2024-09-23T12:15:58-05:00 2024-06-30 232415973 HERBEIN COMPANY INC 2763 CENTURY BOULEVARD READING PA 19610 990 2023-07-01 232273163 FOUNDATION FOR READING AREA COMMUNITY COLLEGE FOUN 6106076239 PO BOX 1706 READING PA 196031706 RYAN HOTTENSTEIN TREASURER 6106076239 2024-09-23 1 1 LINDA S HIMEBACK CPA P00042618 6103781175 2024-09-23 2023 2024-08-08 14:25:15Z RYAN HOTTENSTEIN PO BOX 1706 READING PA 196031706 4374183 0 X WWW.RACC.EDU/ABOUT/FOUNDATION.ASPX X 1981 PA TO RAISE, INVEST AND MANAGE PRIVATE FUNDS FOR THE BENEFIT OF THE COLLEGE 28 28 0 42 0 0 1613608 4042956 0 0 262232 186220 296 -16823 1876136 4212353 1781656 2846439 0 0 0 0 0 0 0 121085 141688 1902741 2988127 -26605 1224226 25439059 28950000 2500 700 25436559 28949300 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 1208091 1140527 TO MAINTAIN AND DEVELOP THE EDUCATIONAL FACILITIES AND PROGRAMS OF READING AREA COMMUNITY COLLEGE 1687200 1613076 TO AWARD SCHOLARSHIPS AND/OR GRANTS TO FUTURE, PRESENT, AND FORMER STUDENTS OF THE READING AREA COMMUNITY COLLEGE 92836 92836 TO PROVIDE BOOKS AND EQUIPMENT FOR READING AREA COMMUNITY COLLEGE 2988127 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 28 28 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 RYAN P HOTTENSTEIN TREASURER 1.00 X X 0 0 0 REBECCA A IANNELLI ASSISTANT TREASURER 1.00 X X 0 0 0 CRAIG M PERROTTY SECRETARY 1.00 X X 0 0 0 CHARLES BARBERA DIRECTOR AS OF FEBRUARY 1.00 X 0 0 0 WILLIAM F BENDER DIRECTOR 1.00 X 0 0 0 ERIC G BURKEY DIRECTOR 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 CHARLES FRIES DIRECTOR (STUDENT REP) 1.00 X 0 0 0 SANDRA FOCHT DIRECTOR 1.00 X 0 0 0 KELSEY FRANKOWSKI DIRECTOR AS OF JULY 1.00 X 0 0 0 KRISTI GAGE-LINDERMAN DIRECTOR 1.00 X 0 0 0 ALEXANDRA GOODMAN DIRECTOR 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 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 1.00 X 0 0 0 VIRGINIA RUSH DIRECTOR 1.00 X 0 0 0 BECKY SHEMANSKI DIRECTOR 1.00 X 0 0 0 SHARON WHITE DIRECTOR 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 145495 63928 0 145495 63928 0 0 1 0 0 67160 3975796 4042956 305562 305562 119342 -119342 -119342 -119342 25665 67160 42488 -16823 -16823 4212353 0 0 169397 1233363 1233363 1613076 1613076 14250 14250 76489 76489 5420 5420 3822 3822 HOSPITALITY 22087 22087 SCHOLARSHIP DINNER 19620 19620 2988127 2988127 0 0 10669 10605 1870317 2423802 266145 1339608 13349014 14220959 9942914 10955026 25439059 28950000 700 2500 0 2500 700 X 2536561 2630417 22899998 26318883 25436559 28949300 25439059 28950000 1224226 2288515 0 X 0 1 X 1 0 X 958423 1511321 1915969 1613608 4042956 10042277 958423 1511321 1915969 1613608 4042956 10042277 3665792 6376485 298818 442669 205497 262232 305562 1514778 11557055 270021 0.55170 0.58800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19788280 239936 1103063 112505 21018774 19180827 240427 419140 52114 19788280 19026408 860229 -653949 51861 19180827 16007077 142472 2924733 47874 19026408 16147718 71106 -164262 47485 16007077 0.08360 0.91640 0 0 0 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 10955026 10955026 X 6862859 2288515 436115 2724630 4138229 74124 74124 4212353 3350118 436115 436115 2914003 74124 74124 2988127 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 92825 67160 25665 37811 4677 MILLER CENTER GALA 92825 67160 25665 37811 4677 42488 -16823 1 READING AREA COMMUNITY COLLEGE 10 SOUTH SECOND STREET READING PA 19603 231745816 1233363 0 SCIENCE OF SUCCESS LAB CAMPAIGN, HEALTHCARE PAVILION CAMPAIGN, BOOKS AND EQUIPMENT, WORKS OF ART, ARTS, CULTURE AND LECTURES, 1 STUDENT SCHOLARSHIPS AND ASSISTANCE 924 1613076 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 145495 0 0 0 0 0 13005 0 50923 0 209423 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 1233363 CASH READING AREA COMMUNITY COLLEGE O 436115 FAIR VALUE