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Nonprofiteer
← RADNOR ABC INC

Form 990 for tax year 2024

Filed by RADNOR ABC INC.

Totals

Total revenue
$368,208
Total expenses
$386,857
Contributions and grants received
$358,627
Grants paid
$0
Program service revenue
$0
Investment income
$22,511
Other revenue
-$12,930
Total assets, end of year
$732,515
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$732,515
Program services expenses (Part IX)
$341,689
Management and general expenses
$28,672
Fundraising expenses
$16,496
Program service expenses (Part III)
$341,689

Program services were 88.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $90,645

  • 1f · All other contributions, gifts and grants

    $267,982

  • 3 · Investment income

    total $22,511 · unrelated business $0 · excluded $22,511

  • 8a · Fundraising events: gross income

    $8,040

  • 8a · Fundraising events: contributions included on line 1c

    $90,645

  • 8b · Fundraising events: direct expenses

    $20,970

  • 8c · Net income from fundraising events

    total -$12,930 · unrelated business $0 · excluded -$12,930

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $49,933 · program services $32,456 · management and general $9,987 · fundraising $7,490

  • 7 · Other salaries and wages

    total $25,288 · program services $25,288 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $8,111 · program services $6,002 · management and general $1,217 · fundraising $892

  • 11c · Fees: accounting

    total $5,160 · program services $0 · management and general $5,160 · fundraising $0

  • 12 · Advertising and promotion

    total $22,627 · program services $4,526 · management and general $11,313 · fundraising $6,788

  • 13 · Office expenses

    total $3,316 · program services $995 · management and general $995 · fundraising $1,326

  • 16 · Occupancy

    total $45,058 · program services $45,058 · management and general $0 · fundraising $0

  • 17 · Travel

    total $10,679 · program services $10,679 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $47,561 · program services $47,561 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $25,930 · program services $25,930 · management and general $0 · fundraising $0

  • 24a · Other expenses: Stipend

    total $37,358 · program services $37,358 · management and general $0 · fundraising $0

  • 24b · Other expenses: House monitor

    total $8,471 · program services $8,471 · management and general $0 · fundraising $0

  • 24c · Other expenses: Food allowance

    total $10,100 · program services $10,100 · management and general $0 · fundraising $0

  • 24d · Other expenses: House supplies

    total $87,265 · program services $87,265 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $22,661 · end of year $49,334

  • 2 · Savings and temporary cash investments

    beginning of year $563,496 · end of year $554,986

  • 10a · Land, buildings and equipment: cost or other basis

    $843,905

  • 10b · Land, buildings and equipment: accumulated depreciation

    $722,077

  • 10c · Land, buildings and equipment, net

    beginning of year $158,656 · end of year $121,828

  • 11 · Investments: publicly traded securities

    beginning of year $4,680 · end of year $6,367

  • 27 · Net assets without donor restrictions

    beginning of year $749,493 · end of year $732,515

Mission and programs · 2024

Mission

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.

  • 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 Executive Director, Assistant Resident Director, Resident Tutors, Assistant Program Manager, 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.

    Expenses $341,689

As filed on the 2024 return.

Listed in Part VII

  • Candyce Wilson

    Executive Director

    Total calculated
    $49,288
    From this org
    $49,288
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Sarah Green

    President

    Total calculated
    $0
    Hours/week
    15

  • Michael Blumberg

    Director

    Total calculated
    $0
    Hours/week
    2

  • Vincent Boyd

    Treasurer

    Total calculated
    $0
    Hours/week
    7

  • Laura Janson

    Director

    Total calculated
    $0
    Hours/week
    30

  • Stacy Biscardi

    Secretary/Director(End 1/25)

    Total calculated
    $0
    Hours/week
    5

  • Rosalyn Cormier

    Director

    Total calculated
    $0
    Hours/week
    2

  • Gabriella Fontan-Venson

    Director

    Total calculated
    $0
    Hours/week
    2

  • Russlee Armstrong

    Director

    Total calculated
    $0
    Hours/week
    2

  • Ed Ruby

    Director

    Total calculated
    $0
    Hours/week
    2

  • Remell Chung

    Director

    Total calculated
    $0
    Hours/week
    2

  • Michael Homan

    Director/Secretary(Start 1/25)

    Total calculated
    $0
    Hours/week
    2

  • Jane Puttanniah

    Director

    Total calculated
    $0
    Hours/week
    2

  • Deborah Lofton

    Director

    Total calculated
    $0
    Hours/week
    2

  • Isabel Clark

    Director

    Total calculated
    $0
    Hours/week
    2

  • Scott Ameen

    Director

    Total calculated
    $0
    Hours/week
    2

  • Caroline Stueck

    Director

    Total calculated
    $0
    Hours/week
    2

  • Edward Stasen

    Director

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
30 April 2025
IRS schema version
2024v5.2
Source object
202630299349300123

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