The Communitys Foundation FY2023 filing

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TCF is committed to enhancing and improving the quality of life in your community via scholarship programs, grantmaking programs, and charitable endeavors.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
$184K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $144K a year · 10% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$184K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $13.0M in investments, Pt X · Ln 11–13
Fine: 0.2 months of spending in cash, plus $13.0M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $245K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.7M
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
-13% vs prior year
Spent
$1.4M
To programs
67%
Net assets
$13.2M
By yearFY2020–FY2025
Revenue
$1.0M
FY2023▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.1M
FY2021$1.4M
FY2022$1.2M
FY2023$1.0M
FY2024$1.4M
FY2025$1.5M
Expenses
$1.4M
FY2023▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$1.2M
FY2023$1.4M
FY2024$1.4M
FY2025$1.6M
Net assets
$13.2M
FY2023▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$11.9M
FY2021$14.4M
FY2022$12.6M
FY2023$13.2M
FY2024$13.9M
FY2025$14.7M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1986.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $929K Management & general 26% · $357K Fundraising 7% · $96K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990; $184K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President & CEO
$118,981Pt VII · Sec A
Chief Financial Officer
$65,340Pt VII · Sec A
Treasurer/Director
$0Pt VII · Sec A
Secretary/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Chairperson/Director
$0Pt VII · Sec A

Heather Finnegan’s $139K as President is at the 58th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Heather Finnegan$138,512$131,704$118,981$118,981$120,487$121,561
Thomas Southmayd$81,972$43,225————
Kurt J Slenn——$65,340$65,340$57,170$68,977
Kurt Slenn—$63,596————
Lauren Sustersic$43,146—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Communitys Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves community life through scholarships, grants, and charitable projects.

Questions for The Communitys Foundation

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3 programs · $929K · in their own filed words · FY2022
01

Grants TCF awards grants through its organizational budget and through donor advised and community advised funds. TCF serves as a fiscal sponsor for community advised funds, assisting volunteer-led groups with marketing, administration, donation processing, treasury, and bookkeeping operations.

$662Kprogram expense
02

Scholarships TCF awards undergraduate scholarships to students that plan to pursue a career in the human health professions; these awards are for $7,000 each, payable 50% freshman year and 50% senior year. TCF also administers scholarship programs through donor advised funds field of interest funds, and community advised funds.

$234Kprogram expense
03

TCF has various community outreach programs.

