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Nonprofiteer
← GOODWILL KEYSTONE AREA FOUNDATION

Form 990 for tax year 2024

Filed by GOODWILL KEYSTONE AREA FOUNDATION.

Totals

Total revenue
$1,602,539
Total expenses
$822,338
Contributions and grants received
$67,640
Grants paid
$716,600
Program service revenue
$0
Investment income
$1,389,679
Other revenue
$145,220
Total assets, end of year
$11,721,945
Total liabilities, end of year
$67,569
Net assets or fund balances, end of year
$11,654,376
Program services expenses (Part IX)
$746,746
Management and general expenses
$62,280
Fundraising expenses
$13,312
Program service expenses (Part III)
$746,746

Program services were 90.8% 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.

  • 1f · All other contributions, gifts and grants

    $67,640

  • 3 · Investment income

    total $185,417 · excluded $185,417

  • 7a · Gross sales of assets other than inventory

    securities $1,204,262

  • 7c · Gain or loss

    securities $1,204,262

  • 7d · Net gain or loss

    total $1,204,262 · excluded $1,204,262

  • 11a · Other revenue: INCOME FROM PERPETUAL TRUST

    total $145,220 · excluded $145,220

  • 11e · Other revenue, total

    $145,220

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $716,600 · program services $716,600

  • 11a · Fees: management

    total $78,000 · program services $5,528 · management and general $62,160 · fundraising $10,312

  • 11f · Fees: investment management

    total $24,618 · program services $24,618

  • 11g · Fees: other

    total $3,000 · fundraising $3,000

  • 24a · Other expenses: OTHER

    total $120 · management and general $120

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $55,082 · end of year $170,946

  • 7 · Other notes and loans receivable

    beginning of year $529,877 · end of year $4,070,377

  • 11 · Investments: publicly traded securities

    beginning of year $7,160,647 · end of year $3,523,290

  • 15 · Other assets

    beginning of year $3,718,299 · end of year $3,957,332

  • 25 · Other liabilities

    beginning of year $92,680 · end of year $67,569

  • 27 · Net assets without donor restrictions

    beginning of year $7,315,377 · end of year $7,345,163

  • 28 · Net assets with donor restrictions

    beginning of year $4,055,848 · end of year $4,309,213

Mission and programs · 2024

Mission

GOODWILL KEYSTONE AREA FOUNDATION PROVIDES SUPPORT FOR INNOVATIVE SERVICES FOR INDIVIDUALS WITH DISABILITIES AND OTHER BARRIERS TO INDEPENDENCE, HELPING THEM TO REACH THEIR FULLEST POTENTIAL AS WORKERS AND AS MEMBERS OF THE BROADER COMMUNITY. THE FOUNDATION SEEKS FINANCIAL RESOURCES FOR SERVICES PROVIDED BY GOODWILL KEYSTONE AREA AND SIMILAR NON-PROFIT ORGANIZATIONS THROUGHOUT 22 COUNTIES IN PENNSYLVANIA.

Activities or mission (Part I)

THE GOODWILL KEYSTONE AREA FOUNDATION PROVIDES SUPPORT FOR INNOVATIVE SERVICES FOR INDIVIDUALS WITH DISABILITIES AND OTHER BARRIERS TO INDEPENDENCE. (SEE FORM 990, PART III AND SCHEDULE O)

  • GOODWILL KEYSTONE AREA FOUNDATION PROVIDES SUPPORT FOR INNOVATIVE SERVICES FOR INDIVIDUALS WITH DISABILITIES AND OTHER BARRIERS TO INDEPENDENCE,HELPING THEM TO REACH THEIR FULLEST POTENTIAL AS WORKERS AND AS MEMBERS OF THE BROADER COMMUNITY. THE FOUNDATION SEEKS FINANCIAL RESOURCES FOR SERVICES PROVIDED BY GOODWILL KEYSTONE AREA AND SIMILAR NON-PROFIT ORGANIZATIONS THROUGHOUT 22 COUNTIES IN PENNSYLVANIA.

    Expenses $746,746 · Grants $716,600

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kenneth Norman

    BOARD MBR, C

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Harris T Booker

    BOARD MBR,VI

    Total calculated
    $0
    Hours/week
    1 + 0.3 related

  • Marion C Alexander

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.3 related

  • Paul Mattaini

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dru Rai

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Curci

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Edward J Lada Jr

    PRESIDENT

    Total calculated
    $601,866
    From this org
    $0
    From related orgs
    $593,586
    Other
    $8,280
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    not reported + $487,336 related
    Bonus
    not reported + $106,250 related
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $8,280 related
    Filer's total
    not reported + $601,866 related

  • Colleen McAuliffe

    VP & TREASUR

    Total calculated
    $416,839
    From this org
    $0
    From related orgs
    $408,559
    Other
    $8,280
    Hours/week
    1.5 + 42 related

    Schedule J breakdown matched by us

    Base
    not reported + $335,809 related
    Bonus
    not reported + $72,750 related
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $8,280 related
    Filer's total
    not reported + $416,839 related

  • Sue Soderberg

    VP & SECRETA

    Total calculated
    $249,826
    From this org
    $0
    From related orgs
    $241,546
    Other
    $8,280
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $202,663 related
    Bonus
    not reported + $38,883 related
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $8,280 related
    Filer's total
    not reported + $249,826 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 3
THE COMPENSATION FOR THE ORGANIZATION'S PRESIDENT IS SET BY A RELATED ORGANIZATION, GOODWILL KEYSTONE AREA (GKA). GKA USES AN INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY GKA'S BOARD TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT.
SCHEDULE J, PAGE 1, PART I, LINE 5B
A BOARD APPROVED INCENTIVE COMPENSATION PROGRAM PROVIDES FOR POSSIBLE ANNUAL BONUS PAYMENTS BASED UPON A WEIGHTED FORMULA COMPRISED OF 50% FOR MISSION GOALS ACCOMPLISHED, 25% FOR ACHIEVED REVENUE OVER BUDGET, AND 25% FOR ACHIEVED NET MARGIN OVER BUDGET.
SCHEDULE J, PAGE 1, PART I, LINE 6B
A BOARD APPROVED INCENTIVE COMPENSATION PROGRAM PROVIDES FOR POSSIBLE ANNUAL BONUS PAYMENTS BASED UPON A WEIGHTED FORMULA COMPRISED OF 50% FOR MISSION GOALS ACCOMPLISHED, 25% FOR ACHIEVED REVENUE OVER BUDGET, AND 25% FOR ACHIEVED NET MARGIN OVER BUDGET.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
16 December 2025
IRS schema version
2024v5.0
Source object
202533519349300503

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