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Nonprofiteer
← NORTH EAST COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by NORTH EAST COMMUNITY FOUNDATION.

Totals

Total revenue
$810,180
Total expenses
$751,977
Contributions and grants received
$332,691
Grants paid
$500,226
Program service revenue
$0
Investment income
$477,489
Other revenue
$0
Total assets, end of year
$16,124,238
Total liabilities, end of year
$52,877
Net assets or fund balances, end of year
$16,071,361
Program services expenses (Part IX)
$632,391
Management and general expenses
$102,188
Fundraising expenses
$17,398
Program service expenses (Part III)
$632,391

Program services were 84.1% 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.

  • 1f · All other contributions, gifts and grants

    $332,691

  • 1g · Noncash contributions included above

    $50,826

  • 3 · Investment income

    total $159,224 · excluded $159,224

  • 7a · Gross sales of assets other than inventory

    securities $2,401,641

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

    securities $2,083,376

  • 7c · Gain or loss

    securities $318,265

  • 7d · Net gain or loss

    total $318,265 · excluded $318,265

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $451,137 · program services $451,137

  • 2 · Grants to domestic individuals

    total $49,089 · program services $49,089

  • 11a · Fees: management

    total $124,359 · program services $124,019 · management and general $170 · fundraising $170

  • 11b · Fees: legal

    total $500 · program services $250 · management and general $125 · fundraising $125

  • 11f · Fees: investment management

    total $92,599 · management and general $92,599

  • 11g · Fees: other

    total $129 · program services $13 · management and general $58 · fundraising $58

  • 12 · Advertising and promotion

    total $19,356 · program services $3,871 · management and general $3,871 · fundraising $11,614

  • 13 · Office expenses

    total $4,053 · program services $455 · management and general $1,766 · fundraising $1,832

  • 14 · Information technology

    total $889 · program services $297 · management and general $296 · fundraising $296

  • 16 · Occupancy

    total $751 · program services $251 · management and general $250 · fundraising $250

  • 19 · Conferences, conventions and meetings

    total $8,964 · program services $2,994 · management and general $2,985 · fundraising $2,985

  • 24a · Other expenses: DUES AND MEMBERSHIPS

    total $151 · program services $15 · management and general $68 · fundraising $68

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,365 · end of year $0

  • 4 · Accounts receivable

    beginning of year $5,000,000 · end of year $0

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

    $428,167

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $428,167

  • 11 · Investments: publicly traded securities

    beginning of year $4,806,069 · end of year $7,477,444

  • 12 · Investments: other securities

    beginning of year $4,638,413 · end of year $7,918,718

  • 13 · Investments: program-related

    beginning of year $612,964 · end of year $299,909

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,015 · end of year $65

  • 18 · Grants payable

    beginning of year $54,820 · end of year $15,400

  • 25 · Other liabilities

    beginning of year $39,177 · end of year $37,412

  • 27 · Net assets without donor restrictions

    beginning of year $14,906,404 · end of year $16,012,570

  • 28 · Net assets with donor restrictions

    beginning of year $55,395 · end of year $58,791

Mission and programs · 2023

Mission

THE MISSION OF THE NORTH EAST COMMUNITY FOUNDATION IS TO ASSIST A DIVERSE GROUP OF DONORS IN IMPROVING THE QUALITY OF LIFE IN AND AROUND NORTH EAST BY CREATING ENDOWMENTS MAKING IT EASY TO CARRY OUT THE DONORS' PHILANTHROPIC INTERESTS IN A PROFESSIONAL AND TIMELY MANNER.

Activities or mission (Part I)

PUBLIC CHARITABLE COMMUNITY FOUNDATION

  • TO ENHANCE THE QUALITY OF LIFE IN THE COMMUNITY OF NORTH EAST BY PROVIDING GRANTS TO OTHER EDUCATIONAL, CULTURAL AND RECREATIONAL ORGANIZATIONS. GRANTS FROM UNRESTRICTED ENDOWMENTS ARE DISTRIBUTED TO CHARITIES AND PROGRAMS IN NORTH EAST, PA THROUGH A COMPETITIVE APPLICATION PROCESS. AFTER PROPER DUE DILIGENCE, GRANTS FROM DONOR ADVISED, SCHOLARSHIP AND DESIGNATED FUNDS ARE MADE IN ACCORDANCE WITH THE RECOMMENDATION OF THE DONOR AND GIFT INSTRUMENTS.

    Expenses $632,391 · Grants $500,226

As filed on the 2023 return.

Listed in Part VII

  • William Lewis

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Vernon Frye

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Robert Jeffrey Esq

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Christopher Miller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Deborah A Phillips

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dan Adamus

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Meehl

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jim Gorzynski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kelly Montefiori

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Johnson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Karen Bilowith

    PRESIDENT

    Total calculated
    $315,668
    From this org
    $0
    From related orgs
    $284,500
    Other
    $31,168
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $257,500 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $7,000 related
    Deferred
    $0 + $19,425 related
    Nontaxable benefits
    $0 + $11,743 related
    Filer's total
    $0 + $315,668 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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
IT IS THE POLICY OF THE FOUNDATION TO CONSIDER MEMBERSHIP IN ORGANIZATIONS THAT WOULD PROMOTE THE ADVANCEMENT OF THE FOUNDATION, ENHANCE THE PROFESSIONAL STANDING OF ITS SENIOR PERSONNEL, AND FACILITATE FAVORABLE COMMUNITY RELATIONS. COSTS IN RELATION TO BENEFITS SHALL BE CONSIDERED. MEMBERSHIP IN AN ORGANIZATION MUST BE USED PRIMARILY FOR BUSINESS PURPOSES. KAREN BILOWITH AND SUSANNAH WEIS FRIGON ARE THE ONLY EMPLOYEES WHO RECEIVE THE SOCIAL CLUB BENEFIT. THIS BENEFIT IS INCLUDED IN COMPENSATION AS A TAXABLE FRINGE BENEFIT.

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

The 10 largest by cash amount. The API serves every itemized grant.

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
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433209349300328

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

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