$33Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 4 funders$245K
See all 4 funders →
Grants paid · 103 grants · $2.0M · 2019–2024
Unitemized GrantFY2024$178,438
Casa Youth Advocates INCPA · FY2024$35,000
Chester Eastside INCPA · FY2024$12,167
Chester Upland Youth SoccerPA · FY2024$8,650
Caring for FriendsPA · FY2024$8,250
Musicopia INCPA · FY2024$6,500
Del Cty Workforce Dev BdFY2024$6,000
Unitemized GrantFY2024$5,761
Career WardrobePA · FY2024$5,750
Chester Housing Initiatives INCNY · FY2024$5,500
See all 103 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$742K
Investment incomeLn 3$179K
Other incomeLn 4–11$119K
Money outPt IX
$1.4M
Ln 25
Programscol B$929K
Managementcol C$357K
Fundraisingcol D$96K
Owns and owesPt X
$13.2M
net assets · Ln 32
Cash and savingsLn 1–2$25K
Total assetsLn 16$14.9M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
14
listed · VII A
PaidVII A2
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$742K
Government grantsLn 1e$6K
Noncash giftsLn 1g$104K
Fundraising eventsLn 1c$12K
Investment incomeLn 3$179K
Other incomeLn 4–11$119K
Gains on assetsLn 7−$106K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
SavingsLn 2$25K
Cash and savings togetherLn 1–2$25K
Pledges and grants receivableLn 3$66K
Prepaid expenses and deferred chargesLn 9$65K
Land, buildings, equipmentLn 10c$1.6M
InvestmentsLn 11–13$13.0M
Other assetsLn 15$95K
Total assetsLn 16$14.9M
LiabilitiesLn 26$1.7M
Net assetsLn 32$13.2M
OperationsPt I, VI
EmployeesI 57
VolunteersI 6247
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$104K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$48K
Share of the $11.6M endowmentSch D 1g0.41%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$11.6M$11.1M$12.9M$11.1M$11.6M
Given inLn 1b$275K$176K$6K$0$11.6M
SpentLn 1d–1f$896K$694K$621K$678K$707K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$53K$25K
InvestmentsLn 11–13$12.3M$13.0M
Land, buildings, equipmentLn 10c$1.6M$1.6M
Total assetsLn 16$14.1M$14.9M
LiabilitiesLn 26$1.5M$1.7M
Net assetsLn 32$12.6M$13.2M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$439K$439K
Grants to domestic individualsLn 2$229K$229K
Pay of current officers, directors and key staffLn 5$219K$100K$91K$28K
Other salaries and wagesLn 7$153K$107K$33K$13K
Pension plan contributionsLn 8$11K$6K$4K$1K
Other employee benefitsLn 9$50K$25K$21K$4K
Payroll taxesLn 10$26K$15K$9K$3K
Legal feesLn 11b$4K$0$4K$0
Accounting feesLn 11c$24K$0$24K$0
Investment management feesLn 11f$48K$0$48K$0
Other fees for servicesLn 11g$2K$938$581$184
Advertising and promotionLn 12$3K$0$0$3K
Office expensesLn 13$7K$3K$4K$614
Information technologyLn 14$10K$0$10K$0
OccupancyLn 16$50K$0$50K$0
Conferences, conventions and meetingsLn 19$809$0$809$0
InterestLn 20$6K$0$6K$0
Depreciation, depletion and amortizationLn 22$36K$0$36K$0
InsuranceLn 23$9K$0$9K$0
Other expenses (24a–d)Ln 24$12K$6K$6K$562
All other expensesLn 24e$42K−$2K$1K$42K
Total functional expensesLn 25$1.4M$929K$357K$96K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 12, 2026 $1.5M$1.6M−$120K$14.7M 990 PDF
FY2024Filed with the IRS Jan 16, 2025 $1.4M$1.4M$20K$13.9M 990 PDF
FY2023 ViewingFiled with the IRS Mar 22, 2024 $1.0M$1.4M−$341K$13.2M 990 PDF
FY2022Filed with the IRS May 15, 2023 $1.2M$1.2M−$18K$12.6M 990 PDF
FY2021Filed with the IRS May 4, 2022 $1.4M$1.1M$314K$14.4M 990 PDF
FY2020Filed with the IRS Jan 8, 2021 $2.1M$1.1M$1.0M$11.9M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,040,482 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $579,485$742,375
I-9 Program service revenue$0
I-10 Investment incomePrior year $398,213$179,131
I-11 Other revenuePrior year $218,664$118,976
I-12 Total revenuePrior year $1,196,362$1,040,482
I-13 Grants and similar amounts paidPrior year $568,319$667,597
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $455,709$460,120
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $190,731$254,038
I-18 Total expensesPrior year $1,214,759$1,381,755
I-19 Revenue less expensesPrior year −$18,397−$341,273
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,040,482 across 11 lines filed
VIII-1c Fundraising events$12,099
VIII-1e Government grants$6,008
VIII-1f All other contributions, gifts and grants$724,268
VIII-1g Noncash contributions (included above)$104,459
VIII-1h Total contributions, gifts and grants$742,375
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $284,997$284,997
VIII-6 Net rental income or lossExcluded from tax $52,080$52,080
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax −$105,866−$105,866
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $57,405$57,405
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,491 · Unrelated business $0 · Excluded from tax $0$9,491
VIII-12 Total revenueRelated to mission $9,491 · Unrelated business $0 · Excluded from tax $288,616$1,040,482
Part IX · Statement of functional expenses $1,381,755 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $438,851$438,851
IX-2 Grants to domestic individualsPrograms $228,746$228,746
IX-5 Pay of current officers, directors and key staffPrograms $99,819 · Management $91,342 · Fundraising $27,994$219,155
IX-7 Other salaries and wagesPrograms $107,470 · Management $32,620 · Fundraising $13,252$153,342
IX-8 Pension plan contributionsPrograms $6,124 · Management $3,530 · Fundraising $1,225$10,879
IX-9 Other employee benefitsPrograms $25,458 · Management $20,695 · Fundraising $4,237$50,390
IX-10 Payroll taxesPrograms $14,666 · Management $8,770 · Fundraising $2,918$26,354
IX-11b Legal feesPrograms $0 · Management $3,805 · Fundraising $0$3,805
IX-11c Accounting feesPrograms $0 · Management $24,200 · Fundraising $0$24,200
IX-11f Investment management feesPrograms $0 · Management $47,518 · Fundraising $0$47,518
IX-11g Other fees for servicesPrograms $938 · Management $581 · Fundraising $184$1,703
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $2,924$2,924
IX-13 Office expensesPrograms $3,136 · Management $3,647 · Fundraising $614$7,397
IX-14 Information technologyPrograms $0 · Management $10,160 · Fundraising $0$10,160
IX-16 OccupancyPrograms $0 · Management $50,168 · Fundraising $0$50,168
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $809 · Fundraising $0$809
IX-20 InterestPrograms $0 · Management $6,473 · Fundraising $0$6,473
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $35,786 · Fundraising $0$35,786
IX-23 InsurancePrograms $0 · Management $9,305 · Fundraising $0$9,305
IX-24 Other expenses (24a–d)Programs $5,703 · Management $5,973 · Fundraising $562$12,238
IX-24e All other expensesPrograms −$2,241 · Management $1,497 · Fundraising $42,296$41,552
IX-25 Total functional expensesPrograms $928,670 · Management $356,879 · Fundraising $96,206$1,381,755
Part X · Balance sheet $14,863,209 assets, 19 lines filed
X-2 Savings and temporary cash investmentsStart of year $52,929$25,313
X-3 Pledges and grants receivableStart of year $63,000$66,500
X-9 Prepaid expenses and deferred chargesStart of year $48,226$64,895
X-10c Land, buildings and equipment, netStart of year $1,626,853$1,599,274
X-11 Publicly traded securitiesStart of year $12,297,355$13,012,465
X-15 Other assetsStart of year $0$94,762
X-16 Total assetsStart of year $14,088,363$14,863,209
X-17 Accounts payable and accrued expensesStart of year $153,785$109,066
X-18 Grants payableStart of year $334,991$348,291
X-19 Deferred revenueStart of year $11,750$87,503
X-21 Escrow or custodial accountsStart of year $944,372$1,010,905
X-23 Secured mortgages and notes payableStart of year $36,000$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$94,762
X-26 Total liabilitiesStart of year $1,480,898$1,650,527
X-27 Net assets without donor restrictionsStart of year $12,019,235$12,446,953
X-28 Net assets with donor restrictionsStart of year $588,230$765,729
X-32 Total net assets or fund balancesStart of year $12,607,465$13,212,682
X-33 Total liabilities and net assetsStart of year $14,088,363$14,863,209
Part XI · Reconciliation of net assets $13,212,682 net assets at year end
XI-1 Total revenue$1,040,482
XI-2 Total expenses$1,381,755
XI-3 Revenue less expenses−$341,273
XI-4 Net assets at start of year$12,607,465
XI-5 Net unrealized gains (losses) on investments$946,490
XI-10 Net assets at end of year$13,212,682

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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