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Nonprofiteer
← GOODWILL KEYSTONE AREA FOUNDATION

Form 990 for tax year 2023

Filed by GOODWILL KEYSTONE AREA FOUNDATION.

Totals

Total revenue
$441,238
Total expenses
$653,329
Contributions and grants received
$32,576
Grants paid
$548,239
Program service revenue
$0
Investment income
$228,662
Other revenue
$180,000
Total assets, end of year
$11,463,905
Total liabilities, end of year
$92,680
Net assets or fund balances, end of year
$11,371,225
Program services expenses (Part IX)
$577,058
Management and general expenses
$58,842
Fundraising expenses
$17,429
Program service expenses (Part III)
$577,058

Program services were 88.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KENNETH NORMAN

    BOARD MBR, C

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • HARRIS T BOOKER

    BOARD MBR,VI

    Total calculated
    $0
    Hours/week
    1 + 0.3 related

  • MARION C ALEXANDER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.3 related

  • PAUL MATTAINI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DRU RAI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHAEL CURCI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KAREN NORHEIM

    BOARD MBR TH

    Total calculated
    $0
    Hours/week
    1

  • EDWARD J LADA JR

    PRESIDENT

    Total calculated
    $512,749
    From this org
    $0
    From related orgs
    $504,769
    Other
    $7,980
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    not reported + $446,494 related
    Bonus
    not reported + $58,275 related
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $7,980 related
    Filer's total
    not reported + $512,749 related

  • COLLEEN MCAULIFFE

    VP & TREASUR

    Total calculated
    $384,702
    From this org
    $0
    From related orgs
    $376,722
    Other
    $7,980
    Hours/week
    1.5 + 42 related

    Schedule J breakdown matched by us

    Base
    not reported + $336,784 related
    Bonus
    not reported + $39,938 related
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $7,980 related
    Filer's total
    not reported + $384,702 related

  • SUE SODERBERG

    VP & SECRETA

    Total calculated
    $234,958
    From this org
    $0
    From related orgs
    $226,978
    Other
    $7,980
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $199,204 related
    Bonus
    not reported + $27,774 related
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $7,980 related
    Filer's total
    not reported + $234,958 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

  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings

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
  • 6a · Pay contingent on this organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 3
THE COMPENSATION FOR THE ORGANIZATION'S PRESIDENT IS SET BY A RELATED ORGANIZATION, GOODWILL KEYSTONE AREA (GKA). GKA USES AN INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY GKA'S BOARD TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT.
SCHEDULE J, PAGE 1, PART I, LINE 5B
A BOARD APPROVED INCENTIVE COMPENSATION PROGRAM PROVIDES FOR POSSIBLE ANNUAL BONUS PAYMENTS BASED UPON A WEIGHTED FORMULA COMPRISED OF 50% FOR MISSION GOALS ACCOMPLISHED, 25% FOR ACHIEVED REVENUE OVER BUDGET, AND 25% FOR ACHIEVED NET MARGIN OVER BUDGET.
SCHEDULE J, PAGE 1, PART I, LINE 6B
A BOARD APPROVED INCENTIVE COMPENSATION PROGRAM PROVIDES FOR POSSIBLE ANNUAL BONUS PAYMENTS BASED UPON A WEIGHTED FORMULA COMPRISED OF 50% FOR MISSION GOALS ACCOMPLISHED, 25% FOR ACHIEVED REVENUE OVER BUDGET, AND 25% FOR ACHIEVED NET MARGIN OVER BUDGET.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
17 January 2025
IRS schema version
2023v6.0
Source object
202520179349300927

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