Centre County Community Foundation Inc
- Assets
- $81.2m
- Revenue
- $14.9m
- Investments
- $37.4m
- Employees
- 8
- Location
- State College, PA
- Founding
- 03/1996
- Data as of
- 12/2021
- EIN
- 25-1782197
Organization Overview
Centre County Community Foundation Inc is located in State College, PA. The organization was established in 1996. 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 12/2022, Centre County Community Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centre County Community Foundation Inc 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 12/2021, Centre County Community Foundation Inc generated $14.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $5.2m during the year ending 12/2021. While expenses have increased by 9.7% 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.
Since 2017, Centre County Community Foundation Inc has awarded 795 individual grants totaling $19,484,297. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AND FACILITATE A CULTURE OF GIVING AND ENGAGEMENT THAT CULTIVATES A VIBRANT, EQUITABLE AND INCLUSIVE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTRE FOUNDATION BELIEVES IN THE ORGANIZATIONS THAT ARE CREATING A BETTER FUTURE FOR CENTRE COUNTY AND THE DONORS WHO SUPPORT THEM. WE WORK TO INSPIRE PHILANTHROPY, BUILD ENDOWMENTS, CREATE COMMUNITY ENGAGEMENT, STRENGTHEN ORGANIZATIONS THROUGH TRAINING AND RESEARCH, FUND TRANSFORMATIVE PROJECTS, AND CONVENE EFFECTIVE PARTNERSHIPS AROUND COMMUNITY ISSUES. EACH YEAR, CENTRE FOUNDATION DISTRIBUTES GRANTS TO OVER 200 ORGANIZATIONS. PROGRAMS SUPPORT ALL KINDS OF WORK, ACROSS ALL NONPROFIT SECTORS AND FOCUSES INCLUDING: ARTS, HUMANITIES, CULTURE, EDUCATION, SOCIAL SERVICES AND CONSERVATION. WE PROVIDE ANNUAL COMMUNITY SUPPORT THROUGH OUR INNOVATIVE GIVING AND GRANTING PROGRAMS INCLUDING: CENTRE GIVES, CENTRE INSPIRES, CENTRE PACT, GIVING CIRCLE, FIELD OF INTEREST GRANTS, AND SCHOLARSHIPS TO UNIVERSITIES AND TRADE SCHOOLS. CENTRE FOUNDATION IS ACCREDITED THROUGH THE NATIONAL STANDARDS FOR U.S. COMMUNITY FOUNDATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Hall Director | Trustee | 1 | $0 |
Lydia Abdullah Director | Trustee | 1 | $0 |
Cari Gustafson Director | Trustee | 1 | $0 |
Dr Seriashia Chatters Director | Trustee | 1 | $0 |
Madhuri Shrikant Desai Director | Trustee | 1 | $0 |
Erin Meitzler Vice Chair/secretary | OfficerTrustee | 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 | $9,517,971 |
| Noncash contributions included in lines 1a–1f | $4,252,239 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,517,971 |
| Total Program Service Revenue | $0 |
| Investment income | $1,863,327 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,438,331 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,856,609 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,041,574 |
| 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. | $156,570 |
| Compensation of current officers, directors, key employees. | $40,049 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $324,268 |
| Pension plan accruals and contributions | $9,450 |
| Other employee benefits | $41,061 |
| Payroll taxes | $34,623 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $541 |
| Fees for services: Accounting | $18,561 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $18,757 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,383 |
| Travel | $374 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,913 |
| Interest | $0 |
| Payments to affiliates | $10,229 |
| Depreciation, depletion, and amortization | $56,474 |
| Insurance | $5,520 |
| All other expenses | $88,489 |
| Total functional expenses | $5,234,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $81,372 |
| Pledges and grants receivable | $27,440 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $263,505 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $85,029 |
| Investments—publicly traded securities | $43,358,660 |
| Investments—other securities | $37,369,660 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,803 |
| Total assets | $81,202,469 |
| 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 | $24,267 |
| Total liabilities | $24,267 |
| Net assets without donor restrictions | $81,178,202 |
| 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 | $81,202,469 |
Grants Awarded
Over the last fiscal year, Centre County Community Foundation Inc has awarded $4,152,782 in support to 155 organizations.
| Grant Recipient | Amount |
|---|---|
AARONSBURG CIVIC CLUB PURPOSE: GENERAL SUPPORT | $6,498 |
3 DOTS DOWNTOWN PURPOSE: GENERAL SUPPORT | $90,586 |
ACOUSTIC BREW COFFEEHOUSE INC PURPOSE: GENERAL SUPPORT | $5,189 |
ACRES PROJECT PURPOSE: GENERAL SUPPORT | $12,614 |
ALLEGHENY LUTHERAN SOCIAL MINISTRIES INC PURPOSE: GENERAL SUPPORT | $18,779 |
ALPHA FIRE COMPANY PURPOSE: GENERAL SUPPORT | $18,188 |