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Nonprofiteer
← SQUARE ROOTS COMMUNITY PARTNERSHIP INC

Form 990 for tax year 2024

Filed by SQUARE ROOTS COMMUNITY PARTNERSHIP INC.

Totals

Total revenue
$21,816,367
Total expenses
$349,692
Contributions and grants received
$11,451,000
Grants paid
$271,524
Program service revenue
$0
Investment income
$10,365,367
Other revenue
$0
Total assets, end of year
$53,276,935
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$53,276,935
Program services expenses (Part IX)
$271,524
Management and general expenses
$78,168
Fundraising expenses
$0
Program service expenses (Part III)
$271,524

Program services were 77.6% 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

    $11,451,000

  • 1g · Noncash contributions included above

    $11,451,000

  • 3 · Investment income

    total $2,449,251 · excluded $2,449,251

  • 7a · Gross sales of assets other than inventory

    securities $9,885,643

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

    securities $1,969,527

  • 7c · Gain or loss

    securities $7,916,116

  • 7d · Net gain or loss

    total $7,916,116 · excluded $7,916,116

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $271,524 · program services $271,524

  • 11b · Fees: legal

    total $33,838 · management and general $33,838

  • 11c · Fees: accounting

    total $2,660 · management and general $2,660

  • 11f · Fees: investment management

    total $21,223 · management and general $21,223

  • 11g · Fees: other

    total $10,000 · management and general $10,000

  • 17 · Travel

    total $2,861 · management and general $2,861

  • 23 · Insurance

    total $2,058 · management and general $2,058

  • 24a · Other expenses: COMMUNITY EVENTS

    total $5,392 · management and general $5,392

  • 24b · Other expenses: LICENSES AND FEES

    total $136 · management and general $136

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1

  • 2 · Savings and temporary cash investments

    beginning of year $936,738 · end of year $654,005

  • 12 · Investments: other securities

    beginning of year $26,078,482 · end of year $28,782,810

  • 15 · Other assets

    beginning of year $10,751,260 · end of year $23,840,120

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $37,766,481 · end of year $53,276,935

Mission and programs · 2024

Mission

TO UNDERTAKE PROGRAMS AND ACTIVITIES THAT WILL BENEFIT THE CIVIC AND COMMON WELFARE OF SMALL COMMUNITIES IN AMERICA, STARTING WITH KENNETT SQUARE, PENNSYLVANIA.

  • TO UNDERTAKE PROGRAMS AND ACTIVITIES THAT WILL BENEFIT THE CIVIC AND COMMON WELFARE OF SMALL COMMUNITIES IN AMERICA, STARTING WITH KENNETT SQUARE, PENNSYLVANIA.

    Expenses $271,524 · Grants $271,524

As filed on the 2024 return.

Listed in Part VII

  • Stepanie Almanza

    PRESIDENT

    Total calculated
    $34,849
    From this org
    $0
    From related orgs
    $31,013
    Other
    $3,836
    Hours/week
    1 + 8 related

  • Luke Zubrod

    SECRETARY

    Total calculated
    $34,860
    From this org
    $0
    From related orgs
    $32,174
    Other
    $2,686
    Hours/week
    1 + 4 related

  • Josh Yates

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alison Deangelo

    TREASURER

    Total calculated
    $7,716
    From this org
    $2,060
    From related orgs
    $5,656
    Other
    $0
    Hours/week
    1 + 2 related

  • Jose Sabastro

    FORMER VICE PRESIDENT

    Total calculated
    $11,648
    From this org
    $0
    From related orgs
    $11,648
    Other
    $0
    Hours/week
    1 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $11,648 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $11,648 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

None.

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

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

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.

  • WHITE HORSE VENTURES II LLC

    C · ENTITY MANAGEMENT · PA · 100% owned · share of income -$1,132,088 · share of assets $18,818,216 · controlled entity

    Directly controlled by SQUARE ROOTS COMMUNITY PARTNERSHIP INC

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202503179349309575

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