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Nonprofiteer
← PERRY TOWNSHIP EDUCATION FOUNDATION INC

Form 990 for tax year 2023

Filed by PERRY TOWNSHIP EDUCATION FOUNDATION INC.

Totals

Total revenue
$146,004
Total expenses
$198,058
Contributions and grants received
$80,124
Grants paid
$62,958
Program service revenue
$0
Investment income
$54,139
Other revenue
$11,741
Total assets, end of year
$1,900,187
Total liabilities, end of year
$11,109
Net assets or fund balances, end of year
$1,889,078
Program services expenses (Part IX)
$131,667
Management and general expenses
$38,120
Fundraising expenses
$28,271
Program service expenses (Part III)
$131,667

Program services were 66.5% 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

    $475

  • 1f · All other contributions, gifts and grants

    $79,649

  • 1g · Noncash contributions included above

    $475

  • 3 · Investment income

    total $13,650 · excluded $13,650

  • 7a · Gross sales of assets other than inventory

    securities $67,762 · other assets $4,864

  • 7b · Less cost or other basis and sales expenses

    securities $32,137

  • 7c · Gain or loss

    securities $35,625 · other assets $4,864

  • 7d · Net gain or loss

    total $40,489 · related or exempt $35,625 · excluded $4,864

  • 8a · Fundraising events: gross income

    $21,263

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

    $475

  • 8b · Fundraising events: direct expenses

    $9,522

  • 8c · Net income from fundraising events

    total $11,741

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $62,958 · program services $62,958

  • 7 · Other salaries and wages

    total $68,096 · program services $27,239 · management and general $13,619 · fundraising $27,238

  • 10 · Payroll taxes

    total $5,163 · program services $2,065 · management and general $2,065 · fundraising $1,033

  • 11c · Fees: accounting

    total $16,809 · management and general $16,809

  • 11f · Fees: investment management

    total $15,545 · program services $15,545

  • 12 · Advertising and promotion

    total $1,921 · program services $1,921

  • 13 · Office expenses

    total $967 · program services $920 · management and general $47

  • 14 · Information technology

    total $9,840 · program services $9,840

  • 19 · Conferences, conventions and meetings

    total $1,934 · management and general $1,934

  • 23 · Insurance

    total $2,132 · management and general $2,132

  • 24a · Other expenses: BAD DEBT

    total $6,082 · program services $6,082

  • 24b · Other expenses: LICENSES & FEES

    total $2,752 · program services $2,752

  • 24c · Other expenses: DONOR RECOGNITION

    total $1,528 · program services $1,528

  • 24d · Other expenses: BOARD MEETING EXPENSE

    total $824 · management and general $824

  • 24e · All other expenses

    total $1,507 · program services $817 · management and general $690

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $210,332 · end of year $213,136

  • 2 · Savings and temporary cash investments

    beginning of year $101,445 · end of year $112,040

  • 3 · Pledges and grants receivable

    beginning of year $1,578

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

    $10,220

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

    $10,220

  • 12 · Investments: other securities

    beginning of year $1,506,946 · end of year $1,575,011

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,017 · end of year $8,846

  • 25 · Other liabilities

    end of year $2,263

  • 27 · Net assets without donor restrictions

    beginning of year $309,339 · end of year $314,067

  • 28 · Net assets with donor restrictions

    beginning of year $1,506,945 · end of year $1,575,011

Mission and programs · 2023

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY TO PROMOTE AND SUPPORT EDUCATION; TO RECEIVE AND ADMINISTER FUNDS FOR SUCH ADDITIONAL AND CHARITABLE PURPOSES AS RELATED TO AND IN SUPPORT OF THE CURRICULAR AND EXTRACURRICULAR ACTIVITIES, PROGRAMS AND FACILITIES OF THE PUBLIC SCHOOLS OPERATED BY THE BOARD OF EDUCATION OF THE METROPOLITAN SCHOOL DISTRICT OF PERRY TOWNSHIP.

Activities or mission (Part I)

TO PROMOTE AND SUPPORT EDUCATION; TO RECEIVE AND ADMINISTER FUNDS FOR SUCH PURPOSES

  • PERRY TOWNSHIP EDUCATION FOUNDATION, INC. (THE FOUNDATION) PROVIDES GRANT FUNDS FOR UNIQUE PROJECTS TO PROMOTE LEARNING IN PERRY TOWNSHIP.

    Expenses $131,667 · Grants $62,958

  • PERRY TOWNSHIP EDUCATION FOUNDATION, INC. (THE FOUNDATION) PROVIDES GRANT FUNDS FOR UNIQUE PROJECTS TO PROMOTE LEARNING IN PERRY TOWNSHIP.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dustin Hite

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Phil Powell

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.5

  • Delvan Roehling

    TREASURER

    Total calculated
    $0
    Hours/week
    2.5

  • Monica Ponce

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Patrick Spray

    SUPERINTENDE

    Total calculated
    $0
    Hours/week
    1

  • Charles T Stumpf Jr

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    0.25

  • Megan Buehler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.02

  • Hre Mang

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.01

  • Kevin Koontz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.01

  • Andy May

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

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
2023
Filed
13 May 2024
IRS schema version
2023v5.0
Source object
202431349349303988

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