Skip to content
Nonprofiteer
← CHESTER COUNTY COMMUNITY FOUNDATION INC

Form 990 for tax year 2024

Filed by CHESTER COUNTY COMMUNITY FOUNDATION INC.

Totals

Total revenue
$21,125,233
Total expenses
$8,863,509
Contributions and grants received
$13,125,802
Grants paid
$6,591,868
Program service revenue
$77,983
Investment income
$7,921,448
Other revenue
$0
Total assets, end of year
$136,202,115
Total liabilities, end of year
$9,034,741
Net assets or fund balances, end of year
$127,167,374
Program services expenses (Part IX)
$8,449,250
Management and general expenses
$352,158
Fundraising expenses
$62,101
Program service expenses (Part III)
$8,449,250

Program services were 95.3% 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

    $57,335

  • 1f · All other contributions, gifts and grants

    $13,068,467

  • 1g · Noncash contributions included above

    $4,291,115

  • 2a · Program service revenue: SERVICE FEES

    total $77,983 · related or exempt $77,983

  • 3 · Investment income

    total $2,507,737 · unrelated business $2,070 · excluded $2,505,667

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $20,526,009

  • 7b · Less cost or other basis and sales expenses

    securities $15,112,298

  • 7c · Gain or loss

    securities $5,413,711

  • 7d · Net gain or loss

    total $5,413,711 · excluded $5,413,711

  • 8a · Fundraising events: gross income

    $62,390

  • 8a · Fundraising events: contributions included on line 1c

    $57,335

  • 8b · Fundraising events: direct expenses

    $62,390

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,631,524 · program services $5,631,524

  • 2 · Grants to domestic individuals

    total $960,344 · program services $960,344

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $398,012 · program services $311,048 · management and general $71,513 · fundraising $15,451

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $559,115 · program services $438,236 · management and general $99,343 · fundraising $21,536

  • 8 · Pension plan contributions

    total $20,357 · program services $15,417 · management and general $4,017 · fundraising $923

  • 9 · Other employee benefits

    total $31,680 · program services $24,074 · management and general $6,251 · fundraising $1,355

  • 10 · Payroll taxes

    total $66,853 · program services $52,170 · management and general $12,067 · fundraising $2,616

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $19,572 · program services $104 · management and general $19,468

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $345,106 · program services $345,106

  • 11g · Fees: other

    total $230,584 · program services $193,225 · management and general $25,873 · fundraising $11,486

  • 12 · Advertising and promotion

    total $19,265 · program services $17,985 · management and general $1,052 · fundraising $228

  • 13 · Office expenses

    total $107,289 · program services $86,711 · management and general $16,817 · fundraising $3,761

  • 14 · Information technology

    total $81,391 · program services $63,409 · management and general $14,778 · fundraising $3,204

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $21,106 · program services $19,308 · management and general $1,478 · fundraising $320

  • 17 · Travel

    total $1,271 · program services $991 · management and general $230 · fundraising $50

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $24,794 · program services $19,803 · management and general $4,102 · fundraising $889

  • 23 · Insurance

    total $26,922 · program services $2,135 · management and general $24,787

  • 24a · Other expenses: EVENT EXPENSES

    total $265,540 · program services $239,939 · management and general $25,601

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $44,476 · program services $21,000 · management and general $23,476

  • 24c · Other expenses: OTHER EXPENSES

    total $8,308 · program services $6,721 · management and general $1,305 · fundraising $282

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,876 · end of year $21,764

  • 2 · Savings and temporary cash investments

    beginning of year $9,332,579 · end of year $8,242,565

  • 3 · Pledges and grants receivable

    beginning of year $10,788 · end of year $1,700,000

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $91,345 · end of year $95,590

  • 10a · Land, buildings and equipment: cost or other basis

    $949,374

  • 10b · Land, buildings and equipment: accumulated depreciation

    $708,435

  • 10c · Land, buildings and equipment, net

    beginning of year $232,470 · end of year $240,939

  • 11 · Investments: publicly traded securities

    beginning of year $85,423,725 · end of year $100,739,347

  • 12 · Investments: other securities

    beginning of year $23,344,295 · end of year $25,161,910

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $234,100 · end of year $271,383

  • 18 · Grants payable

    beginning of year $192,914 · end of year $274,226

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $7,712,108 · end of year $8,489,132

  • 27 · Net assets without donor restrictions

    beginning of year $110,299,168 · end of year $125,467,374

  • 28 · Net assets with donor restrictions

    beginning of year $10,788 · end of year $1,700,000

Mission and programs · 2024

Mission

THE CHESTER COUNTY COMMUNITY FOUNDATION CONNECTS PEOPLE WHO CARE WITH THE CAUSES THAT MATTER, SO THEIR PHILANTHROPY MAKES A DIFFERENCE NOW AND FOREVER.

