2024-07-23T12:56:16-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2023-01-01 811689995 KTA FUNDING HOPE FOUNDATION KTAF 6107223356 920 CASSATT ROAD 205 BERWYN PA 19312 DAVID KOVACH PRESIDENT 6107223356 2024-07-23 1 DAVID KOVACH 999009999 1 DANIELLE NIHILL P01350943 7819821001 2024-07-22 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z DAVID KOVACH 920 CASSATT ROAD 205 BERWYN PA 19312 141275 0 1 X N/A X 2016 PA DEDICATED TO FUNDING HOPE FOR INDIVIDUALS AND ANIMALS IN OUR COMMUNITY. 11 11 0 18 0 0 6575 23555 0 0 17624 32558 0 0 24199 56113 38700 35500 0 0 0 0 0 0 0 3899 4571 42599 40071 -18400 16042 466415 526102 0 3833 466415 522269 KTA FUNDING HOPE FOUNDATION IS DEDICATED TO FUNDING HOPE FOR INDIVIDUALS AND ANIMALS IN OUR COMMUNITY. WE PASSIONATELY STRIVE TO INSPIRE HOPE IN DISADVANTAGED INDIVIDUALS AND ANIMALS TO HELP BETTER THEIR LIVES AND SPIRITS. 0 0 35500 35500 0 DURING 2023, THE FOUNDATION AWARDED GRANTS TO SEVEN ORGANIZATIONS THAT SUPPORT DISADVANTAGED INDIVIDUALS. 35500 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X THE ORGANIZATION 6107223356 920 CASSATT ROAD 205 BERWYN PA 19312 X DAVID KOVACH PRESIDENT, CHAIR 1.00 X X 0 0 0 ANDREW REDER VICE PRESIDENT 1.00 X X 0 0 0 MATTHEW ARNOLD TREASURER 1.00 X X 0 0 0 JACLYN SWAVELY SECRETARY 1.00 X X 0 0 0 TARA CYLCEWSKI BOARD MEMBER 1.00 X 0 0 0 ALAN GOOD BOARD MEMBER 1.00 X 0 0 0 STEVE GOTHARD BOARD MEMBER 1.00 X 0 0 0 MAUREEN MANION BOARD MEMBER 1.00 X 0 0 0 MIKE MARANSKY BOARD MEMBER 1.00 X 0 0 0 KRISTINE MOORE BOARD MEMBER 1.00 X 0 0 0 PAUL STANKIEWICZ BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 23555 23555 12518 12518 105202 85162 20040 20040 20040 56113 0 0 32558 35500 35500 3833 3833 738 738 40071 35500 4571 0 15109 27931 451306 498171 466415 526102 3833 0 3833 X 466415 522269 466415 522269 466415 526102 16042 39812 0 X 0 0 0 X 2505 2135 14214 6575 23555 48984 2505 2135 14214 6575 23555 48984 15566 33418 23648 9131 8104 8457 12518 61858 110842 0.30150 0.25800 X KTA FUNDING HOPE FOUNDATION WAS FOUNDED IN 2016 WITH A LARGE DONATION FROM A SINGLE DONOR. WITHIN THE PAST SEVERAL YEARS, THERE HAVE BEEN DONATIONS IN SMALLER AMOUNTS FROM A LARGE NUMBER OF INDIVIDUALS, WHICH HAS RESULTED IN THE RECENT PUBLIC SUPPORT PERCENTAGE FALLING BELOW 33.33%; BUT THE FUNDING WAS SIGNIFICANTLY DIVERSIFIED TO STILL MAINTAIN A SUPPORT PERCENTAGE ABOVE 10.00%. THIS CONTRIBUTION REVENUE HAS BEEN AN IMPORTANT FUNDING SOURCE TO ENSURE THE EXEMPT PURPOSE WORK CONDUCTED BY KTA FUNDING HOPE FOUNDATION IS ABLE TO CONTINUE. THE FOUNDATION HAS STEADILY INCREASED ITS PUBLIC SUPPORT PERCENTAGE OVER THE PAST FEW YEARS AND PLANS TO FURTHER DIVERSIFY ITS FUNDING IN 2024. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 CHESTER COUNTY FOOD BANK 650 PENNSYLVANIA DR EXTON PA 19341 270887311 501(C)(3) 10000 0 OPERATING SUPPORT 1 0 PART I, LINE 2: THE FOUNDATION REQUIRES AN APPLICATION FOR EACH GRANT, WHICH INCLUDES A DETAILED DESCRIPTION OF THE PROJECT, FINANCIAL STATEMENTS, A BUDGET, AND PROOF OF 501(C)(3) PUBLIC CHARITY STATUS. THE GRANT COMMITTEE REVIEWS THESE DOCUMENTS AND VOTES ON WHETHER OR NOT TO APPROVE THE GRANT. UPON APPROVAL, THE GRANT COMMITTEE CHAIR SENDS A CHECK REQUEST TO THE TREASURER. THE CHECK IS THEN SIGNED BY THE PRESIDENT. OFTEN, BOARD MEMBERS VISIT THE GRANTEE TO SEE THE DONATION IN ACTION. FORM 990, PART VI, SECTION A, LINE 2 DAVID KOVACH, PRESIDENT/CHAIR, AND ANDREW REDER, VICE PRESIDENT, HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 8B THE FOUNDATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN REVIEWED BY THE TREASURER AND PRESIDENT. A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ALL DIRECTORS, PRINCIPAL OFFICERS, AND MEMBERS OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS. POTENTIAL CONFLICTS AND ALL MATERIAL FACTS ARE REPORTED TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. THE REMAINING BOARD OR COMMITTEE MEMBERS DECIDE IF A CONFLICT EXISTS. THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE FOUNDATION CAN OBTAIN, WITH REASONABLE EFFORTS, A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF THIS IS NOT POSSIBLE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE FOUNDATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. ANNUAL DISCLOSURE IS REQUIRED, AND THOSE SUBJECT TO THE POLICY ARE REQUIRED TO DISCLOSE POSSIBLE CONFLICT SITUATIONS AS THEY ARISE. THE PRESIDENT MONITORS COMPLIANCE WITH THIS POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION DOES NOT COMPENSATE ANY PERSON WHO MEETS THE INTERNAL REVENUE SERVICE DEFINITION OF OFFICER OR KEY EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. THE FOUNDATION DOES NOT ISSUE FORMAL FINANCIAL STATEMENTS.