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← ADAGP CHARITABLE FOUNDATION

Form 990 for tax year 2024

Filed by ADAGP CHARITABLE FOUNDATION.

Totals

Total revenue
$1,197,377
Total expenses
$2,045,954
Contributions and grants received
$1,058,502
Grants paid
$1,097,836
Program service revenue
$0
Investment income
$127,058
Other revenue
$11,817
Total assets, end of year
$5,025,131
Total liabilities, end of year
$475,923
Net assets or fund balances, end of year
$4,549,208
Program services expenses (Part IX)
$1,577,213
Management and general expenses
$256,343
Fundraising expenses
$212,398
Program service expenses (Part III)
$1,577,213

Program services were 77.1% 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.

  • 1c · Fundraising events

    $451,199

  • 1f · All other contributions, gifts and grants

    $607,303

  • 3 · Investment income

    total $127,058 · excluded $127,058

  • 8a · Fundraising events: gross income

    $731,162

  • 8a · Fundraising events: contributions included on line 1c

    $451,199

  • 8b · Fundraising events: direct expenses

    $719,345

  • 8c · Net income from fundraising events

    total $11,817 · excluded $11,817

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,097,836 · program services $1,097,836

  • 11a · Fees: management

    total $786,435 · program services $388,032 · management and general $200,862 · fundraising $197,541

  • 11c · Fees: accounting

    total $41,926 · management and general $41,926

  • 12 · Advertising and promotion

    total $50,158 · program services $50,158

  • 13 · Office expenses

    total $14,272 · program services $1,830 · management and general $12,442

  • 17 · Travel

    total $375 · management and general $375

  • 22 · Depreciation, depletion and amortization

    total $738 · management and general $738

  • 23 · Insurance

    total $5,197 · program services $5,197

  • 24a · Other expenses: EVENT PRODUCTION

    total $34,160 · program services $34,160

  • 24b · Other expenses: BANK AND CREDIT CARD FE

    total $14,857 · fundraising $14,857

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $444,604 · end of year $596,772

  • 4 · Accounts receivable

    beginning of year $23,245 · end of year $27,529

  • 9 · Prepaid expenses and deferred charges

    beginning of year $48,012 · end of year $13,025

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

    $38,850

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

    $29,591

  • 10c · Land, buildings and equipment, net

    beginning of year $9,997 · end of year $9,259

  • 12 · Investments: other securities

    beginning of year $5,210,582 · end of year $4,372,656

  • 15 · Other assets

    beginning of year $6,478 · end of year $5,890

  • 17 · Accounts payable and accrued expenses

    beginning of year $672,304 · end of year $451,560

  • 19 · Deferred revenue

    beginning of year $107,845 · end of year $24,363

  • 27 · Net assets without donor restrictions

    beginning of year $4,962,769 · end of year $4,549,208

Mission and programs · 2024

Mission

TO ENHANCE AND ENRICH THE LIVES OF CHILDREN AND YOUTH IN THE COMMUNITIES WHERE ITS DEALER MEMBERS WORK AND LIVE. IT ORGANIZES ANNUAL NEW COAT PROGRAM AND DONATES TENS OF THOUSANDS OF NEW WINTER COATS TO LOCAL CHILDREN IN NEED.

Activities or mission (Part I)

TO ENHANCE & ENRICH THE LIVES OF CHILDREN & YOUTH IN THE COMMUNITIES WHERE ITS DEALER MEMBERS WORK & LIVE.

  • THE MISSION OF THE NEW COAT PROGRAM IS CLEAR AND SIMPLE; TO PROVIDE NEW WINTER COATS TO LOCAL CHILDREN IN NEED WHO WOULD OTHERWISE GO WITHOUT THEM. THE PROGRAM RECEIVED SUPPORT FROM 180 NEW CAR DEALERSHIPS TO GIVE AWAY 50,000 NEW, CHILD SIZE COATS IN THE FALL OF 2024. THE FOUNDATION AND THE DEALERSHIPS PARTNERED WITH OVER 300 SOCIAL SERVICES AGENCIES TO GET THE NEW COATS TO THE CHILDREN WHO NEED THEM MOST.

