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Nonprofiteer
← CHESTER COUNTY COMMUNITY FOUNDATION INC

Form 990 for tax year 2022

Filed by CHESTER COUNTY COMMUNITY FOUNDATION INC.

Totals

Total revenue
$20,699,529
Total expenses
$8,621,620
Contributions and grants received
$19,035,180
Grants paid
$6,436,322
Program service revenue
$61,476
Investment income
$1,657,373
Other revenue
-$54,500
Total assets, end of year
$103,228,321
Total liabilities, end of year
$7,027,411
Net assets or fund balances, end of year
$96,200,910
Program services expenses (Part IX)
$8,185,187
Management and general expenses
$397,673
Fundraising expenses
$38,760
Program service expenses (Part III)
$8,185,187

Program services were 94.9% 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.

  • 1b · Membership dues

    $7,150

  • 1c · Fundraising events

    $60,385

  • 1f · All other contributions, gifts and grants

    $18,967,645

  • 1g · Noncash contributions included above

    $14,655,921

  • 2a · Program service revenue: SERVICE FEES

    total $61,476 · related or exempt $61,476

  • 3 · Investment income

    total $2,036,367 · excluded $2,036,367

  • 7a · Gross sales of assets other than inventory

    securities $17,972,175

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

    securities $18,351,169

  • 7c · Gain or loss

    securities -$378,994

  • 7d · Net gain or loss

    total -$378,994 · excluded -$378,994

  • 8a · Fundraising events: gross income

    $5,680

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

    $60,385

  • 8b · Fundraising events: direct expenses

    $60,180

  • 8c · Net income from fundraising events

    total -$54,500 · excluded -$54,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,749,401 · program services $5,749,401

  • 2 · Grants to domestic individuals

    total $686,921 · program services $686,921

  • 5 · Compensation of officers, directors and key employees

    total $371,029 · program services $233,655 · management and general $125,340 · fundraising $12,034

  • 7 · Other salaries and wages

    total $553,317 · program services $504,246 · management and general $34,776 · fundraising $14,295

  • 8 · Pension plan contributions

    total $17,712 · program services $16,508 · management and general $595 · fundraising $609

  • 9 · Other employee benefits

    total $55,732 · program services $40,550 · management and general $13,142 · fundraising $2,040

  • 10 · Payroll taxes

    total $57,944 · program services $45,507 · management and general $10,660 · fundraising $1,777

  • 11f · Fees: investment management

    total $296,191 · program services $296,191

  • 11g · Fees: other

    total $85,556 · program services $50,749 · management and general $33,697 · fundraising $1,110

  • 12 · Advertising and promotion

    total $19,509 · program services $16,568 · management and general $2,521 · fundraising $420

  • 13 · Office expenses

    total $60,975 · program services $52,571 · management and general $8,289 · fundraising $115

  • 14 · Information technology

    total $120,530 · program services $100,170 · management and general $17,451 · fundraising $2,909

  • 16 · Occupancy

    total $17,039 · program services $15,344 · management and general $1,453 · fundraising $242

  • 17 · Travel

    total $2,916 · program services $2,530 · management and general $331 · fundraising $55

  • 22 · Depreciation, depletion and amortization

    total $24,583 · program services $19,656 · management and general $4,223 · fundraising $704

  • 23 · Insurance

    total $24,140 · program services $2,176 · management and general $21,964

  • 24a · Other expenses: EVENT EXPENSES

    total $306,961 · program services $284,239 · management and general $22,722

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $90,615 · management and general $90,615

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $26,320 · program services $20,701 · management and general $4,816 · fundraising $803

  • 24d · Other expenses: BANK FEES

    total $23,632 · program services $18,511 · management and general $3,704 · fundraising $1,417

  • 24e · All other expenses

    total $30,597 · program services $28,993 · management and general $1,374 · fundraising $230

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $708 · end of year $5,001

  • 2 · Savings and temporary cash investments

    beginning of year $7,134,851 · end of year $7,839,882

  • 3 · Pledges and grants receivable

    beginning of year $5,653,050 · end of year $3,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $68,072 · end of year $79,445

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

    $916,111

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

    $659,352

  • 10c · Land, buildings and equipment, net

    beginning of year $260,890 · end of year $256,759

  • 11 · Investments: publicly traded securities

    beginning of year $64,955,610 · end of year $73,372,928

  • 12 · Investments: other securities

    beginning of year $8,090,060 · end of year $21,671,306

  • 17 · Accounts payable and accrued expenses

    beginning of year $72,311 · end of year $150,505

  • 18 · Grants payable

    beginning of year $359,408 · end of year $276,151

  • 25 · Other liabilities

    beginning of year $6,393,006 · end of year $6,600,755

  • 27 · Net assets without donor restrictions

    beginning of year $73,685,466 · end of year $96,197,910

  • 28 · Net assets with donor restrictions

    beginning of year $5,653,050 · end of year $3,000

Mission and programs · 2022

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

  • 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. CONTINUED ON SCHEDULE O.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 $8,185,187 · Grants $6,436,322 · Revenue $61,476

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • WINIFRED MORAN SEBASTIAN ESQ

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2.42

  • ZEBULUN DAVENPORT EDD

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1.46

  • ROB NECARSULMER

    CORP SEC/TREASURER; COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL A DEHAVEN CPA

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.6

  • ERIC GUDMUNDSON

    COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    0.88

  • MARK MCCARRON

    COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    0.88

  • STEPHANIE PAHIDES KALOGREDIS ESQ

    COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    0.88

  • EMILY TEMPLE ABELS ESQ

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • JOHN ALLEGRETTO ESQ

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • DENISE ANTONELLI ESQ

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • LES BEAR

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.83

  • NICHOLAS HOFFMAN

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • MARY HOLLERAN

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • MATTHEW HOLLIDAY

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • BRONWYN MARTIN

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • JOHN F MCKENNA ESQ

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • ELIZABETH ZWANN MILNE ESQ

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • NATALIE ORTEGA MORAN EDD

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • JACQUELINE MOYTL ESQ

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • DONNA URIAN CPA

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • DAVID VERMEIL

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • PHILIP C WAGNER CFA

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • KATHY WILECZEK CPA

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • KAREN SIMMONS

    PRESIDENT/CEO

    Total calculated
    $225,401
    From this org
    $197,686
    From related orgs
    $0
    Other
    $27,715
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $197,686
    Bonus
    $0
    Other
    $0
    Deferred
    $10,403
    Nontaxable benefits
    $17,312
    Filer's total
    $225,401

  • BOB FERGUSON

    EXECUTIVE VICE PRESIDENT, BUSINESS AFFAIRS

    Total calculated
    $128,205
    From this org
    $121,700
    From related orgs
    $0
    Other
    $6,505
    Hours/week
    40

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
2022
Filed
26 January 2024
IRS schema version
2022v5.0
Source object
202400269349300800

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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