2026-03-24T06:07:48-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 1000 COMMERCE PARK DR WILLIAMSPORT PA 17701 990 2024-07-01 232186644 PENNSYLVANIA COLLEGE OF TECHNOLOGY FOUNDATION INC PENN 5703208020 ONE COLLEGE AVENUE WILLIAMSPORT PA 17701 KYLE A SMITH EXECUTIVE DIRECTOR 5703208020 2026-03-18 1 1 JAIME L KUNTZ P01272711 5703236023 2026-03-18 2024 2025-03-06 01:10:19Z KYLE A SMITH ONE COLLEGE AVENUE WILLIAMSPORT PA 17701 34585276 0 X WWW.PCT.EDU/GIVE X 1981 PA SECURING FINANCIAL AND OTHER SUPPORT NECESSARY TO ASSIST THE PENNSYLVANIA COLLEGE OF TECHNOLOGY. 37 36 0 42 0 0 5615729 5594552 0 0 931901 5855071 -5705 -1380 6541925 11448243 4157880 3378451 0 0 0 0 0 0 54530 179216 126246 4337096 3504697 2204829 7943546 31946225 36584224 142512 124353 31803713 36459871 X THE PENNSYLVANIA COLLEGE OF TECHNOLOGY FOUNDATION ("FOUNDATION") SHALL OPERATE FOR THE PURPOSE OF SECURING FINANCIAL AND OTHER SUPPORT NECESSARY TO ASSIST THE PENNSYLVANIA COLLEGE OF TECHNOLOGY IN ACHIEVING ITS MISSION OF PROVIDING HANDS-ON TECHNICAL EDUCATION. 0 0 3378451 3378451 THE FOUNDATION CURRENTLY ADMINISTERS MORE THAN 375 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 AND THE DR. WELCH WORKSHOP-A MAKERSPACE AT PENN COLLEGE. 3378451 1 1 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 37 36 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X X KYLE A SMITH EXECUTIVE DIRECTOR 5703208020 ONE COLLEGE AVENUE WILLIAMSPORT PA 17701 X DR MICHAEL J REED DIRECTOR (PRESIDENT PCT) 2.00 0.00 X X 0 0 0 LINDA K ALBERTS CHAIRPERSON 1.00 0.00 X X 0 0 0 CHRISTOPHER E KEISER 1ST VICE CHAIRPERSON 1.00 0.00 X X 0 0 0 ALLEN W KIESSLING 2ND VICE CHAIRPERSON 1.00 0.00 X X 0 0 0 NICHOLE CRAWFORD SECRETARY 1.00 0.00 X X 0 0 0 DR WILLIAM J MARTIN TREASURER 1.00 0.00 X X 0 0 0 AUBREY V ALEXANDER DIRECTOR 1.00 0.00 X 0 0 0 JAY B ALEXANDER DIRECTOR 1.00 0.00 X 0 0 0 LAWRENCE ALLISON JR DIRECTOR 1.00 0.00 X 0 0 0 ALFREDA C BAER DIRECTOR 1.00 0.00 X 0 0 0 AL A CLAPPS DIRECTOR 1.00 0.00 X 0 0 0 JOHN M CONFER DIRECTOR 1.00 0.00 X 0 0 0 JON P CONKLIN CPA DIRECTOR 1.00 0.00 X 0 0 0 CHRISTOPHER M GAYMAN DIRECTOR 1.00 0.00 X 0 0 0 GEORGE E GIRIO DIRECTOR 1.00 0.00 X 0 0 0 KENNETH F HEALY DIRECTOR 1.00 0.00 X 0 0 0 JONAH G HOWE DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL J HUDOCK JR DIRECTOR 1.00 0.00 X 0 0 0 PHILIP H JOHNSON DIRECTOR 1.00 0.00 X 0 0 0 DANIEL A KLINGERMAN DIRECTOR 1.00 0.00 X 0 0 0 GEORGE E LOGUE JR DIRECTOR 1.00 0.00 X 0 0 0 DON M LUNDY DIRECTOR 1.00 0.00 X 0 0 0 RAYMOND R MATTIE DIRECTOR 1.00 0.00 X 0 0 0 ANN S PEPPERMAN ESQ DIRECTOR 1.00 0.00 X 0 0 0 RICK QUIGLEY DIRECTOR 1.00 0.00 X 0 0 0 JEFFREY W RAUFF DIRECTOR 1.00 0.00 X 0 0 0 JOSEPH H REYNOLDS DIRECTOR 1.00 0.00 X 0 0 0 MAGGIE R ROCHE DIRECTOR 1.00 0.00 X 0 0 0 PAUL H ROONEY JR DIRECTOR 1.00 0.00 X 0 0 0 MARK C SITLER DIRECTOR 1.00 0.00 X 0 0 0 BRUCE A SMITHGALL DIRECTOR 1.00 0.00 X 0 0 0 BLAIR D SOARS DIRECTOR 1.00 0.00 X 0 0 0 MARSHALL D WELCH III