Form 990 for tax year 2023
Filed by PENNSYLVANIA COLLEGE OF TECHNOLOGY FOUNDATION INC.
Totals
- Total revenue
- $6,541,925
- Total expenses
- $4,337,096
- Contributions and grants received
- $5,615,729
- Grants paid
- $4,157,880
- Program service revenue
- $0
- Investment income
- $931,901
- Other revenue
- -$5,705
- Total assets, end of year
- $31,946,225
- Total liabilities, end of year
- $142,512
- Net assets or fund balances, end of year
- $31,803,713
- Program services expenses (Part IX)
- $4,157,880
- Management and general expenses
- $136,075
- Fundraising expenses
- $43,141
- Program service expenses (Part III)
- $4,157,880
Program services were 95.9% 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
$182,631
-
1f · All other contributions, gifts and grants
$5,433,098
-
1g · Noncash contributions included above
$226,299
-
3 · Investment income
total $948,329 · excluded $948,329
-
7a · Gross sales of assets other than inventory
securities $1,012,815
-
7b · Less cost or other basis and sales expenses
securities $1,029,243
-
7c · Gain or loss
securities -$16,428
-
7d · Net gain or loss
total -$16,428 · excluded -$16,428
-
8a · Fundraising events: gross income
$121,787
-
8a · Fundraising events: contributions included on line 1c
$182,631
-
8b · Fundraising events: direct expenses
$127,492
-
8c · Net income from fundraising events
total -$5,705 · excluded -$5,705
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,668,289 · program services $2,668,289
-
2 · Grants to domestic individuals
total $1,489,591 · program services $1,489,591
-
11c · Fees: accounting
total $18,055 · management and general $18,055
-
11f · Fees: investment management
total $77,582 · management and general $77,582
-
13 · Office expenses
total $20,241 · management and general $20,241
-
17 · Travel
total $800 · management and general $800
-
23 · Insurance
total $2,393 · management and general $2,393
-
24a · Other expenses: SPECIAL EVENT EXPENSE
total $37,515 · fundraising $37,515
-
24b · Other expenses: BANK FEES
total $8,511 · management and general $8,511
-
24c · Other expenses: PUBLIC RELATIONS
total $5,626 · fundraising $5,626
-
24d · Other expenses: STAFF DEVELOPMENT
total $2,660 · management and general $2,660
-
24e · All other expenses
total $5,833 · management and general $5,833
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $75 · end of year $75
-
2 · Savings and temporary cash investments
beginning of year $3,130,381 · end of year $4,115,060
-
3 · Pledges and grants receivable
beginning of year $1,090,771 · end of year $870,796
-
4 · Accounts receivable
beginning of year $21,450 · end of year $44,900
-
8 · Inventories for sale or use
beginning of year $6,734 · end of year $6,734
-
11 · Investments: publicly traded securities
beginning of year $22,968,209 · end of year $26,686,548
-
15 · Other assets
beginning of year $202,309 · end of year $222,112
-
17 · Accounts payable and accrued expenses
beginning of year $9,000 · end of year $43,478
-
19 · Deferred revenue
beginning of year $4,874 · end of year $9,221
-
25 · Other liabilities
beginning of year $96,617 · end of year $89,813
-
27 · Net assets without donor restrictions
beginning of year $3,449,354 · end of year $4,113,455
-
28 · Net assets with donor restrictions
beginning of year $23,860,084 · end of year $27,690,258
Mission and programs · 2023
Mission
THE PENNSYLVANIA COLLEGE OF TECHNOLOGY FOUNDATION ("FOUNDATION") SHALL OPERATE FOR THE PURPOSE OF SECURING FINANCIAL AND OTHER SUPPORT NECESSARY TO ASSIST THE PENNSYLVANIA COLLEGE OF TECHNOLOGY IN ACHIEVING ITS MISSION OF PROVIDING HANDS-ON TECHNICAL EDUCATION.
Activities or mission (Part I)
SECURING FINANCIAL AND OTHER SUPPORT NECESSARY TO ASSIST THE PENNSYLVANIA COLLEGE OF TECHNOLOGY.
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $4,157,880 · Grants $4,157,880
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
-
DR MICHAEL J REED
DIRECTOR (PRESIDENT PCT)
- Total calculated
- $0
- Hours/week
- 2
-
LINDA K ALBERTS
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
CHRISTOPHER E KEISER
1ST VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
ALLEN W KIESSLING
2ND VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
NICHOLE CRAWFORD
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
DR WILLIAM J MARTIN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
AUBREY V ALEXANDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JAY B ALEXANDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LAWRENCE ALLISON JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ALFREDA C BAER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
AL A CLAPPS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN M CONFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JON P CONKLIN CPA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARC F DEMSHOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BRENT M FISH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHRISTOPHER M GAYMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GEORGE E GIRIO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KENNETH F HEALY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JONAH G HOWE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL J HUDOCK JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PHILIP H JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DANIEL A KLINGERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GEORGE E LOGUE JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DON M LUNDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RAYMOND R MATTIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ANN S PEPPERMAN ESQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RICK QUIGLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JEFFREY W RAUFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOSEPH H REYNOLDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MAGGIE R ROCHE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PAUL H ROONEY JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RICHARD F SCHLUTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARK C SITLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BRUCE A SMITHGALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BLAIR D SOARS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARSHALL D WELCH III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RAY E WHEELAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN M YOUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KAREN S YOUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LONI N KLINE
DIRECTOR/VP COLLEGE RELATIONS
- Total calculated
- $55,859
- From this org
- $45,781
- From related orgs
- $0
- Other
- $10,078
- Hours/week
- 20
-
KYLE A SMITH
EXECUTIVE DIRECTOR
- Total calculated
- $103,066
- From this org
- $77,145
- From related orgs
- $0
- Other
- $25,921
- Hours/week
- 25
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
-
PENNSYLVANIA COLLEGE OF TECHNOLOGY
$2,668,289
TO SUPPORT THE PROGRAMS, SERVICES, AND ACTIVITIES OF PCT, IT'S FACILITIES, STAFF, AND STUDENTS.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530949349300843
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.