Radnor Educational Foundation INC

Tax-deductible

Wayne, PA501(c)(3)Since 1994Foundations & GrantmakersEIN 23-2790936Revenue $258K in FY2024

On file with the IRSradnoreducationalfoundation.org135 S Wayne Ave, 19087-4117 · Wayne, PATax-exempt since Feb 1995Publicly supported charity — 170(b)(1)(A)(vi)

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Provide Educational grants

501(c)(3) charity; gifts are tax-deductible.
27¢ of each $1 spent went to programs.
Run by 75 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $11K a year · 6% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
27%
of spending
Concern: 27% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$18K
to officers and key staff · 11% of spending
Top officer’s pay lower than 83% of similar orgs
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$114K
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$258K
+22% vs prior year
Spent
$176K
To programs
27%
Net assets
$414K
By yearFY2020–FY2024
Revenue
$258K
FY2024▲ +22%
Revenue by fiscal year
FY2020$215K
FY2021$212K
FY2022$35K
FY2023$197K
FY2024$210K
FY2024$258K
Expenses
$176K
FY2024▼ -15%
Expenses by fiscal year
FY2020$144K
FY2021$162K
FY2022$120K
FY2023$183K
FY2024$207K
FY2024$176K
Net assets
$414K
FY2024▲ +25%
Net assets by fiscal year
FY2020$349K
FY2021$399K
FY2022$314K
FY2023$328K
FY2024$332K
FY2024$414K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1995.

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

Where the money goes

27 cents of each dollar spent went to programs.

Program services 27% · $48K Management & general 58% · $102K Fundraising 15% · $26K

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

22 people listed on the 990; $18K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director
$18,500Pt VII · Sec A
PTO Liaison-
$0Pt VII · Sec A
Nominations
$0Pt VII · Sec A
Student Boar
$0Pt VII · Sec A
PTO Liaison-
$0Pt VII · Sec A
Student Boar
$0Pt VII · Sec A
Student Boar
$0Pt VII · Sec A
Grants Commi
$0Pt VII · Sec A

Erin Dunkel’s $18K as Director is at the 17th percentile of top reported officer pay among 1264 $100K–1M 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.

See Radnor Educational Foundation INC executive salaries →

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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

Radnor Educational Foundation INC is a public foundation based in Wayne, PA, formed in 1994.

Provided by the organization

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1 program · $48K · in their own filed words · FY2024
01

Various grants to provide student enrichment and create opportunities for educational innovation for the benefit of the students of radnor township school district

