Nonprofit · EIN 25-6902295
CORE PHILLY CHARITABLE TR
Tax-exempt · PHILADELPHIA, PA 19103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $783,533 | $267,208 | $516,325 | $5,363,715 | $0 | $5,363,715 |
| December 31, 2023 | 990 | $293,664 | $261,289 | $32,375 | $4,690,199 | $0 | $4,690,199 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $685,305
- Net gain from sales of assets
- $537,820
- Other revenue
- $98,228
Expenses
- Grants and similar amounts paid
- $240,851
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $252,153
- Management and general (functional)
- $15,055
Balance sheet and other
- Total assets, start of year
- $4,690,199
- Total assets, end of year
- $5,363,715
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,363,715
- Publicly traded securities
- $3,942,220
- Gross unrelated business income
- $9,907
- Gross receipts
- $3,758,383
- Employees
- 0
- Year formed
- 2006
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THE GLENMEDE TRUST COMPANY NA | TRUSTEE Institutional trustee | 5 | $20,604 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THE GLENMEDE TRUST COMPANY NA | TRUSTEE Institutional trustee | – | $19,859 |
Address and contacts
- Address (IRS master file)
- C/O GLENMEDE 1650 MARKET ST STE, PHILADELPHIA, PA 19103-0000
- In care of
- % GLENMEDE TRUST CO NA
- Principal officer (990 for 2024)
- GLENMEDE TRUST CO NA, 1650 MARKET ST STE 4000, PHILADELPHIA, PA 19103
- Signed the 990
- MELISSA BURKE, DIRECTOR
- Phone
- (215) 419-6000
- Return prepared by
- ERNST & YOUNG US LLP
Mission
THE PURPOSE OF CORE PHILLY CHARITABLE TRUST IS TO RAISE FUNDS IN FORM OF AN ENDOWMENT FOR THE LONG-TERM SUPPORT OF A PROGRAM TO PROVIDE COLLEGE SCHOLARSHIPS TO GRADUATING, RESIDENT STUDENTS OF PHILADELPHIA PUBLIC, PAROCHIAL AND PRIVATE HIGH SCHOOLS. THE PROGRAM IS INTENDED TO BE BROAD BASED AND TO FOCUS UPON FUNDING WHICH MOST STUDENTS FACE, I.E. THE DEFICIENCY BETWEEN THE AGGREGATE EDUCATIONAL COSTS AND THE FUNDS WHICH ARE OTHERWISE AVAILABLE FROM THE STUDENT, HIS FAMILY AND INSTITUTIONAL AND GOVERNMENTAL PROGRAMS. THE PHILADELPHIA PUBLIC AND PAROCHIAL SCHOOLS AND ITS PRIVATE SCHOOLS CONTAIN A TREMENDOUS NUMBER OF STUDENTS OF LOWER MIDDLE INCOME FOR WHOM THIS FUND "GAP" EXISTS. THAT NEED WILL BE THE PRIMARY CRITERIA FOR THE AWARD OR SCHOLARSHIPS IN THE SCHOLARSHIP PROGRAM. THE TRUST ANTICIPATES ACCOMPLISHING ITS PURPOSE BY MAKING CONTRIBUTIONS TO PHILADELHIA COLLEGE OPPORTUNITY RESOURCES FOR EDUCATION ("CORE PHILLY"), WHICH IS AN EXEMPT PENNSYLVANIA NONPROFIT CORPORATION WHICH PRESENT
Program accomplishments
- PHILA COLLEGE OPPORTUNITYExpenses $252,153 · grants $240,851
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 25-6902295
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $5,363,715
- Income (IRS master file)
- $3,758,383
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $783,533 | $267,208 | $5,363,715 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $293,664 | $261,289 | $4,690,199 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $259,661 | $253,803 | $4,657,824 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about CORE PHILLY CHARITABLE TR
- What is the EIN of CORE PHILLY CHARITABLE TR?
- The employer identification number (EIN) of CORE PHILLY CHARITABLE TR is 25-6902295.
- Is CORE PHILLY CHARITABLE TR tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to CORE PHILLY CHARITABLE TR tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORE PHILLY CHARITABLE TR file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CORE PHILLY CHARITABLE TR due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORE PHILLY CHARITABLE TR last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CORE PHILLY CHARITABLE TR?
- The 990 for the year ended December 31, 2024 names GLENMEDE TRUST CO NA.
- Who are the officers and directors of CORE PHILLY CHARITABLE TR?
- The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $20,604 (THE GLENMEDE TRUST COMPANY NA, TRUSTEE).
- How much revenue does CORE PHILLY CHARITABLE TR have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $783,533, expenses of $267,208 and total assets of $5,363,715 at year end.
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