2023-09-13T09:14:56-05:00 2023-06-30 232415973 HERBEIN COMPANY INC 2763 CENTURY BOULEVARD READING PA 19610 990 2022-07-01 232273163 FOUNDATION FOR READING AREA COMMUNITY COLLEGE FOUN 6106076239 PO BOX 1706 READING PA 196031706 REBECCA IANNELLI TREASURER 6106076239 2023-09-12 1 REBECCA IANNELLI 999009999 1 LINDA S HIMEBACK CPA P00042618 6103781175 2023-09-12 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z REBECCA IANNELLI PO BOX 1706 READING PA 196031706 1961595 0 X WWW.RACC.EDU/ABOUT/FOUNDATION.ASPX X 1981 PA TO RAISE, INVEST AND MANAGE PRIVATE FUNDS FOR THE BENEFIT OF THE COLLEGE 27 27 0 32 0 0 1915969 1613608 0 0 205497 262232 -47392 296 2074074 1876136 1756212 1781656 0 0 0 0 0 0 0 133237 121085 1889449 1902741 184625 -26605 24638373 25439059 0 2500 24638373 25436559 THE MISSION OF THE FOUNDATION FOR READING AREA COMMUNITY COLLEGE IS TO AUGMENT AND ENHANCE THE COLLEGE'S ABILITY TO OFFER AFFORDABLE, QUALITY EDUCATIONAL OPPORTUNITIES TO THE COMMUNITY. 0 0 421573 371379 TO MAINTAIN AND DEVELOP THE EDUCATIONAL FACILITIES AND PROGRAMS OF READING AREA COMMUNITY COLLEGE 1391065 1320174 TO AWARD SCHOLARSHIPS AND/OR GRANTS TO FUTURE, PRESENT, AND FORMER STUDENTS OF THE READING AREA COMMUNITY COLLEGE 90103 90103 TO PROVIDE BOOKS AND EQUIPMENT FOR READING AREA COMMUNITY COLLEGE 1902741 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X THE ORGANIZATION 6106076239 PO BOX 1706 READING PA 196031706 GARY M MOYER CHAIR 1.00 X X 0 0 0 MARY M PALMER VICE-CHAIR 1.00 X X 0 0 0 REBECCA A IANNELLI TREASURER 1.00 X X 0 0 0 RYAN P HOTTENSTEIN ASSISTANT TREASURER 1.00 X X 0 0 0 CRAIG M PERROTTY SECRETARY 1.00 X X 0 0 0 WILLIAM F BENDER DIRECTOR 1.00 X 0 0 0 ERIC G BURKEY DIRECTOR 1.00 X 0 0 0 PAUL D COHN DIRECTOR THROUGH SEPT 1.00 X 0 0 0 PETER T EDELMAN DIRECTOR 1.00 X 0 0 0 STEVEN A EHRLICH DIRECTOR 1.00 X 0 0 0 SANDRA FOCHT DIRECTOR AS OF JULY 1.00 X 0 0 0 KRISTI GAGE-LINDERMAN DIRECTOR 1.00 X 0 0 0 ALEXANDRA GOODMAN DIRECTOR AS OF JULY 1.00 X 0 0 0 JILL HACKMAN DIRECTOR 1.00 X 0 0 0 KATIE B HANNON DIRECTOR 1.00 X 0 0 0 DANIEL B LAWS JR DIRECTOR AS OF JULY 1.00 X 0 0 0 SUSAN D LOONEY DIRECTOR 1.00 X 0 0 0 JEROME I MARCUS DIRECTOR 1.00 X 0 0 0 MICHAEL J NOON DIRECTOR 1.00 X 0 0 0 PAUL G OXHOLM DIRECTOR 1.00 X 0 0 0 MARYANNE POST BELL DIRECTOR 1.00 X 0 0 0 GARY W RIGHTMIRE DIRECTOR 1.00 X 0 0 0 PETER ROWLEY DIRECTOR AS OF DEC 1.00 X 0 0 0 VIRGINIA RUSH DIRECTOR 1.00 X 0 0 0 WHITNEY A SANDERS II DIRECTOR THROUGH DEC 1.00 X 0 0 0 ROGER J SCHMIDT DIRECTOR THROUGH JUNE 1.00 X 0 0 0 BECKY SHEMANSKI DIRECTOR 1.00 X 0 0 0 SHARON WHITE DIRECTOR AS OF JULY 1.00 X 0 0 0 SEAN WYANDT DIRECTOR THROUGH JUNE 1.00 X 0 0 0 GUST ZOGAS DIRECTOR 1.00 X 0 0 0 CHARLES FIRES STUDENT REP AS OF MARCH 1.00 X 0 0 0 MICHAEL E NAGEL VICE PRESIDENT EMERITUS (NON-VOTING) 1.00 X 0 0 0 ANTHONY DEMARCO EXECUTIVE DIRECTOR 15.00 25.00 X 0 165411 72781 0 165411 72781 0 0 1 0 0 134160 1479448 1613608 262232 262232 85755 134160 85459 296 296 1876136 0 0 262528 461482 461482 1320174 1320174 