Form 990 for tax year 2024
Filed by FOUNDATION FOR POTTSTOWN EDUCATION.
Totals
- Total revenue
- $454,654
- Total expenses
- $363,629
- Contributions and grants received
- $401,377
- Grants paid
- $183,833
- Program service revenue
- $0
- Investment income
- $51,866
- Other revenue
- $1,411
- Total assets, end of year
- $1,664,058
- Total liabilities, end of year
- $5,615
- Net assets or fund balances, end of year
- $1,658,443
- Program services expenses (Part IX)
- $213,316
- Management and general expenses
- $125,934
- Fundraising expenses
- $24,379
- Program service expenses (Part III)
- $213,316
Program services were 58.7% 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
$21,945
-
1f · All other contributions, gifts and grants
$379,432
-
1g · Noncash contributions included above
$324
-
3 · Investment income
total $46,672 · excluded $46,672
-
7a · Gross sales of assets other than inventory
securities $173,860
-
7b · Less cost or other basis and sales expenses
securities $168,666
-
7c · Gain or loss
securities $5,194
-
7d · Net gain or loss
total $5,194 · related or exempt $5,194
-
8a · Fundraising events: gross income
$8,563
-
8a · Fundraising events: contributions included on line 1c
$21,945
-
8b · Fundraising events: direct expenses
$7,417
-
8c · Net income from fundraising events
total $1,146 · excluded $1,146
-
11a · Other revenue: MISCELLANEOUS INCOME
total $265 · related or exempt $265
-
11e · Other revenue, total
$265
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $100,180 · program services $100,180
-
2 · Grants to domestic individuals
total $83,653 · program services $83,653
-
5 · Compensation of officers, directors and key employees
total $97,308 · program services $15,569 · management and general $70,062 · fundraising $11,677
-
7 · Other salaries and wages
total $19,560 · program services $3,130 · management and general $14,083 · fundraising $2,347
-
9 · Other employee benefits
total $9,916 · program services $1,587 · management and general $7,139 · fundraising $1,190
-
10 · Payroll taxes
total $9,294 · program services $1,487 · management and general $6,692 · fundraising $1,115
-
11b · Fees: legal
total $1,308 · management and general $1,308
-
11c · Fees: accounting
total $7,276 · management and general $7,276
-
11f · Fees: investment management
total $7,757 · management and general $7,757
-
11g · Fees: other
total $1,863 · management and general $1,863
-
12 · Advertising and promotion
total $1,703 · program services $852 · fundraising $851
-
13 · Office expenses
total $5,554 · program services $1,863 · management and general $1,281 · fundraising $2,410
-
14 · Information technology
total $5,575 · program services $2,787 · fundraising $2,788
-
17 · Travel
total $2,472 · program services $618 · management and general $865 · fundraising $989
-
19 · Conferences, conventions and meetings
total $2,620 · management and general $2,620
-
23 · Insurance
total $3,222 · program services $88 · management and general $3,068 · fundraising $66
-
24a · Other expenses: MISCELLANEOUS
total $2,245 · program services $1,502 · management and general $150 · fundraising $593
-
24b · Other expenses: DUES & SUBSCRIPTIONS
total $1,264 · management and general $911 · fundraising $353
-
24c · Other expenses: MEALS & ENTERTAINMENT
total $859 · management and general $859
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $20,636 · end of year $9,696
-
2 · Savings and temporary cash investments
beginning of year $231,458 · end of year $318,520
-
4 · Accounts receivable
end of year $2,275
-
7 · Other notes and loans receivable
beginning of year $30,000 · end of year $18,000
-
10a · Land, buildings and equipment: cost or other basis
$20,335
-
10b · Land, buildings and equipment: accumulated depreciation
$20,335
-
11 · Investments: publicly traded securities
beginning of year $1,205,720 · end of year $1,315,567
-
17 · Accounts payable and accrued expenses
beginning of year $5,669 · end of year $5,615
-
27 · Net assets without donor restrictions
beginning of year $87,971 · end of year $109,561
-
28 · Net assets with donor restrictions
beginning of year $1,394,174 · end of year $1,548,882
Mission and programs · 2024
Mission
THE MISSION OF THE FOUNDATION FOR POTTSTOWN EDUCATION IS TO RAISE FUNDS FOR AND SUPPORT LIFE-CHANGING EDUCATIONAL OPPORTUNITIES FOR THE STUDENTS AND TEACHERS IN THE POTTSTOWN SCHOOL DISTRICT PROMOTING THE ENHANCEMENT OF OUR COMMUNITY.
Activities or mission (Part I)
THE FOUNDATION WORKS TO SUPPORT OPPORTUNITIES TO FULLY DEVELOP STUDENTS' POTENTIAL.
-
THE FOUNDATION PROVIDES FUNDS FOR SCHOLARSHIPS, ATHLETIC EQUIPMENT & FACILITIES, BOOKS AND AWARD WINNING ACADEMIC PROGRAMS SUCH AS PEAK (POTTSTOWN EARLY ACTION FOR KINDERGARTEN READINESS) AND DUAL ENROLLMENT AT MONTGOMERY COUNTY COMMUNITY COLLEGE.
Expenses $213,316 · Grants $183,833
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Joseph W Rusiewicz IIJOSEPH W RUSIEWICZ II
EXECUTIVE DI
- Total calculated
- $101,439
- From this org
- $97,308
- From related orgs
- $0
- Other
- $4,131
- Hours/week
- 40
-
Jenna ArmatoJENNA ARMATO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott DetarSCOTT DETAR
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Gregory GlennGREGORY GLENN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Judith GreenJUDITH GREEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Georgette HowellGEORGETTE HOWELL
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Gerald KorenGERALD KOREN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David MillerDAVID MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alan MitchellALAN MITCHELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jenn O'DonnellJENN O'DONNELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kenil PatelKENIL PATEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John RobertsonJOHN ROBERTSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen RodriguezSTEPHEN RODRIGUEZ
EX-OFFICIO M
- Total calculated
- $0
- Hours/week
- 1
-
Leticia SantiagoLETICIA SANTIAGO
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 5
-
Allison ScottALLISON SCOTT
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Hannah ShankleHANNAH SHANKLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Frank StrunkFRANK STRUNK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cindy WhitleyCINDY WHITLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sue Ann YocomSUE ANN YOCOM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie ZieglerSTEPHANIE ZIEGLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
-
MONTGOMERY COUNTY COMMUNITY COLLEGE
$59,721
EARLY COLLEGE PROG
-
POTTSTOWN SCHOOL DISTRICT
$40,459
VARIOUS PROGRAM SUPP
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 31 October 2025
- IRS schema version
- 2024v5.0
- Source object
- 202513079349302096
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