DIRECTOR 1.00 0.00 X 0 0 0 RAY E WHEELAND DIRECTOR 1.00 0.00 X 0 0 0 JOHN M YOUNG DIRECTOR 1.00 0.00 X 0 0 0 KAREN S YOUNG DIRECTOR 1.00 0.00 X 0 0 0 LONI N KLINE DIRECTOR/VP COLLEGE RELATI 20.00 0.00 X X 48865 0 10780 KYLE A SMITH EXECUTIVE DIRECTOR 25.00 0.00 X 79988 0 27570 128853 0 38350 0 0 0 0 0 99270 5495282 70598 5594552 1549716 1549716 27377428 23072073 4305355 4305355 4305355 63580 99270 64960 -1380 -1380 11448243 0 0 5853691 1556473 1556473 1821978 1821978 17590 17590 19434 19434 20192 20192 163 163 2433 2433 SPECIAL EVENT EXPENSE 45975 45975 PUBLIC RELATIONS 8555 8555 MISCELLANEOUS EXPENSE 6444 6444 BANK FEES 5252 5252 208 208 3504697 3378451 71716 54530 75 75 4115060 5708195 870796 1341400 44900 221500 6734 6734 26686548 29095153 222112 211167 31946225 36584224 43478 24066 9221 8002 89813 92285 142512 124353 X 4113455 5604888 27690258 30854983 31803713 36459871 31946225 36584224 X 7943546 -3279015 -8373 X 0 1 X 1 0 X 1826474 3967060 2772021 5615729 5550051 19731335 1826474 3967060 2772021 5615729 5550051 19731335 1435416 18295919 617880 802729 796567 948329 1530770 4696275 24427610 0.74900 0.73500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 24341 X FUNDRAISING 0 26816500 1137172 2443382 977446 29419608 23049596 1558229 3016366 807691 26816500 20281488 1543430 1952124 727446 23049596 22565662 1717011 -3338778 662407 20281488 17644910 802167 4693145 574560 22565662 0.10000 0.80000 0.10000 0 0 0 FUNDS HELD IN CHARITABLE REMAINDER TRUST 92285 92285 X 8666105 -3279015 450863 -18946 -2847098 11513203 -64960 -64960 11448243 4009947 450863 73333 524196 3485751 18946 18946 3504697 PART III, LINE 4: PAINTINGS AND PRINTS WILL BE SOLD TO PROVIDE STUDENT SCHOLARSHIPS AND TO SUPPORT OPERATIONS OF THE FOUNDATION. PART V, LINE 4: USING INVESTMENT AND SPENDING POLICIES ADOPTED BY THE FOUNDATION, THE ENDOWMENT ASSETS PROVIDE CONTINUED FINANCIAL STABILITY FOR THE ORGANIZATION AND A REVENUE STREAM FOR SPENDING ON THE FOUNDATION'S MISSION. PART X, LINE 2: THE FOUNDATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2025 AND 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED TO REVENUES ON FINANCIALS -18,946. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -64,960. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 873. FUNDRAISING EXPENSES 64,960. BAD DEBT EXPENSE RELATED TO PLEDGES 7,500. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED TO REVENUES ON FINANCIALS 18,946. 38TH ANNUAL GOLF CLASSIC 106900 72019 34881 12970 16828 5083 1380 BCM GOLF EVENT 55950 27251 28699 13742 11492 3465 1 162850 99270 63580 26712 28320 8548 1380 64960 -1380 1 PENNSYLVANIA COLLEGE OF TECHNOLOGY ONE COLLEGE AVENUE WILLIAMSPORT PA 17701 232564508 501(C)(3) 1556473 0 N/A N/A TO SUPPORT THE PROGRAMS, SERVICES, AND ACTIVITIES OF PCT, IT'S FACILITIES, STAFF, AND STUDENTS. 