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Nonprofiteer
← PHILADELPHIA CLUB FOUNDATION INC

Form 990 for tax year 2023

Filed by PHILADELPHIA CLUB FOUNDATION INC.

Totals

Total revenue
$179,134
Total expenses
$114,236
Contributions and grants received
$99,967
Grants paid
$66,865
Program service revenue
$0
Investment income
$38,271
Other revenue
$40,896
Total assets, end of year
$890,844
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$890,844
Program services expenses (Part IX)
$104,607
Management and general expenses
$9,629
Fundraising expenses
$0
Program service expenses (Part III)
$104,607

Program services were 91.6% 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

    $99,967

  • 3 · Investment income

    total $38,271 · excluded $38,271

  • 8a · Fundraising events: gross income

    $147,119

  • 8b · Fundraising events: direct expenses

    $106,223

  • 8c · Net income from fundraising events

    total $40,896 · excluded $40,896

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,900 · program services $20,900

  • 2 · Grants to domestic individuals

    total $45,965 · program services $45,965

  • 23 · Insurance

    total $1,751 · management and general $1,751

  • 24a · Other expenses: EDUCATION EXPENSES

    total $37,742 · program services $37,742

  • 24b · Other expenses: ADMINISTRATIVE

    total $7,703 · management and general $7,703

  • 24c · Other expenses: MISCELLANEOUS

    total $175 · management and general $175

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $19,031 · end of year $32,043

  • 4 · Accounts receivable

    beginning of year $20,570 · end of year $33,905

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,751 · end of year $2,031

  • 13 · Investments: program-related

    beginning of year $768,457 · end of year $822,865

  • 27 · Net assets without donor restrictions

    beginning of year $809,809 · end of year $890,844

Mission and programs · 2023

Mission

THE PURPOSE OF PHILADELPHIA CLUB FOUNDATION INC IS I) TO HOST AN ANNUAL GOLF TOURNAMENT SPONSORED BY THE PHILADELPHIA AND NEW JERSEY CHAPTERS OF THE CLUB MANAGERS ASSOCIATION OF AMERICA IN ORDER TO RAISE FUNDS FOR MAKE-A-WISH FOUNDATION AND OTHER CHARITABLE ORGANIZATIONS II) TO FINANCIALLY SUPPORT EDUCATIONAL PROGRAMS FOR MEMBERS OF THE PHILADELPHIA CHAPTER OF THE CLUB MANAGERS ASSOCIATION OF AMERICA WHO ARE WORKING AS CLUB MANAGERS AND ASSISTANT MANAGERS IN ORDER TO FURTHER THE CLUB MANAGEMENT PROFESSION THROUGH CONTINUING EDUCATION PROGRAMS III) TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS INTERESTED IN THE CLUB AND/OR HOSPITALITY PROGRAMS, AND IV) PROMOTE THE CLUB MANAGEMENT PROFESSION THROUGH ACADEMIC PROGRAMS OFFERED BY COMMUNITY COLLEGES, TRADE SCHOOLS, CULINARY SCHOOLS AND UNIVERSITIES, BOTH IN PENNSYLVANIA AND IN OTHER STATES.

Activities or mission (Part I)

DEDICATED TO RAISING FUNDS TO PROVIDE FUNDING FOR MANAGERS IN OUR LOCAL CHAPTER WITH ASSISTANCE IN EDUCATION, THROUGH SCHOLARSHIPS AND GRANTS.

  • PROVIDE SCHOLARSHIPS TO SUPPORT EDUCATIONAL PROGRAMS FOR CLUB MANAGERS AND STUDENTS INTERESTED IN THE CLUB AND/OR HOSPITALITY FIELD.

    Expenses $83,707 · Grants $45,965 · Revenue $54,395

  • HOLD AN ANNUAL GOLF OUTING TO RAISE MONEY FOR A CHARITABLE CONTRIBUTION TO THE MAKE-A-WISH FOUNDATION OF PHILADELPHIA.

    Expenses $20,900 · Grants $20,900 · Revenue $92,724

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

Listed in Part VII

  • JOSEPH MENDEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY P MCFADDEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JON SCHNEIDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROB ANEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KIMBERLY BRADY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAULA KELLY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RACHEL LEACE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR ALI POORANI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KAREN TOWSEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JANINE BUDZIUS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • LINDA COZZI

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • COLIN MACK-ALLEN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202413109349303416

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