    Expenses $1,104,840 · Grants $800,000

  • THIS GRANT WAS MADE TO CHILDREN'S HOSPITAL OF PHILADELPHIA TO HONOR OUR CONDITIONAL PLEDGE AGREEMENT FOR THE CAPITAL CAMPAIGN FOR THE NEW HOSPITAL IN KING OF PRUSSIA AND TO BENEFIT THE DEPARTMENT OF NURSING TO SUPPORT CERTIFICATION PROGRAMS FOR THE NURSING STAFF.

    Expenses $414,246 · Grants $297,836

  • THE GREATER PHILADELPHIA AUTO TECHNOLOGY COMPETITION FOR HIGH SCHOOL SENIORS PROMOTES AUTO TECHNOLOGY AS A WISE CAREER CHOICE AND IT ENCOURAGES STUDENTS TO CONTINUE THEIR AUTO EDUCATION WHILE IT PROVIDES A VENUE FOR THEM TO COMPETE FOR SCHOLARSHIPS AND TOOLS.

    Expenses $58,127

As filed on the 2024 return.

Listed in Part VII

  • JEFF GLANZMANN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JASON FRIEDMAN

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TOM HESSERT

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PETER LUSTGARTEN

    SECRETARY / TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DOMINIC CONICELLI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES F DUNPHY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DONALD J FRANKS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAY HAENN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID KELLEHER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SCOTT LUSTGARTEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARIA PACIFICO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID B PENSKE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KEVIN MAZZUCOLA

    EXECUTIVE DIRECTOR (THRU 6/30/25)

    Total calculated
    $423,340
    From this org
    $0
    From related orgs
    $360,683
    Other
    $62,657
    Hours/week
    16 + 24 related

    Schedule J breakdown matched by us

    Base
    $0 + $349,764 related
    Bonus
    $0
    Other
    $0 + $10,919 related
    Deferred
    $0 + $18,586 related
    Nontaxable benefits
    $0 + $44,071 related
    Filer's total
    $0 + $423,340 related

  • MICHELLE GREGORY EFF JUNE 2025

    CHIEF FINANCIAL & OPERATING OFFICER

    Total calculated
    $0
    Hours/week
    16 + 24 related

  • MICHAEL GEMPP

    AUTO SHOW DIRECTOR

    Total calculated
    $354,042
    From this org
    $0
    From related orgs
    $311,668
    Other
    $42,374
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $302,495 related
    Bonus
    $0
    Other
    $0 + $9,173 related
    Deferred
    $0 + $15,299 related
    Nontaxable benefits
    $0 + $27,075 related
    Filer's total
    $0 + $354,042 related

  • HECTOR GUZMAN

    FIELD DIRECTOR

    Total calculated
    $164,740
    From this org
    $0
    From related orgs
    $148,064
    Other
    $16,676
    Hours/week
    16 + 24 related

    Schedule J breakdown matched by us

    Base
    $0 + $144,670 related
    Bonus
    $0
    Other
    $0 + $3,394 related
    Deferred
    $0 + $8,669 related
    Nontaxable benefits
    $0 + $8,007 related
    Filer's total
    $0 + $164,740 related

  • ERIC CALDARALE

    CREATIVE DIRECTOR

    Total calculated
    $131,769
    From this org
    $0
    From related orgs
    $117,200
    Other
    $14,569
    Hours/week
    20 + 20 related

  • ANDREA SIMPSON

    PR & COMMUNICATIONS DIRECTOR

    Total calculated
    $118,411
    From this org
    $0
    From related orgs
    $105,035
    Other
    $13,376
    Hours/week
    16 + 24 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

  • 4a · Severance or change-of-control payment

Answered no

  • 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 3
THERE IS A WRITTEN EMPLOYMENT CONTRACT FOR THE EXECUTIVE DIRECTOR OF AUTO DEALERS ASSOCIATION OF GREATER PHILADELPHIA. IN ADDITION, THE BOARD OF DIRECTORS DETERMINES AND APPROVES THE EXECUTIVE DIRECTOR'S COMPENSATION.
PART I, LINE 4A
THE EXECUTIVE DIRECTOR WHO LEFT AT THE END OF THE FISCAL YEAR RECEIVED A SEVERANCE OF $32,821, REPRESENTING THE INITIATION FEE AND A ONE-YEAR ANNUAL MEMBERSHIP FOR A GOLF CLUB WHICH WAS PAID SUBSEQUENT TO THE FISCAL YEAR END AND WILL BE INCLUDED IN HIS W-2 FOR 2025.

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

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
13 November 2025
IRS schema version
2024v5.2
Source object
202543189349301934

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