Totals
- Total revenue
- $229,597
- Total expenses
- $234,918
- Contributions and grants received
- $225,104
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $10,127
- Other revenue
- -$5,634
- Total assets, end of year
- $704,023
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $704,023
- Program services expenses (Part IX)
- $208,243
- Management and general expenses
- $18,763
- Fundraising expenses
- $7,912
- Program service expenses (Part III)
- $208,243
Program services were 88.6% 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.
-
1a · Federated campaigns
$1,810
-
1c · Fundraising events
$42,261
-
1f · All other contributions, gifts and grants
$181,033
-
3 · Investment income
total $10,127 · unrelated business $0 · excluded $10,127
-
8a · Fundraising events: gross income
$4,445
-
8a · Fundraising events: contributions included on line 1c
$42,261
-
8b · Fundraising events: direct expenses
$10,079
-
8c · Net income from fundraising events
total -$5,634 · unrelated business $0 · excluded -$5,634
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $25,000 · program services $16,250 · management and general $5,000 · fundraising $3,750
-
7 · Other salaries and wages
total $10,858 · program services $10,858 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $1,730 · program services $1,730 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $6,000 · program services $0 · management and general $6,000 · fundraising $0
-
12 · Advertising and promotion
total $13,402 · program services $2,867 · management and general $7,167 · fundraising $3,368
-
13 · Office expenses
total $1,986 · program services $596 · management and general $596 · fundraising $794
-
16 · Occupancy
total $39,493 · program services $39,493 · management and general $0 · fundraising $0
-
17 · Travel
total $8,582 · program services $8,582 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $41,699 · program services $41,699 · management and general $0 · fundraising $0
-
23 · Insurance
total $19,702 · program services $19,702 · management and general $0 · fundraising $0
-
24a · Other expenses: Stipend
total $20,386 · program services $20,386 · management and general $0 · fundraising $0
-
24b · Other expenses: House monitor
total $6,178 · program services $6,178 · management and general $0 · fundraising $0
-
24c · Other expenses: Food allowance
total $7,810 · program services $7,810 · management and general $0 · fundraising $0
-
24d · Other expenses: House supplies
total $32,092 · program services $32,092 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $220,971 · end of year $225,923
-
10a · Land, buildings and equipment: cost or other basis
$824,376
-
10b · Land, buildings and equipment: accumulated depreciation
$630,328
-
10c · Land, buildings and equipment, net
beginning of year $209,517 · end of year $194,048
-
11 · Investments: publicly traded securities
beginning of year $284,907 · end of year $284,052
-
27 · Net assets without donor restrictions
beginning of year $715,395 · end of year $704,023
Mission and programs · 2022
Mission
To increase substantially the number of well educated young people of color who are capable of assuming positions of responsibility and leadership in American society.
-
Each year, Radnor ABC supports up to ten scholars while they attend Radnor High School. During the school year, the scholars live away from their families and reside in two houses on the same property in Wayne,PA with supervision by a resident director team and resident tutors. Although the Radnor Township School District waives tuition for these students, Radnor ABC still spends approximately $30,000 a year per student.This cost covers numerous expenses, including, but not limited to:food,including weekend food allowance; school supplies;team bonding events;extracurricular activity fees;SAT/ACT registration,study books and preparation classes;travel home for two breaks;compensation for our resident Executive Director, tutors and a weekday cook;and house utilities,supplies,maintenance,repairs and improvements. Radnor ABC relies completely on donations and grants from generous individuals and organizations to maintain its budget.
Expenses $208,243
As filed on the 2022 return.
Listed in Part VII
-
Candyce Wilson
Executive Director
- Total calculated
- $25,000
- From this org
- $0
- From related orgs
- $25,000
- Other
- $0
- Hours/week
- 30
-
Michael Blumberg
President
- Total calculated
- $0
- Hours/week
- 15
-
Michelle Wetzel
Vice President
- Total calculated
- $0
- Hours/week
- 15
-
Vincent Boyd
Treasurer
- Total calculated
- $0
- Hours/week
- 7
-
Laura Janson
Director
- Total calculated
- $0
- Hours/week
- 30
-
Stacy Biscardi
Secretary
- Total calculated
- $0
- Hours/week
- 5
-
Rosalyn Cormier
Director
- Total calculated
- $0
- Hours/week
- 2
-
Gabriella Fontan-Venson
Director
- Total calculated
- $0
- Hours/week
- 2
-
Christine Kingsbery
Director
- Total calculated
- $0
- Hours/week
- 2
-
Russlee Armstrong
Director
- Total calculated
- $0
- Hours/week
- 2
-
Ed Ruby
Director
- Total calculated
- $0
- Hours/week
- 2
-
Remell Chung
Director
- Total calculated
- $0
- Hours/week
- 2
-
Sarah Green
Director
- Total calculated
- $0
- Hours/week
- 2
-
Bruce Trachtenberg
Director
- Total calculated
- $0
- Hours/week
- 2
-
Dave Webb
Director
- Total calculated
- $0
- Hours/week
- 2
-
Amy Wildey
Director
- Total calculated
- $0
- Hours/week
- 2
-
Michael Homans
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jane Puttanniah
Director
- Total calculated
- $0
- Hours/week
- 2
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202440369349301004
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