Chester County Community Foundation Inc
- Assets
- $86.2m
- Revenue
- $21.2m
- Investments
- $8.1m
- Employees
- 18
- Location
- West Chester, PA
- Founding
- 12/1994
- Data as of
- 06/2022
- EIN
- 23-2773822
Organization Overview
Chester County Community Foundation Inc is located in West Chester, 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 06/2022, Chester County Community Foundation Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chester 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 06/2022, Chester County Community Foundation Inc generated $21.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $8.0m during the year ending 06/2022. While expenses have increased by 13.2% 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 2017, Chester County Community Foundation Inc has awarded 733 individual grants totaling $20,351,449. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONNECTS PEOPLE WHO CARE WITH THE CAUSES THAT MATTER SO THEIR PHILANTHROPY MAKES A DIFFERENCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Simmons President/ceo | Officer | 55 | $173,388 |
Bob Ferguson Executive Vice President, Business Affairs | Officer | 40 | $108,423 |
Michael A Dehaven CPA Board Chair | OfficerTrustee | 2.42 | $0 |
Kathy Dean-Bradley CPA Board Vice Chair | OfficerTrustee | 0.61 | $0 |
Michael R Horak CFA Board Vice Chair; Committee Chair | OfficerTrustee | 1.46 | $0 |
Winifred Moran Sebastian ESQ Corp Sec/treasurer; Committee Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,051 |
| Fundraising events | $33,880 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,415,743 |
| Noncash contributions included in lines 1a–1f | $1,209,349 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,458,674 |
| Total Program Service Revenue | $70,697 |
| Investment income | $1,956,875 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,749,507 |
| Net Income from Fundraising Events | -$40,038 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,195,715 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,477,419 |
| Grants and other assistance to domestic individuals. | $585,086 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $327,162 |
| Compensation of current officers, directors, key employees. | $111,352 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $499,373 |
| Pension plan accruals and contributions | $20,930 |
| Other employee benefits | $40,612 |
| Payroll taxes | $53,636 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $340,490 |
| Fees for services: Other | $60,913 |
| Advertising and promotion | $13,702 |
| Office expenses | $50,939 |
| Information technology | $89,974 |
| Royalties | $0 |
| Occupancy | $15,817 |
| Travel | $341 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,209 |
| Insurance | $21,098 |
| All other expenses | $17,893 |
| Total functional expenses | $8,001,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $708 |
| Savings and temporary cash investments | $7,134,851 |
| Pledges and grants receivable | $5,653,050 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $68,072 |
| Net Land, buildings, and equipment | $260,890 |
| Investments—publicly traded securities | $64,955,610 |
| Investments—other securities | $8,090,060 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $86,163,241 |
| Accounts payable and accrued expenses | $72,311 |
| Grants payable | $359,408 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,393,006 |
| Total liabilities | $6,824,725 |
| Net assets without donor restrictions | $73,685,466 |
| Net assets with donor restrictions | $5,653,050 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $86,163,241 |
Grants Awarded
Over the last fiscal year, Chester County Community Foundation Inc has awarded $5,362,742 in support to 147 organizations.
| Grant Recipient | Amount |
|---|---|
JPS BIKINI BOTTOM ANIMAL SANCTUARY PURPOSE: ENVIRONMENT & ANIMALS | $995,000 |
Kennett Square, PA PURPOSE: EDUCATION & LIBRARY | $483,447 |
Exton, PA PURPOSE: HUMAN SERVICES | $301,000 |
Hockessin, DE PURPOSE: EDUCATION & LIBRARY | $250,000 |
Elizabethtown, PA PURPOSE: SCHOLARSHIP | $160,000 |
West Chester, PA PURPOSE: HEALTH | $126,765 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Chester County Community Foundation Inc has recieved totaling $109,752.
| Awarding Organization | Amount |
|---|---|
Westfield Insurance Foundation Westfield Center, OH PURPOSE: DISASTER RECOVERY | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $24,500 |
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: COVID-19 RAPID RESPONSE FUND | $20,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,566 |
Justamere Foundation Wilmington, DE PURPOSE: CHARITABLE EVENT | $3,000 |
The@dale L Reese Foundation Blue Bell, PA PURPOSE: GENERAL FUND | $2,000 |
Endowment Analysis
| Beg. Balance | $49,998,844 |
| Earnings | -$7,296,769 |
| Admin Expense | $1,563,697 |
| Net Contributions | $8,495,558 |
| Grants | $1,424,824 |
| Ending Balance | $48,209,112 |
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 |