EIN 23-2273163

Foundation for Reading Area Community College

Name: Foundation for Reading Area Community College financials for 2024
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Reading

State

Pennsylvania

Year formed

1981

Most recent tax filings

2024-06-01

NTEE code, primary

B11: Education Single Organization Support

Description

Foundation for Reading Area Community College raises, invests and manages private funds to benefit the college. It augments and enhances the college's ability to offer affordable, quality educational opportunities to the community. The foundation awards scholarships and/or grants to future, present, and former students of the Reading Area Community College. It also maintains and develops educational facilities and programs of Reading Area Community College.

Total revenues

$4,212,353

2024

Total expenses

$2,988,127

2024

Total assets

$28,950,000

2024

Num. employees

2024

Program areas at Foundation for Reading Area Community College

To maintain and develop the educational facilities and programs of Reading Area Community College

To provide books and equipment for Reading Area Community College

To award scholarships and/or grants to future, present, and former students of the Reading Area Community College

Who funds Foundation for Reading Area Community College

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Marlin Miller JR Family Foundation	2022-12	Annual Fund	$109,080
Cacoosing Family Charitable Foundation	2023-05	General	$55,000
Berks County Community Foundation	2023-06	For Racc's 50th Anniversary Signature Challenge	$50,000
...and 9 more grants received

Personnel at Foundation for Reading Area Community College

Name	Title	Compensation	Date of data
Anthony Demarco	Faculty and Staff Directory / Executive Director As of September	$0	2023-06-30
Rebecca Iannelli	Treasurer	$0	2023-09-13
Gary M Moyer	Vice - Chair / Director	$0	2023-06-30
Craig M Perrotty	Secretary / Director	$0	2023-06-30
Ryan P Hottenstein	Past Assistant Treasurer / Vice - Chairman	$0	2023-06-30
...and 3 more key personnel

Financials for Foundation for Reading Area Community College

Revenues	FYE 06/2024	FYE 06/2023	% Change
Total grants, contributions, etc.	$4,042,956	$1,613,608	150.6%
Program services	$0	$0	-
Investment income and dividends	$305,562	$262,232	16.5%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$-119,342	$0	-999%
Net income from fundraising events	$-16,823	$296	-5783.4%
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$4,212,353	$1,876,136	124.5%

Form 990s for Foundation for Reading Area Community College

Fiscal year ending	Date received by IRS	Form	PDF link
2024-06	2024-09-23	990	View PDF
2023-06	2023-09-13	990	View PDF
2022-06	2022-09-13	990	View PDF
2021-06	2021-09-14	990	View PDF
2020-06	2021-02-24	990	View PDF
...and 10 more Form 990s

Organizations like Foundation for Reading Area Community College

Organization	Type	Location	Revenue
The Community College of Baltimore County Foundation	501(c)(3)	Baltimore, MD	$4,086,680
Lone Star College Foundation (LSCF)	501(c)(3)	The Woodlands, TX	$7,205,249
Edmonds College Foundation	501(c)(3)	Lynnwood, WA	$1,671,309
Henry Ford College Foundation	501(c)(3)	Dearborn, MI	$2,815,277
Sheridan College Foundation	501(c)(3)	Sheridan, WY	$1,899,060
Weber School Foundation	501(c)(3)	Odgen, UT	$2,330,052
Holyoke Community College Foundation	501(c)(3)	Holyoke, MA	$9,505,597
Delaware County Community College Educational Foundation	501(c)(3)	Media, PA	$2,337,857
Ascension Wisconsin Foundation	501(c)(3)	St Louis, MO	$7,742,237
Cecil College Foundation	501(c)(3)	North East, MD	$2,781,931

Data update history

October 23, 2024

Posted financials

Added Form 990 for fiscal year 2024

August 26, 2024

Posted financials

Added Form 990 for fiscal year 2022

May 18, 2024

Received grants

Identified 7 new grant, including a grant for $109,080 from Marlin Miller JR Family Foundation

November 17, 2023

Updated personnel

Identified 1 new personnel

November 9, 2023

Posted financials

Added Form 990 for fiscal year 2023

Nonprofit Types

School foundationsGrantmaking organizationsHeadquarter / parent organizationsCharities

Issues

Education

Characteristics

Funds one specific organizationProvides grantsFundraising eventsState / local levelEndowed supportProvides scholarshipsGala fundraisersFundraising races, competitions, and tournamentsTax deductible donationsNo full-time employeesAccepts online donations

General information

Address: PO Box 1706; Reading, PA 19603
Metro area: Reading, PA
County: Berks County, PA
Website URL: racc.edu/about-racc/foundation-racc
Phone: (610) 607-6239

IRS details

EIN: 23-2273163
Fiscal year end: June
Taxreturn type: Form 990
Year formed: 1981
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: B11: Education Single Organization Support
NAICS code, primary: 813211: Grantmaking Foundations
Parent/child status: Central organization

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Foundation for Reading Area Community College

Program areas at Foundation for Reading Area Community College

Who funds Foundation for Reading Area Community College

Personnel at Foundation for Reading Area Community College

Financials for Foundation for Reading Area Community College

Form 990s for Foundation for Reading Area Community College

Organizations like Foundation for Reading Area Community College

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