Berks County Community Foundation Inc
- Assets
- $134.3m
- Revenue
- $33.9m
- Investments
- $23.0m
- Employees
- 10
- Location
- Reading, PA
- Founding
- 11/1994
- Data as of
- 06/2021
- EIN
- 23-2769892
Organization Overview
Berks County Community Foundation Inc is located in Reading, PA. The organization was established in 1994. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Berks County Community Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Berks County Community 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, Berks County Community Foundation Inc generated $33.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $5.4m during the year ending 06/2021. While expenses have increased by 2.3% per year over the past 7 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.
Since 2015, Berks County Community Foundation Inc has awarded 677 individual grants totaling $18,659,446. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE PHILANTHROPY AND IMPROVE THE QUALITY OF LIFE FOR THE RESIDENTS OF BERKS COUNTY, PENNSYLVANIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BERKS COUNTY COMMUNITY FOUNDATION HELPS PEOPLE FIND THE BEST WAY TO MAKE CHARITABLE GIFTS TO SUPPORT THE COMMUNITY. THE COMMUNITY FOUNDATION MANAGES OVER 370 DIFFERENT FUNDS, EACH ESTABLISHED WITH A SPECIFIC PURPOSE DETERMINED BY THE ORGINAL DONOR. SOME DONORS HAVE DECIDED IT IS BEST TO LEAVE THE USE OF THE FUNDS TO THE DISCRETION OF THE COMMUNITY FOUNDATION BOARD. IN THIS WAY, THE COMMUNITY FOUNDATION CAN REMAIN FLEXIBLE AND RESPONSIVE TO COMMUNITY NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin K Murphy President | OfficerTrustee | 37.5 | $233,995 |
Frances A Aitken Treasurer Chief Operating Officer | Officer | 37.5 | $152,839 |
Heidi Williamson Senior VP Programs Initiatives | 37.5 | $117,978 | |
Michael Mixell ESQ Asst Treasurer | OfficerTrustee | 1 | $0 |
Alfred Weber Chair | OfficerTrustee | 1 | $0 |
Jay R Wagner Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,137,762 |
| Investment income | $1,320,423 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $38,193 |
| Net Gain/Loss on Asset Sales | $2,331,237 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,867,497 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $831,713 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $473,748 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $518,424 |
| Pension plan accruals and contributions | $13,845 |
| Other employee benefits | $40,193 |
| Payroll taxes | $34,791 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,738 |
| Fees for services: Accounting | $24,082 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $178,574 |
| Fees for services: Other | $124,822 |
| Advertising and promotion | $42,549 |
| Office expenses | $50,793 |
| Information technology | $127,613 |
| Royalties | $0 |
| Occupancy | $125,482 |
| Travel | $2,284 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,298 |
| Interest | $30,093 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $173,492 |
| Insurance | $47,907 |
| All other expenses | $0 |
| Total functional expenses | $5,372,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,502 |
| Savings and temporary cash investments | $3,326,238 |
| Pledges and grants receivable | $126,907 |
| Accounts receivable, net | $2,875 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $299,864 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $101,835,392 |
| Investments—other securities | $23,048,184 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,090,827 |
| Total assets | $134,302,616 |
| Accounts payable and accrued expenses | $158,883 |
| Grants payable | $1,966,206 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,772,845 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $587,959 |
| Total liabilities | $4,485,893 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $129,816,723 |
Grants Awarded
Over the last fiscal year, Berks County Community Foundation Inc has awarded $3,408,118 in support to 119 organizations.
| Grant Recipient | Amount |
|---|---|
SOLARFLUX ENERGY TECHNOLOGIES INC PURPOSE: Scientific research/development | $340,000 |
Birdsboro, PA PURPOSE: General Support, ProMaster van, Dental X-Ray med needs | $205,275 |
Reading, PA PURPOSE: Capital improvement, programs, general | $130,061 |
Reading, PA PURPOSE: General and programs | $127,125 |
Reading, PA PURPOSE: general, equipment | $123,577 |
Reading, PA PURPOSE: General support, food program | $117,750 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Berks County Community Foundation Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Gulati Family Foundation Wilmington, DE PURPOSE: CHARITABLE EVENT | $1,500 |
Endowment Analysis
| Beg. Balance | $77,123,472 |
| Earnings | $23,767,133 |
| Admin Expense | $1,609,639 |
| Net Contributions | $29,642,465 |
| Grants | $4,039,855 |
| Ending Balance | $124,883,576 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
Community Foundations Of The Hudson Valley Poughkeepsie, NY | $96,104,226 | $20,607,422 |
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Greater Kanawha Valley Foundation Charleston, WV | $329,426,372 | $27,972,481 |
Community Foundation Of Herkimer And Oneida Counties Inc Utica, NY | $207,402,752 | $30,922,448 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
Community Foundation Of Frederick County Maryland Incorporated Frederick, MD | $137,281,850 | $16,443,346 |
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Community Foundation Of Western Pennsylvania And Eastern Ohio Sharon, PA | $123,167,161 | $16,344,885 |
York County Community Foundation York, PA | $208,424,639 | $17,313,520 |
Community Foundation Of The Eastern Shore Inc Salisbury, MD | $144,509,312 | $16,050,496 |
Community Foundation Of Lorain County Elyria, OH | $163,012,004 | $27,165,624 |