Activities or mission (Part I)

CONNECTS PEOPLE WHO CARE WITH THE CAUSES THAT MATTER, SO THEIR PHILANTHROPY MAKES A DIFFERENCE NOW AND FOREVER.

  • THE FOUNDATION HAS BEEN ESTABLISHED FOR THE PURPOSE OF MAINTAINING AND IMPROVING THE QUALITY OF LIFE PRINCIPALLY IN CHESTER COUNTY, PENNSYLVANIA. THE FOUNDATION COLLECTS AND DISTRIBUTES FUNDS TO ASSIST A WIDE RANGE OF COMMUNITY NEEDS THAT INCLUDE EDUCATION, HEALTH AND HUMAN SERVICES, THE ARTS AND SCIENCES, COMMUNITY REVITALIZATION AND THE ENVIRONMENT. REVENUES ARE PRINCIPALLY DERIVED FROM INDIVIDUALS WHO HAVE DISCRETIONARY RESOURCES AND ARE CONCERNED WITH THE FUTURE OF THE CHESTER COUNTY REGION, NONPROFIT AGENCY ENDOWMENTS AND GIVING PROGRAMS FROM MAJOR REGIONAL AND NATIONAL FUNDERS WHO ARE INTERESTED IN INVESTING IN THE CHESTER COUNTY REGION. THE FOUNDATION MAKES CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS, MAINTAINS ENDOWMENTS, BUILDS CITIZEN LEADERSHIP AND DEVELOPS FINANCIAL RESOURCES TO SUPPORT ISSUES THAT ARE IMPORTANT TO CHESTER COUNTY. IT IS THE FOUNDATION'S INTENT TO INVEST IN ACTIVITIES THAT WILL HELP THE CHESTER COUNTY COMMUNITY ANTICIPATE AND AVOID FUTURE PROBLEMS AS WELL AS SEEK SOLUTIONS TO EXISTING NEEDS.

    Expenses $8,449,250 · Grants $6,591,868 · Revenue $77,983

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KAREN SIMMONS

    PRESIDENT/CEO

    Total calculated
    $251,085
    From this org
    $219,138
    From related orgs
    $0
    Other
    $31,947
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $219,138
    Bonus
    $0
    Other
    $0
    Deferred
    $12,716
    Nontaxable benefits
    $19,231
    Filer's total
    $251,085

  • BOB FERGUSON

    EXEC VP, BUSINESS AFFAIRS

    Total calculated
    $135,330
    From this org
    $127,908
    From related orgs
    $0
    Other
    $7,422
    Hours/week
    40

  • ZEBULUN DAVENPORT EDD

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1.12

  • ERIK GUDMUNDSON

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    1.35

  • WINIFRED MORAN SEBASTIAN ESQ

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.48

  • EMILY TEMPLE ABELS ESQ

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1.08

  • LES BEAR

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.96

  • STEPHANIE PAHIDES KALOGREDIS ESQ

    BOARD VICE CHAIR; COMM CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ROB NECARSULMER

    CORP SEC/TRES; COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    0.94

  • MARK MCCARRON

    COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    0.98

  • ELIZABETH ZWANN MILNE ESQ

    COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    0.94

  • JOHN ALLEGRETTO ESQ

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • DENISE ANTONELLI ESQ

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • DEB BOOKMAN

    COMMITTEE MEMBER (TERM 10/24)

    Total calculated
    $0
    Hours/week
    0.12

  • REV DR RICHELLE FOREMAN GUNTER

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • NICHOLAS HOFFMAN CPA

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.81

  • BRONWYN MARTIN PHD

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • NATALIE ORTEGA MORAN EDD

    COMMITTEE MEMBER (TERM 11/24)

    Total calculated
    $0
    Hours/week
    0.12

  • DONNA URIAN CPA

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • DAVID VERMEIL

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • CINDY RAY CPA

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.75

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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
28 January 2026
IRS schema version
2024v5.2
Source object
202620339349300842

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.