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Nonprofiteer
← GIRARD COLLEGE FOUNDATION

Form 990 for tax year 2023

Filed by GIRARD COLLEGE FOUNDATION.

Totals

Total revenue
$741,438
Total expenses
$750,432
Contributions and grants received
$741,438
Grants paid
$640,329
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$5,163,031
Total liabilities, end of year
$184,128
Net assets or fund balances, end of year
$4,978,903
Program services expenses (Part IX)
$743,206
Management and general expenses
$5,050
Fundraising expenses
$2,176
Program service expenses (Part III)
$743,206

Program services were 99.0% 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

    $741,438

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $640,329 · program services $640,329

  • 11b · Fees: legal

    total $2,714 · management and general $2,714

  • 13 · Office expenses

    total $102,577 · program services $102,577

  • 24a · Other expenses: STATE FILING FEES

    total $4,812 · program services $300 · management and general $2,336 · fundraising $2,176

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $395,624 · end of year $439,364

  • 11 · Investments: publicly traded securities

    beginning of year $3,668,660 · end of year $4,128,674

  • 15 · Other assets

    beginning of year $572,049 · end of year $594,993

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,211 · end of year $1,962

  • 18 · Grants payable

    beginning of year $147,358 · end of year $182,166

  • 27 · Net assets without donor restrictions

    beginning of year $1,324,118 · end of year $1,532,223

  • 28 · Net assets with donor restrictions

    beginning of year $3,120,646 · end of year $3,446,680

Mission and programs · 2023

Mission

TO PROMOTE AND ENHANCE THE EDUCATIONAL FACILITIES AND SERVICES PROVIDED TO THE STUDENTS OF GIRARD COLLEGE (AN ELEMENTARY AND SECONDARY SCHOOL) AND OTHER PHILADELPHIA AREA SCHOOLS BY RAISING FUNDS FROM THE ALUMNI AND FRIENDS FOR THESE INSTITUTIONS.

  • PENNSYLVANIA OPPORTUNITY SCHOLARSHIP TAX CREDIT PROGRAM:THE PROGRAM PROVIDES TAX CREDITS TO ELIGIBLE BUSINESSES CONTRIBUTING TO AN OPPORTUNITY SCHOLARSHIP ORGANIZATION. BUSINESS CONTRIBUTIONS ARE THEN USED BY OPPORTUNITY SCHOLARSHIP ORGANIZATIONS TO PROVIDE TUITION ASSISTANCE IN THE FORM OF SCHOLARSHIPS TO ELIGIBLE STUDENTS RESIDING WITHIN THE BOUNDARIES OF A LOW-ACHIEVING SCHOOL IN THE COMMONWEALTH OF PENNSYLVANIA TO ATTEND ANOTHER PUBLIC SCHOOL OUTSIDE OF THEIR DISTRICT OR NONPUBLIC SCHOOL. A LOW-ACHIEVING SCHOOL IS DEFINED AS A PUBLIC ELEMENTARY OR SECONDARY SCHOOL RANKING IN THE BOTTOM 15 PERCENT OF THEIR DESIGNATION AS AN ELEMENTARY OR SECONDARY SCHOOL BASED UPON COMBINED MATH AND READING PENNSYLVANIA SYSTEM OF SCHOOL ASSESSMENT (PSSA) SCORES.THE GIRARD COLLEGE FOUNDATION IS AN OPPORTUNITY SCHOLARSHIP ORGANIZATION AND USED THESE PROCEEDS TO PROVIDE APPROXIMATELY 80 PARTIAL SCHOLARSHIPS TO STUDENTS THAT ATTENDED GIRARD COLLEGE DURING THE 2023-2024 SCHOOL YEAR.

    Expenses $481,700 · Grants $481,700

  • PENNSYLVANIA EDUCATIONAL IMPROVEMENT TAX CREDIT PROGRAM:THIS PROGRAM PROVIDES TAX CREDITS TO ELIGIBLE BUSINESSES CONTRIBUTING TO SCHOLARSHIP ORGANIZATIONS AND/OR EDUCATIONAL IMPROVEMENT ORGANIZATIONS AND/OR PRE-K SCHOLARSHIP ORGANIZATIONS CONTAINED ON A LIST PUBLISHED BY THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT. BUSINESS CONTRIBUTIONS ARE THEN USED BY SCHOLARSHIP ORGANIZATIONS AND/OR EDUCATIONAL IMPROVEMENT ORGANIZATIONS AND/OR PRE-K SCHOLARSHIP ORGANIZATIONS TO PROVIDE TUITION ASSISTANCE IN THE FORM OF SCHOLARSHIPS TO ELIGIBLE STUDENTS RESIDING WITHIN THE COMMONWEALTH OF PENNSYLVANIA.THE GIRARD COLLEGE FOUNDATION IS A SCHOLARSHIP ORGANIZATION AND USED THESE PROCEEDS TO PROVIDE APPROXIMATELY FIFTEEN (15) PARTIAL SCHOLARSHIPS TO STUDENTS THAT ATTENDED GIRARD COLLEGE DURING THE 2023-2024 SCHOOL YEAR.

    Expenses $143,000 · Grants $143,000

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $118,506 · Grants $15,629

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Joseph Samuel

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • John Leone

    VP & ACTING TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Chad Burkhardt

    DIRECTOR (TO 06/2024)

    Total calculated
    $0
    Hours/week
    0.5

  • Henry Fairfax

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Peter W Shoemaker

    DIRECTOR (TO 06/2024)

    Total calculated
    $0
    Hours/week
    0.5

  • Omar T Woodard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ron Marrero

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jason Foster-Bey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Bob Trostel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Joseph Garbarino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Bob Burleigh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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

  • GIRARD COLLEGE

    $640,329

    FOR TUITION ASSISTANCE FOR STUDENTS ATTENDING GIRARD COLLEGE.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202501349349302045

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