401 401 12250 12250 71392 71392 7030 7030 SCHOLARSHIP DINNER 15824 15824 HOSPITALITY 14188 14188 1902741 1902741 0 0 11057 10669 1150591 1870317 353693 266145 343280 0 13083439 13349014 9696313 9942914 24638373 25439059 2500 0 2500 X 2427210 2536561 22211163 22899998 24638373 25436559 24638373 25439059 -26605 824791 0 X 0 1 X 1 0 X 1116469 958423 1511321 1915969 1613608 7115790 1116469 958423 1511321 1915969 1613608 7115790 1961762 5154028 440036 298818 442669 205497 262232 1649252 8765042 264131 0.58800 0.61980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19180827 240427 419140 52114 19788280 19026408 860229 -653949 51861 19180827 16007077 142472 2924733 47874 19026408 16147718 71106 -164262 47485 16007077 15462032 97647 652671 64632 16147718 0.08990 0.91010 0 0 0 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 9942914 9942914 X 3042776 824791 412740 1237531 1805245 70891 70891 1876136 2244590 412740 412740 1831850 70891 70891 1902741 PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENTS IS LARGELY TO FUND SCHOLARSHIPS, OTHER APPROVED READING AREA COMMUNITY COLLEGE PROGRAMS AND OPERATIONS. PART X, LINE 2: IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE FOUNDATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS, IF ANY, AS REQUIRED. GOLF TOURNAMENT 103780 77875 25905 32002 7017 MILLER CENTER GALA 66135 56285 9850 24725 21715 169915 134160 35755 56727 28732 85459 -49704 1 READING AREA COMMUNITY COLLEGE 10 SOUTH SECOND STREET READING PA 19603 231745816 461482 0 BOOKS AND EQUIPMENT, WORKS OF ART, ARTS, CULTURE AND LECTURES, SCIENCE OF SUCCESS LAB CAMPAIGN, HEALTHCARE PAVILION CAMPAIGN 1 STUDENT SCHOLARSHIPS AND ASSISTANCE 728 1320174 PART I, LINE 2: INDIVIDUAL PAPER FILES ARE KEPT ON EVERY GRANT OR ASSISTANCE. EACH FILE CONTAINS GRANT OR ASSISTANCE INFORMATION, AGREEMENT, ELIGIBILITY AND SELECTION CRITERIA. SELECTED RECIPIENT INFORMATION IS PERMANENTLY MAINTAINED ELECTRONICALLY. STUDENT APPLICATIONS NOT SELECTED FOR AWARDS ARE KEPT ON FILE FOR ONE YEAR FOLLOWING AWARD DISTRIBUTION. X X 0 0 0 0 0 0 0 0 0 ANTHONY DEMARCO EXECUTIVE DIRECTOR 0 165411 0 0 0 0 0 14887 0 57894 0 238192 0 0 FORM 990, PART VI, SECTION B, LINE 11B MEMBERS OF THE BOARD ARE PROVIDED THE FORM 990 FOR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE BOARD MEMBERS ARE MADE AWARE OF THE POLICY AND ARE REQUIRED TO SUBMIT A SIGNED CONFLICT DECLARATION. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE FOUNDATION'S EXECUTIVE DIRECTOR IS APPROVED AND PAID BY THE RELATED ORGANIZATION, READING AREA COMMUNITY COLLEGE. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 MINUTES, BY-LAWS, ANNUAL AUDIT, THE 990 AND FORM 1023 ARE AVAILABLE TO BE REVIEWED UPON REQUEST AT THE ORGANIZATIONS LOCATION. READING AREA COMMUNITY COLLEGE 10 SOUTH SECOND STREET READING PA 19603 231745816 COMMUNITY COLLEGE PA 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 READING AREA COMMUNITY COLLEGE B 461482 CASH READING AREA COMMUNITY COLLEGE O 412740 FAIR VALUE