Radnor Abc Inc
- Assets
- $704.0k
- Revenue
- $229.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Wayne, PA
- Founding
- 11/1972
- Data as of
- 06/2023
- EIN
- 23-7166553
Organization Overview
Radnor Abc Inc, operating under the name Radnor ABC, is located in Wayne, PA. The organization was established in 1972. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Radnor ABC 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, Radnor ABC generated $229.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $234.9k during the year ending 06/2023. While expenses have increased by 7.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE SUBSTANTIALLY THE NUMBER OF WELL EDUCATED YOUNG PEOPLE OF COLOR WHO ARE CAPABLE OF ASSUMING POSITIONS OF RESPONSIBILITY AND LEADERSHIP IN AMERICAN SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EACH YEAR, RADNOR ABC SUPPORTS UP TO TEN SCHOLARS WHILE THEY ATTEND RADNOR HIGH SCHOOL. DURING THE SCHOOL YEAR, THE SCHOLARS LIVE AWAY FROM THEIR FAMILIES AND RESIDE IN TWO HOUSES ON THE SAME PROPERTY IN WAYNE,PA WITH SUPERVISION BY A RESIDENT DIRECTOR TEAM AND RESIDENT TUTORS. ALTHOUGH THE RADNOR TOWNSHIP SCHOOL DISTRICT WAIVES TUITION FOR THESE STUDENTS, RADNOR ABC STILL SPENDS APPROXIMATELY $30,000 A YEAR PER STUDENT.THIS COST COVERS NUMEROUS EXPENSES, INCLUDING, BUT NOT LIMITED TO:FOOD,INCLUDING WEEKEND FOOD ALLOWANCE; SCHOOL SUPPLIES;TEAM BONDING EVENTS;EXTRACURRICULAR ACTIVITY FEES;SAT/ACT REGISTRATION,STUDY BOOKS AND PREPARATION CLASSES;TRAVEL HOME FOR TWO BREAKS;COMPENSATION FOR OUR RESIDENT EXECUTIVE DIRECTOR, TUTORS AND A WEEKDAY COOK;AND HOUSE UTILITIES,SUPPLIES,MAINTENANCE,REPAIRS AND IMPROVEMENTS. RADNOR ABC RELIES COMPLETELY ON DONATIONS AND GRANTS FROM GENEROUS INDIVIDUALS AND ORGANIZATIONS TO MAINTAIN ITS BUDGET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candyce Wilson Executive Director | Officer | 30 | $0 |
Michael Blumberg President | OfficerTrustee | 15 | $0 |
Michelle Wetzel Vice President | OfficerTrustee | 15 | $0 |
Vincent Boyd Treasurer | OfficerTrustee | 7 | $0 |
Laura Janson Director | Trustee | 30 | $0 |
Stacy Biscardi Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,810 |
| Membership dues | $0 |
| Fundraising events | $42,261 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $181,033 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $225,104 |
| Total Program Service Revenue | $0 |
| Investment income | $10,127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,634 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $229,597 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $25,000 |
| Compensation of current officers, directors, key employees. | $5,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,858 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,730 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,402 |
| Office expenses | $1,986 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,493 |
| Travel | $8,582 |
| 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 | $41,699 |
| Insurance | $19,702 |
| All other expenses | $0 |
| Total functional expenses | $234,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $225,923 |
| 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 | $194,048 |
| Investments—publicly traded securities | $284,052 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $704,023 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $704,023 |
| 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 | $704,023 |