Skip to content
Nonprofiteer
← CORE PHILLY CHARITABLE TR

Form 990 for tax year 2024

Filed by CORE PHILLY CHARITABLE TR.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 24 October 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$966,524 changed to $783,533
Other revenue
$281,219 changed to $98,228
Total assets, end of year
$4,871,160 changed to $5,363,715
Net assets or fund balances, end of year
$4,871,160 changed to $5,363,715
Program services expenses
$240,851 changed to $252,153
Management and general expenses
$26,357 changed to $15,055
Program service expenses (Part III)
$240,851 changed to $252,153

Totals

Total revenue
$966,524
Total expenses
$267,208
Contributions and grants received
$0
Grants paid
$240,851
Program service revenue
$0
Investment income
$685,305
Other revenue
$281,219
Total assets, end of year
$4,871,160
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,871,160
Program services expenses (Part IX)
$240,851
Management and general expenses
$26,357
Fundraising expenses
$0
Program service expenses (Part III)
$240,851

Program services were 90.1% 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.

  • 3 · Investment income

    total $147,485 · excluded $147,485

  • 7a · Gross sales of assets other than inventory

    securities $3,512,670

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

    securities $2,974,850

  • 7c · Gain or loss

    securities $537,820

  • 7d · Net gain or loss

    total $537,820 · excluded $537,820

  • 11a · Other revenue: PARTNERSHIP INCOME

    total $281,219 · unrelated business $2,019 · excluded $279,200

  • 11e · Other revenue, total

    $281,219

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $240,851 · program services $240,851

  • 11f · Fees: investment management

    total $22,604 · management and general $22,604

  • 24a · Other expenses: Foreign Taxes on Q Divs

    total $2,280 · management and general $2,280

  • 24b · Other expenses: Advisory Fees

    total $866 · management and general $866

  • 24c · Other expenses: Foreign Taxes on NQ Divs

    total $569 · management and general $569

  • 24d · Other expenses: Foreign Taxes

    total $38 · management and general $38

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $3

  • 2 · Savings and temporary cash investments

    beginning of year $236,699 · end of year $240,687

  • 11 · Investments: publicly traded securities

    beginning of year $3,576,003 · end of year $4,630,470

  • 12 · Investments: other securities

    beginning of year $877,497

  • 29 · Capital stock, trust principal or current funds

    beginning of year $4,497,210 · end of year $4,871,160

  • 31 · Retained earnings, endowment or other funds

    beginning of year $192,989

Mission and programs · 2024

Mission

THE PURPOSE OF CORE PHILLY CHARITABLE TRUST IS TO RAISE FUNDS IN FORM OF AN ENDOWMENT FOR THE LONG-TERM SUPPORT OF A PROGRAM TO PROVIDE COLLEGE SCHOLARSHIPS TO GRADUATING, RESIDENT STUDENTS OF PHILADELPHIA PUBLIC, PAROCHIAL AND PRIVATE HIGH SCHOOLS. THE PROGRAM IS INTENDED TO BE BROAD BASED AND TO FOCUS UPON FUNDING WHICH MOST STUDENTS FACE, I.E. THE DEFICIENCY BETWEEN THE AGGREGATE EDUCATIONAL COSTS AND THE FUNDS WHICH ARE OTHERWISE AVAILABLE FROM THE STUDENT, HIS FAMILY AND INSTITUTIONAL AND GOVERNMENTAL PROGRAMS. THE PHILADELPHIA PUBLIC AND PAROCHIAL SCHOOLS AND ITS PRIVATE SCHOOLS CONTAIN A TREMENDOUS NUMBER OF STUDENTS OF LOWER MIDDLE INCOME FOR WHOM THIS FUND "GAP" EXISTS. THAT NEED WILL BE THE PRIMARY CRITERIA FOR THE AWARD OR SCHOLARSHIPS IN THE SCHOLARSHIP PROGRAM. THE TRUST ANTICIPATES ACCOMPLISHING ITS PURPOSE BY MAKING CONTRIBUTIONS TO PHILADELHIA COLLEGE OPPORTUNITY RESOURCES FOR EDUCATION ("CORE PHILLY"), WHICH IS AN EXEMPT PENNSYLVANIA NONPROFIT CORPORATION WHICH PRESENT

  • PHILA COLLEGE OPPORTUNITY

    Expenses $240,851 · Grants $240,851

As filed on the 2024 return.

Listed in Part VII

  • The Glenmede Trust Company Na

    TRUSTEE

    Total calculated
    $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

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
30 April 2025
IRS schema version
2024v5.1
Source object
202501299349301200

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.