Pennsylvania College Of Technology Foundation Inc

Organization Overview

Pennsylvania College Of Technology Foundation Inc is located in Williamsport, PA. The organization was established in 1982. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is the central organization for a national or regional group of organizations. Pennsylvania College Of Technology Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Pennsylvania College Of Technology Foundation Inc generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $1.4m during the year ending 06/2021. While expenses have increased by 8.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SECURING FINANCIAL AND OTHER SUPPORT NECESSARY TO ASSIST THE PENNSYLVANIA COLLEGE OF TECHNOLOGY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION CURRENTLY ADMINISTERS MORE THAN 330 SCHOLARSHIP FUNDS, SUPPORTING VARIOUS MAJORS, SOME OF WHICH WERE ESTABLISHED IN HONOR OR MEMORY OF PENN COLLEGE ALUMNI, STUDENTS, FACULTY, AND FRIENDS. PARTNERSHIPS WITH BUSINESS AND INDUSTRY ARE A LONG-STANDING TRADITION OF PENNSYLVANIA COLLEGE OF TECHNOLOGY (PCT) AND THE FOUNDATION WORKS TO DEVELOP AND SUSTAIN MUTUALLY BENEFICIAL RELATIONSHIPS WITH BUSINESS AND INDUSTRY. THESE PARTNERSHIPS ARE INTEGRAL TO PROVIDING OUR STUDENTS WITH THE LEVEL OF INSTRUCTION NEEDED TO SUPPORT WORKFORCE REQUIREMENTS. CONTINUED ON SCHEDULE O.PROGRAM SERVICE EXPENDITURES REPRESENT GRANT ALLOCATIONS AND EXPENSES PROVIDED TO PCT FOR THE BENEFIT OF STUDENTS THROUGH DIRECT FINANCIAL ASSISTANCE IN THE FORM OF SCHOLARSHIPS; THE ENHANCEMENT OF ACADEMIC PROGRAMS, INCLUDING THE SUBSIDIZING OF EQUIPMENT AND TECHNOLOGY PURCHASES, AND THE FUNDING OF EXPERIENTIAL LEARNING OPPORTUNITIES; THE SUPPORT OF K-12 OUTREACH EFFORTS; AND THE SUPPLEMENTAL FUNDING OF THE MADIGAN LIBRARY.


THE FOUNDATION CURRENTLY ADMINISTERS MORE THAN 330 SCHOLARSHIP FUNDS, SUPPORTING VARIOUS MAJORS, SOME OF WHICH WERE ESTABLISHED IN HONOR OR MEMORY OF PENN COLLEGE ALUMNI, STUDENTS, FACULTY, AND FRIENDS. PARTNERSHIPS WITH BUSINESS AND INDUSTRY ARE A LONG-STANDING TRADITION OF PENNSYLVANIA COLLEGE OF TECHNOLOGY (PCT) AND THE FOUNDATION WORKS TO DEVELOP AND SUSTAIN MUTUALLY BENEFICIAL RELATIONSHIPS WITH BUSINESS AND INDUSTRY. THESE PARTNERSHIPS ARE INTEGRAL TO PROVIDING OUR STUDENTS WITH THE LEVEL OF INSTRUCTION NEEDED TO SUPPORT WORKFORCE REQUIREMENTS. CONTINUED ON SCHEDULE O.PROGRAM SERVICE EXPENDITURES REPRESENT GRANT ALLOCATIONS AND EXPENSES PROVIDED TO PCT FOR THE BENEFIT OF STUDENTS THROUGH DIRECT FINANCIAL ASSISTANCE IN THE FORM OF SCHOLARSHIPS; THE ENHANCEMENT OF ACADEMIC PROGRAMS, INCLUDING THE SUBSIDIZING OF EQUIPMENT AND TECHNOLOGY PURCHASES, AND THE FUNDING OF EXPERIENTIAL LEARNING OPPORTUNITIES; THE SUPPORT OF K-12 OUTREACH EFFORTS; AND THE SUPPLEMENTAL FUNDING OF THE MADIGAN LIBRARY.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Kyle A Smith
Executive Director
$68,877
Loni N Kline
Director/vp College Relations/cpo
$40,463
Mark C Sitler
Chairperson
$0
John M Confer
1st Vice Chairperson
$0
Linda K Alberts
2nd Vice Chairperson
$0
Raymond R Mattie
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$148,880
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,677,594
Noncash contributions included in lines 1a–1f $167,156
Total Revenue from Contributions, Gifts, Grants & Similar$1,826,474
Total Program Service Revenue$0
Investment income $617,880
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,256,284
Net Income from Fundraising Events -$2,165
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,698,473

Grants Recieved

Over the last fiscal year, we have identified 10 grants that Pennsylvania College Of Technology Foundation Inc has recieved totaling $89,012.

Awarding OrganizationAmount
T Rowe Price Program For Charitable Giving Inc

Baltimore, MD

PURPOSE: GENERAL OPERATING

$25,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$23,984
Rpm Foundation

Tacoma, WA

PURPOSE: Scholarship funding

$20,000
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$10,000
Pfizer Foundation Inc

New York, NY

PURPOSE: MATCHING GIFTS

$5,000
Frederick H Bedford Jr And Margaret S Bedford Charitable Foundation

Easton, PA

PURPOSE: GENERAL CHARITABLE CONTRIBUTION

$2,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$17,644,910
Earnings$4,693,145
Net Contributions$802,167
Grants$574,560
Ending Balance$22,565,662

Create an account to unlock the data you need.

or