Armstrong County Educational Trust
- Assets
- $828.3k
- Revenue
- $355.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Kittanning, PA
- Founding
- 10/1964
- Data as of
- 06/2022
- EIN
- 25-6064784
Organization Overview
Armstrong County Educational Trust is located in Kittanning, PA. The organization was established in 1964. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Armstrong County Educational Trust employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Armstrong County Educational Trust 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, Armstrong County Educational Trust generated $355.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $300.5k during the year ending 06/2022. While expenses have increased by 0.6% 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
THE ACCL IS A VALUED ASSET AND RESPECTED PARTNER OF THE EDUCATIONAL COMMUNITY MEETING THE NEEDS OF OUR REGION'S LIFE-LONG LEARNERS AS WELL AS HELPING TO STRENGTHEN THE WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IDENTIFYING, IMPLEMENTING AND OVERSEEING INNOVATIVE EFFORTS TO INCREASE ACCESS TO POST-SECONDARY EDUCATION OPPORTUNITIES TO APPROXIMATELY 2,000 PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Muth Vice President | OfficerTrustee | 3 | $0 |
Kimberly Smith Treasurer | OfficerTrustee | 3 | $0 |
Jessica Schaub President | OfficerTrustee | 7 | $0 |
Philip Tack Director | Trustee | 1 | $0 |
Jaymie Oliver Director | Trustee | 1 | $0 |
Fred Neal Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $278,862 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,129 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $309,991 |
| Total Program Service Revenue | $24,948 |
| Investment income | $27 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,586 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $250 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $76 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $355,606 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $38,000 |
| 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 | $126,961 |
| Pension plan accruals and contributions | $3,581 |
| Other employee benefits | $6,806 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $180 |
| Fees for services: Accounting | $3,650 |
| 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 | $1,866 |
| Information technology | $6,875 |
| Royalties | $0 |
| Occupancy | $74,068 |
| Travel | $1,925 |
| 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 | $4,069 |
| Insurance | $6,963 |
| All other expenses | $631 |
| Total functional expenses | $300,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,219 |
| Savings and temporary cash investments | $487,907 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,370 |
| 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 | $7,332 |
| Net Land, buildings, and equipment | $53,469 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $828,297 |
| Accounts payable and accrued expenses | $4,830 |
| 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 | $4,830 |
| Net assets without donor restrictions | $499,836 |
| Net assets with donor restrictions | $323,631 |
| 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 | $828,297 |