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Nonprofiteer
← CORRY COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by CORRY COMMUNITY FOUNDATION.

Totals

Total revenue
$893,790
Total expenses
$1,071,914
Contributions and grants received
$371,244
Grants paid
$811,791
Program service revenue
$0
Investment income
$522,546
Other revenue
$0
Total assets, end of year
$17,745,270
Total liabilities, end of year
$188,967
Net assets or fund balances, end of year
$17,556,303
Program services expenses (Part IX)
$954,194
Management and general expenses
$108,479
Fundraising expenses
$9,241
Program service expenses (Part III)
$954,194

Program services were 89.0% 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

    $371,244

  • 3 · Investment income

    total $171,191 · excluded $171,191

  • 7a · Gross sales of assets other than inventory

    securities $3,855,424

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

    securities $3,504,069

  • 7c · Gain or loss

    securities $351,355

  • 7d · Net gain or loss

    total $351,355 · excluded $351,355

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $728,651 · program services $728,651

  • 2 · Grants to domestic individuals

    total $83,140 · program services $83,140

  • 11a · Fees: management

    total $145,808 · program services $138,454 · management and general $3,677 · fundraising $3,677

  • 11f · Fees: investment management

    total $100,637 · management and general $100,637

  • 11g · Fees: other

    total $289 · program services $29 · management and general $130 · fundraising $130

  • 12 · Advertising and promotion

    total $3,280 · program services $656 · management and general $656 · fundraising $1,968

  • 13 · Office expenses

    total $602 · program services $191 · management and general $162 · fundraising $249

  • 14 · Information technology

    total $1,445 · program services $483 · management and general $481 · fundraising $481

  • 19 · Conferences, conventions and meetings

    total $7,911 · program services $2,575 · management and general $2,668 · fundraising $2,668

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

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

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $44,503 · end of year $19,261

  • 4 · Accounts receivable

    beginning of year $115,000 · end of year $53,807

  • 11 · Investments: publicly traded securities

    beginning of year $7,932,910 · end of year $8,418,853

  • 12 · Investments: other securities

    beginning of year $7,656,178 · end of year $8,915,682

  • 13 · Investments: program-related

    beginning of year $1,011,761 · end of year $337,667

  • 17 · Accounts payable and accrued expenses

    end of year $5

  • 18 · Grants payable

    beginning of year $253,107 · end of year $188,962

  • 27 · Net assets without donor restrictions

    beginning of year $16,507,245 · end of year $17,556,303

Mission and programs · 2023

Mission

THE CORRY COMMUNITY FOUNDATION WORKS TO CONNECT DONORS TO THEIR FAVORITE CHARITIES BY CREATING ENDOWMENTS IN ORDER TO ACHIEVE DONORS' PHILANTHROPIC INTERESTS.

Activities or mission (Part I)

PUBLIC CHARITY COMMUNITY FOUNDATION

  • THE CORRY COMMUNITY FOUNDATION, THROUGH DONATIONS FROM THE GENERAL PUBLIC, MADE GRANTS TO ORGANIZATIONS IN CORRY, PA FOR EDUCATION, ARTS, HEALTH SERVICES, HUMAN SERVICES, CIVIC SERVICES AND ECONOMIC DEVELOPMENT.

    Expenses $954,194 · Grants $811,791

As filed on the 2023 return.

Listed in Part VII

  • Chip Colwell

    TRUSTEE (EMERITUS - NON VO

    Total calculated
    $0
    Hours/week
    1

  • Jill Gibson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Pat Goodsel

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Wendy Neckers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rick Peterson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Marne Roche

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dave Sample

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mary Alice Hammond

    TRUSTEE (EMERITUS - NON VO

    Total calculated
    $0
    Hours/week
    1

  • Mamie Sprandel

    TRUSTEE (EMERITUS - NON VO

    Total calculated
    $0
    Hours/week
    1

  • Bill Nichols

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Jason Halfast

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kim Hawkes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bill Roche

    TRUSTEE (EMERITUS - NON VO

    Total calculated
    $0
    Hours/week
    1

  • Scott Fogle

    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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PERPETUAL TRUSTS (3)

    CHARITABLE GIVING · PA

    Directly controlled by ECF

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202423209349306302

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