1 0 SCHOLARSHIPS 738 1821978 N/A N/A PART I, LINE 2: ALL FUNDS GIVEN OUT ARE IN THE FORM OF SCHOLARSHIPS. STUDENTS APPLY ONLINE AND SELECTIONS ARE MADE BY THE PENNSYLVANIA COLLEGE OF TECHNOLOGY ("PCT") FINANCIAL AID OFFICE IN CONJUNCTION WITH THE PENNSYLVANIA COLLEGE OF TECHNOLOGY FOUNDATION USING APPROPRIATE CRITERIA. FUNDS ARE PROVIDED TO PCT AND ARE DIRECTLY CREDITED TO THE STUDENTS' ACCOUNTS. X 4 70598 CLOSING COST 0 0 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF DONORS. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE FOUNDATION SHALL CARRY OUT THIS PURPOSE BY ENCOURAGING, SOLICITING, RECEIVING, AND ADMINISTERING GIFTS OF FUNDS AND PROPERTY AND SHALL EXERCISE SUCH POWERS AS ARE SET FORTH IN ITS ARTICLES OF INCORPORATION. THE FOUNDATION'S ACTIVITIES AND RELATED SUPPORT INCLUDE, BUT ARE NOT LIMITED TO PROVIDING STUDENT SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE, SOLICITING AND ACQUIRING BOTH RESTRICTED AND UNRESTRICTED FUNDS, SOLICITING ADDITIONAL MONIES FOR THE ENDOWMENT FUND, AND ASSISTING IN THE GENERAL PROMOTION OF THE COLLEGE. THE FOUNDATION BELIEVES THAT ALL INDIVIDUALS SHOULD HAVE THE OPPORTUNITY TO SEEK A COLLEGE EDUCATION. WE BELIEVE THAT THE FOUNDATION SHOULD PROVIDE APPROPRIATE SUPPLEMENTAL FUNDING TO FACILITATE DELIVERY OF QUALITY EDUCATION AND TO ALLOW THE COLLEGE TO CARRY OUT EDUCATIONAL COMMITMENTS NOT ACHIEVABLE WITHIN RESTRAINTS OF OTHER FUNDING SOURCES. WE BELIEVE THAT THE FOUNDATION SHOULD PLAY A MAJOR ROLE IN ASSISTING INDIVIDUALS IN AFFORDING AN EDUCATION AT PENNSYLVANIA COLLEGE OF TECHNOLOGY. FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS, JON P. CONKLIN, JAY ALEXANDER AND GEORGE E. LOGUE, JR. HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A NON-PROFIT, NON-STOCK ORGANIZATION WHOSE ONLY MEMBERS ARE THE INDIVIDUALS WHO MAKE UP THE ORGANIZATION'S GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A THE PRESIDENT OF THE PENNSYLVANIA COLLEGE OF TECHNOLOGY CAN APPOINT UP TO FIVE ADDITIONAL MEMBERS TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE MANAGER OF TREASURY OPERATIONS AND THE EXECUTIVE DIRECTOR. FORM 990 IS THEN PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C AT THE FIRST BOARD OF DIRECTORS MEETING EACH FISCAL YEAR, THE CONFLICT OF INTEREST POLICY AND A DISCLOSURE FORM ARE DISTRIBUTED. DIRECTORS ARE ASKED TO SIGN THE DISCLOSURE INDICATING WHETHER OR NOT THEY CURRENTLY HAVE A BUSINESS RELATIONSHIP WITH THE FOUNDATION AND/OR A RELATIONSHIP WITH ANY OTHER BOARD DIRECTORS. IF THEY DO, THEY ARE ASKED TO LIST THOSE INTERESTS. THE EXECUTIVE DIRECTOR, COLLECTS AND REVIEWS THE COMPLETED FORMS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION UPON REQUEST IN THE FOUNDATION OFFICE. FORM 990, PART VII: THE EXECUTIVE DIRECTOR AND VP OF COLLEGE RELATIONS/CHIEF PHILANTHROPY OFFICER ARE EMPLOYEES OF THE PENNSYLVANIA COLLEGE OF TECHNOLOGY. COMPENSATION REPORTED ON PART VII REPRESENTS THE COMPENSATION FOR THEIR TIME SPENT ON THE FOUNDATION. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -873. BAD DEBT EXPENSE RELATED TO PLEDGES -7,500.