2024-11-14T06:39:22-06:00 2023-12-31 231909723 MCKONLY & ASBURY LLP 415 FALLOWFIELD ROAD CAMP HILL PA 17011 990 2023-03-07 922734645 THE HRG CHARITABLE FOUNDATION HRGC 7173089632 369 EAST PARK DRIVE HARRISBURG PA 17111 ALLEN SNYDER TREASURER & DIRECTOR 7173089632 2024-11-08 1 1 JAMES P SHELLENBERGER P02449735 7177617910 2024-11-08 X 2023 2024-10-15 13:58:12Z X ALLEN SNYDER 369 EAST PARK DRIVE HARRISBURG PA 17111 260000 0 X N/A X 2023 PA THE FOUNDATION'S MAIN FOCUS IS TO PROMOTE ADVANCEMENT OF SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) INITIATIVES WITH AN EYE TOWARD FACILITATIONG A DIVERSE WORKFORCE. IT DOES THIS BY PROVIDING SCHOLARSHIP OPPORTUNITIES TO THOSE IN FINANCIAL NEED AND SPONSORING ACTIVITIES AND INITIATIVES TO RAISE AWARENESS ABOUT CAREERS IN STEM. ALL ACTIVITIES UNDERTAKEN BY THE FOUNDATION TO ACHIEVE ITS GOAL OF FACILITATING KNOWLEDGE ABOUT AND INTEREST IN STEM WILL BE CHARITABLE AND EDUCATIONAL IN NATURE. 4 0 0 4 0 0 260000 0 0 0 260000 0 0 0 0 0 0 0 260000 260000 0 260000 X THE FOUNDATION'S MAIN FOCUS IS TO PROMOTE ADVANCEMENT OF SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) INITIATIVES WITH AN EYE TOWARD FACILITATIONG A DIVERSE WORKFORCE. IT DOES THIS BY PROVIDINGSCHOLARSHIP OPPORTUNITIES TO THOSE IN FINANCIAL NEED AND SPONSORING ACTIVITIES AND INITIATIVES TO RAISE AWARENESS ABOUT CAREERS IN STEM. ALL ACTIVITIES UNDERTAKEN BY THE FOUNDATION TO ACHIEVE ITS GOAL OF FACILITATING KNOWLEDGE ABOUT AND INTEREST IN STEM WILL BE CHARITABLE AND EDUCATIONAL IN NATURE. 0 0 THE OFFICERS, DIRECTORS AND EMPLOYEES OF THE FOUNDATION WILL UTILIZE INVESTMENT INCOME AND DONATIONS FROM ORGANIZATIONS AND INDIVIDUALS THROUGHOUT THE CENTRAL PENNSYLVANIA AREA TO FURTHER THE FOUNDATION'S CHARITABLE AND EDUCATIONAL PURPOSES. GENERATING AWARENESS AROUND STEM AND CREATING OPPORTUNITIES FOR CAREERS IN THOSE DISCIPLINES IS A KEY GOAL OF THE FOUNDATION. PROVIDING SCHOLARSHIPS FOR STUDENTS INTERESTED IN STEM, SPONSORING ACTIVITIES AND INITIATIVES GEARED TOWARD STEM AND DONATING MONEY AND TIME TO STEM-BASED INITIATIVES IS WHAT DRIVES THE FOUNDATION AND ITS OFFICERS AND DIRECTORS. 1 1 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 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 PA X ALLEN SNYDER TREASURER DIRECTOR 7173089632 369 EAST PARK DRIVE HARRISBURG PA 17111 X ROBERT GRUBIC PRESIDENT & DIRECTOR 1.00 X X 0 0 0 ALLEN SNYDER TREASURER & DIRECTOR 1.00 X X 0 0 0 WENDY JEWELL SECRETARY 1.00 X X 0 0 0 JASON FRALICK DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 260000 260000 260000 0 0 0 0 0 0 0 260000 0 260000 0 0 X 0 260000 0 0 260000 0 260000 260000 0 X X 1 X 0 1 0 X 260000 260000 260000 260000 10000 10000 0 10000 10000 250000 260000 260000 X PART III, SHORT YEAR EXPLANATION: 2023 IS THE INITIAL YEAR AND IS A SHORT YEAR. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE FOUNDATION ADHERES TO THE PROVISIONS OF FASB ASC 740, INCOME TAXES. FASB ASC 740 ESTABLISHES RULES FOR RECOGNIZING AND MEASURING TAX POSITIONS TAKEN IN AN INCOME TAX RETURN, INCLUDING DISCLOSURES OF UNCERTAIN TAX POSITIONS (UTPS). FASB ASC 740 MANDATES THAT COMPANIES EVALUATE ALL MATERIAL INCOME TAX POSITIONS FOR PERIODS THAT REMAIN OPEN UNDER APPLICABLE STATUTES OF LIMITATION, AS WELL AS POSITIONS EXPECTED TO BE TAKEN IN FUTURE RETURNS. THE UTP RULES THEN IMPOSE A RECOGNITION THRESHOLD ON EACH TAX POSITION. AN ORGANIZATION CAN RECOGNIZE AN INCOME TAX BENEFIT ONLY IF THE POSITION HAS A "MORE LIKELY THAN NOT" (I.E., MORE THAN 50 PERCENT) CHANCE OF BEING SUSTAINED ON THE TECHNICAL MERITS. FOR THE YEAR ENDED DECEMBER 31, 2023, THE FOUNDATION HAS TAKEN NO MATERIAL TAX POSITIONS ON ITS APPLICABLE TAX FILINGS THAT DO NOT MEET THE "MORE LIKELY THAN NOT" THRESHOLD. AS A RESULT, NO AMOUNT FOR UTPS HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. MANAGEMENT BELIEVES IT IS SUBJECT TO INCOME TAX EXAMINATIONS FOR ALL YEARS SINCE INCEPTION. 1 PART I, LINE 2: THE HRG CHARITABLE FOUNDATION WILL MAKE SCHOLARSHIPS AVAILABLE TO STUDENTS IN FINANCIAL NEED WHO ARE INTERESTED IN PURSUING SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) CAREERS. WHILE THE HRG CHARITABLE FOUNDATION HAS NOT YET AWARDED OR SOLICITED ANY RECIPIENTS FOR SCHOLARSHIPS, IT INTENDS TO DO SO ONCE A FAVORABLE DETERMINATION LETTER IS RECEIVED FROM THE INTERNAL REVENUE SERVICE. THE PURPOSE OF THE SCHOLARSHIPS WILL BE TO ASSIST FINANCIALLY NEEDY STUDENTS IN ACHIEVING HIGHER EDUCATION IN STEM-BASED CAREERS. THE AMOUNT AND NUMBER OF SCHOLARSHIPS PER YEAR WILL VARY BASED UPON CONTRIBUTIONS AND AVAILABLE CASH FLOW. THE HRG CHARITABLE FOUNDATION WILL ADVERTISE THE AVAILABILITY OF THE SCHOLARSHIPS TO STUDENTS IN THE CENTRAL PENNSYLVANIA COMMUNITIES IN WHICH IT OPERATES AND WILL DEVELOP NON-DISCRIMINATORY METRICS BY WHICH TO DETERMINE ELIGIBILITY AND SELECTION OF RECIPIENTS. NO SCHOLARSHIPS HAVE BEEN AWARDED YET. WHEN SCHOLARSHIPS ARE AWARDED, HOWEVER, THE HRG CHARITABLE FOUNDATION WILL MAINTAIN CASE HISTORIES SHOWING THE INFORMATION ABOVE. THE HRG CHARITABLE FOUNDATION HAS NOT YET SOLICITED RECIPIENTS FOR SCHOLARSHIPS, BUT IS AND WILL DEVELOP REQUIREMENTS AND CONDITIONS ON ELIGIBILITY AND GRANT OF SCHOLARSHIPS. IT IS CURRENTLY ENVISIONED THAT SOME OF THE SPECIFIC CONDITIONS WILL INCLUDE ATTENDANCE AT A PENNSYLVANIA-BASED HIGHER EDUCATION INSTITUTION IN PURSUIT OF A 2 OR 4 YEAR DEGREE AND THE MAINTENANCE OF A 3.5 GPA. THE BOARD OF DIRECTORS WILL APPOINT A COMMITTEE OF NON-EMPLOYEE LEADERS FROM THE CENTRAL PENNSYLVANIA COMMUNITY TO SIT ON THE SELECTION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 2 ROBERT GRUBIC, ALLEN SNYDER, JASON FRALICK, AND WENDY JEWELL HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 8A NO FORMAL MEETINGS WERE HELD AS THE FOUNDATION HAD NO ACTIVITY. FORM 990, PART VI, SECTION A, LINE 8B NO ACTIONS TAKEN. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS DISTRIBUTED TO THE ENTIRE BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PART XII, LINE 2C YES, THE FOUNDATION'S PRESIDENT, TREASURER, AND SECRETARY ASSUME OVERSIGHT OF THE REVIEW AND SELECT THE INDEPENDENT ACCOUNTANT. HERBERT ROWLAND & GRUBIC INC 369 E PARK DR HARRISBURG PA 17111 231609730 ENGINEERING SERVICE PA N/A S 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 HERBERT ROWLAND & GRUBIC INC C 250000 CASH