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← FOUNDATION FOR POTTSTOWN EDUCATION

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 II

    EXECUTIVE DI

    Total calculated
    $101,439
    From this org
    $97,308
    From related orgs
    $0
    Other
    $4,131
    Hours/week
    40
  • Jenna Armato

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Scott Detar

    TREASURER

    Total calculated
    $0
    Hours/week
    5
  • Gregory Glenn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Judith Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Georgette Howell

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • Gerald Koren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Alan Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jenn O'Donnell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kenil Patel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Robertson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stephen Rodriguez

    EX-OFFICIO M

    Total calculated
    $0
    Hours/week
    1
  • Leticia Santiago

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    5
  • Allison Scott

    SECRETARY

    Total calculated
    $0
    Hours/week
    5
  • Hannah Shankle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Frank Strunk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cindy Whitley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sue Ann Yocom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stephanie 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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