member | Trustee | 1 | $0 |
Dominic Conicelli Board Member | Trustee | 1 | $0 |
Ben Cook Board Member | Trustee | 1 | $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 | $11,183,975 |
| Noncash contributions included in lines 1a–1f | $4,959,165 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,183,975 |
| Total Program Service Revenue | $22,394 |
| Investment income | $1,397,626 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $468,787 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,072,782 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,734,052 |
| Grants and other assistance to domestic individuals. | $15,000 |
| 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 | $155,004 |
| Pension plan accruals and contributions | $14,796 |
| Other employee benefits | $22,635 |
| Payroll taxes | $11,936 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $88 |
| Fees for services: Accounting | $30,217 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $182,004 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,534 |
| Information technology | $2,214 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,260 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,845 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $191 |
| All other expenses | $0 |
| Total functional expenses | $10,225,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,391,275 |
| 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 | $63,582,024 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $96,678 |
| Total assets | $70,069,977 |
| Accounts payable and accrued expenses | $42,179 |
| Grants payable | $0 |
| 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 | $4,988,003 |
| Total liabilities | $5,030,182 |
| Net assets without donor restrictions | $65,039,795 |
| Net assets with donor restrictions | $0 |
| 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 | $70,069,977 |
Grants Awarded
Over the last fiscal year, Pennsylvania Automotive Association Foundation has awarded $8,966,575 in support to 162 organizations.
| Grant Recipient | Amount |
|---|---|
AARON'S ACRES PURPOSE: GENERAL SUPPORT | $30,000 |
ABINGTON FRIENDS SCHOOL PURPOSE: GENERAL SUPPORT | $25,000 |
ABINGTON HEALTH FOUNDATION PURPOSE: GENERAL SUPPORT | $115,000 |
ABINGTON MONTHLY MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS PURPOSE: GENERAL SUPPORT | $25,000 |
ALLEGHENY HEALTH NETWORK - OFFICE OF FUND DEVELOPMENT PURPOSE: GENERAL SUPPORT | $10,000 |
ALTOONA RENAISSANCE TEAM INC PURPOSE: GENERAL SUPPORT | $10,000 |