$48Kprogram 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 1 funder$20K
Grants paid · 19 grants · $338K · 2019–2024
Radnor Township School DistrictFY2024$34,364
Radnor Township School DistrictFY2024$9,722
Radnor Township School DistrictFY2023$45,411
Radnor Township School DistrictFY2023$30,191
Radnor Township School DistrictFY2023$23,190
Radnor Township School DistrictFY2023$7,681
Radnor Township School DistrictFY2022$38,561
Radnor Township School DistrictFY2022$9,000
Radnor Township School DistrictFY2022$8,000
Radnor Township School DistrictFY2022$5,700
Radnor Township School DistrictFY2022$5,045
Radnor Township School DistrictFY2021$9,774
Radnor Township School DistrictFY2021$7,775
Radnor Township School DistrictFY2021$6,084
Radnor Township School DistrictFY2021$5,700
Radnor Township School DistrictFY2020$66,000
Radnor Township School DistrictFY2020$5,500
Radnor Township School DistrictFY2020$5,177
See all 19 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$258K
Ln 12
Gifts and grantsLn 1h$202K
Investment incomeLn 3$54K
Other incomeLn 4–11$2K
Money outPt IX
$176K
Ln 25
Programscol B$48K
Managementcol C$102K
Fundraisingcol D$26K
Owns and owesPt X
$414K
net assets · Ln 32
Cash and savingsLn 1–2$56K
Total assetsLn 16$528K
LiabilitiesLn 26$114K
PeoplePt VI, VII
22
listed · VII A
PaidVII A1
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$202K
Noncash giftsLn 1g$25K
Fundraising eventsLn 1c$57K
Investment incomeLn 3$54K
Other incomeLn 4–11$2K
Total revenueLn 12$258K
Assets in detailPt X, end of year
CashLn 1$42K
SavingsLn 2$14K
Cash and savings togetherLn 1–2$56K
InvestmentsLn 11–13$472K
Total assetsLn 16$528K
LiabilitiesLn 26$114K
Net assetsLn 32$414K
OperationsPt I, VI
EmployeesI 54
VolunteersI 675
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$87K$56K
InvestmentsLn 11–13$419K$472K
Total assetsLn 16$507K$528K
LiabilitiesLn 26$174K$114K
Net assetsLn 32$332K$414K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$48K$48K
Pay of current officers, directors and key staffLn 5$18K$18K
Other salaries and wagesLn 7$34K$34K
Payroll taxesLn 10$4K$4K
Accounting feesLn 11c$23K$20K$3K
Other fees for servicesLn 11g$784$784
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$13K$13K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$29K$6K$23K
Total functional expensesLn 25$176K$48K$102K$26K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $210K$207K$4K$332K 990 PDF
FY2023 $197K$183K$14K$328K 990 PDF
FY2022 $35K$120K−$85K$314K 990 PDF
FY2021 $212K$162K$50K$399K 990 PDF
FY2020 $215K$144K$71K$349K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $257,571 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $147,853$201,527
I-9 Program service revenue$0
I-10 Investment incomePrior year $57,864$53,571
I-11 Other revenuePrior year $4,768$2,473
I-12 Total revenuePrior year $210,485$257,571
I-13 Grants and similar amounts paidPrior year $106,473$47,855
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $52,948$56,851
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $47,105$71,135
I-18 Total expensesPrior year $206,526$175,841
I-19 Revenue less expensesPrior year $3,959$81,730
Part VI · Governance 21 of 21 board members independent, 3 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $257,571 across 7 lines filed
VIII-1c Fundraising events$56,557
VIII-1f All other contributions, gifts and grants$144,970
VIII-1g Noncash contributions (included above)$25,397
VIII-1h Total contributions, gifts and grants$201,527
VIII-3 Investment incomeRelated to mission $53,571$53,571
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,473$2,473
VIII-12 Total revenueRelated to mission $56,044$257,571
Part IX · Statement of functional expenses $175,841 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $47,855$47,855
IX-5 Pay of current officers, directors and key staffManagement $18,500$18,500
IX-7 Other salaries and wagesManagement $33,886$33,886
IX-10 Payroll taxesManagement $4,465$4,465
IX-11c Accounting feesManagement $19,900 · Fundraising $3,200$23,100
IX-11g Other fees for servicesManagement $784$784
IX-12 Advertising and promotionManagement $1,316$1,316
IX-13 Office expensesManagement $13,281$13,281
IX-23 InsuranceManagement $3,693$3,693
IX-24 Other expenses (24a–d)Management $6,264 · Fundraising $22,697$28,961
IX-25 Total functional expensesPrograms $47,855 · Management $102,089 · Fundraising $25,897$175,841
Part X · Balance sheet $527,542 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $73,691$41,722
X-2 Savings and temporary cash investmentsStart of year $13,595$14,231
X-11 Publicly traded securitiesStart of year $419,217$471,589
X-16 Total assetsStart of year $506,503$527,542
X-17 Accounts payable and accrued expensesStart of year $174,460$113,769
X-26 Total liabilitiesStart of year $174,460$113,769
X-27 Net assets without donor restrictionsStart of year $265,358$359,457
X-28 Net assets with donor restrictionsStart of year $66,685$54,316
X-32 Total net assets or fund balancesStart of year $332,043$413,773
X-33 Total liabilities and net assetsStart of year $506,503$527,542
Part XI · Reconciliation of net assets $413,773 net assets at year end
XI-1 Total revenue$257,571
XI-2 Total expenses$175,841
XI-3 Revenue less expenses$81,730
XI-4 Net assets at start of year$332,043
XI-6 Donated services and use of facilities$34,760
XI-9 Other changes in net assets−$34,760
XI-10 Net assets at end of year$413,773

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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