Philadelphia Union Foundation
- Assets
- $1.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Chester, PA
- Founding
- 11/2011
- Data as of
- 12/2022
- EIN
- 45-2645813
Organization Overview
Philadelphia Union Foundation is located in Chester, PA. The organization was established in 2011. According to its NTEE Classification (N64) the organization is classified as: Soccer, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Philadelphia Union Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphia Union 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 12/2022, Philadelphia Union Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 51.3% each year . All expenses for the organization totaled $762.6k during the year ending 12/2022. While expenses have increased by 29.4% per year over the past 6 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 FOUNDATION'S PROGRAMS FOCUS ON A VARIETY OF CHARITABLE INITIATIVES TO SUPPORT UNDERSERVED COMMUNITIES AND UNDERPRIVILEGED FAMILIES WITH ADDITIONAL RESOURCES FOR EDUCATION, ATHLETICS/SOCCER AND WELL BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND CONTRIBUTIONS DONATED TO SUPPORT LOCAL CHARITIES AND ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hayes Hunt Chairman | OfficerTrustee | 5 | $0 |
Chris Albrecht Thru 1022 Director, Board Member | Trustee | 1 | $0 |
Jean Bley Director, Board Member | Trustee | 1 | $0 |
Brian Borradaile Director, Board Member | Trustee | 3 | $0 |
Chris Branscome Director, Board Member | Trustee | 1 | $0 |
Mark Cornish Thru 1022 Director, Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $343,391 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $789,773 |
| Noncash contributions included in lines 1a–1f | $68,652 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,133,164 |
| 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 | -$33,852 |
| Net Income from Gaming Activities | $84,318 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,183,630 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $175,000 |
| 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. | $92,086 |
| Compensation of current officers, directors, key employees. | $92,086 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,370 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,257 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,858 |
| Fees for services: Accounting | $24,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,827 |
| Advertising and promotion | $12,048 |
| Office expenses | $14,815 |
| 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 | $7,404 |
| All other expenses | $45,699 |
| Total functional expenses | $762,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $956,063 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,615 |
| 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 | $5,228 |
| Prepaid expenses and deferred charges | $21,444 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,873 |
| Total assets | $1,009,223 |
| Accounts payable and accrued expenses | $76,141 |
| 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 | $76,141 |
| Net assets without donor restrictions | $858,569 |
| Net assets with donor restrictions | $74,513 |
| 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 | $1,009,223 |
Grants Awarded
Over the last fiscal year, Philadelphia Union Foundation has awarded $52,733 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MARCH OF DIMES PURPOSE: PARTNERSHIP DEVELOPMENT RE: COMCAST/LEGENDS OF SOCCER GALA | $3,500 |
CHESTER UPLAND SCHOOL DISTRICT PURPOSE: DONATIONS TO CHESTER HIGH SCHOOL SOCCER PROGRAM | $45,483 |
POLICE ATHLETIC LEAGUE PURPOSE: PARTNERSHIP DEVELOPMENT RELATED TO PHILADELPHIA MINI-PITCHES | $3,750 |