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West Reading Community Revitalization Foundation FY2020 filing

Tax-deductible

West Reading, PA501(c)(3)Community Development EIN 23-2959713Revenue $200K in FY2020Latest return filed Nov 12, 2025

On file with the IRSvisitwestreading.comWest Reading, PATax-exempt since Mar 2002Publicly supported charity — 170(b)(1)(A)(vi)

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To promote historic continuity, a sense of Community and economic rejuvenation of property and commerce of the borough of West Reading.

501(c)(3) charity; gifts are tax-deductible.
61¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
3 of 5
filings with a surplus
Average surplus $15K a year · 6% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 14.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$146K
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$200K
Spent
$227K
To programs
61%
Net assets
$318K
By yearFY2020–FY2024
Revenue
$200K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$200K
FY2021$266K
FY2022$191K
FY2023$324K
FY2024$267K
Expenses
$227K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$227K
FY2021$188K
FY2022$187K
FY2023$209K
FY2024$362K
Net assets
$318K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$318K
FY2021$396K
FY2022$399K
FY2023$514K
FY2024$419K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2002.

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

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $137K Management & general 11% · $25K Fundraising 29% · $65K

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

Something off? Claim to add context

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Philip Wert
Vice President
$0Pt VII · Sec A
Cathy Hoffman
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See West Reading Community Revitalization 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 15aNo

Programs and updates

Revitalizes historic properties and businesses to foster community and economic growth.

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1 program · $137K · in their own filed words · FY2020
01

Facilitating the streetscape rehabilitation, design and construction within the borough of west reading to promote business activity and preserve the historical continuity of properties within the borough's neighborhood improvement district; preserve the housing stock in older neighborhoods and add beauty to the neighborhoods.

$137Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Vanguard Charitable Endowment ProgramFY2023$25K
Total grants receivedfrom 1 funder$25K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$200K
Ln 12
Gifts and grantsLn 1h$207K
Investment incomeLn 3$43
Money outPt IX
$227K
Ln 25
Programscol B$137K
Managementcol C$25K
Fundraisingcol D$65K
Owns and owesPt X
$318K
net assets · Ln 32
Cash and savingsLn 1–2$267K
Total assetsLn 16$464K
LiabilitiesLn 26$146K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$207K
Government grantsLn 1e$125K
Investment incomeLn 3$43
Total revenueLn 12$200K
Assets in detailPt X, end of year
CashLn 1$205K
SavingsLn 2$62K
Cash and savings togetherLn 1–2$267K
Land, buildings, equipmentLn 10c$197K
Total assetsLn 16$464K
LiabilitiesLn 26$146K
Net assetsLn 32$318K
OperationsPt I, VI
EmployeesI 52
VolunteersI 6400
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$280K$267K
Land, buildings, equipmentLn 10c$204K$197K
Total assetsLn 16$484K$464K
LiabilitiesLn 26$140K$146K
Net assetsLn 32$345K$318K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$67K$57K$7K$3K
Other employee benefitsLn 9$15K$12K$1K$733
Payroll taxesLn 10$5K$4K$500$250
Legal feesLn 11b$140$140
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$4K$3K$396$198
OccupancyLn 16$2K$644$645$645
TravelLn 17$30$10$10$10
InsuranceLn 23$3K$1K$1K$1K
Other expenses (24a–d)Ln 24$121K$59K$3K$59K
Total functional expensesLn 25$227K$137K$25K$65K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 12, 2025 $267K$362K−$95K$419K 990 PDF
FY2023Filed with the IRS Nov 11, 2024 $324K$209K$115K$514K 990 PDF
FY2022Filed with the IRS Nov 3, 2023 $191K$187K$3K$399K 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $266K$188K$78K$396K 990 PDF
FY2020 ViewingFiled with the IRS Nov 9, 2021 $200K$227K−$27K$318K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $200,105 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $230,409$207,027
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$43
I-11 Other revenuePrior year $63,092−$6,965
I-12 Total revenuePrior year $293,501$200,105
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $86,217$86,418
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $108,094$140,642
I-18 Total expensesPrior year $194,311$227,060
I-19 Revenue less expensesPrior year $99,190−$26,955
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $200,105 across 8 lines filed
VIII-1e Government grants$124,827
VIII-1f All other contributions, gifts and grants$82,200
VIII-1h Total contributions, gifts and grants$207,027
VIII-3 Investment incomeUnrelated business $43$43
VIII-6 Net rental income or lossUnrelated business −$5,925−$5,925
VIII-8 Net income from fundraising eventsExcluded from tax −$1,051−$1,051
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $11$11
VIII-12 Total revenueRelated to mission $0 · Unrelated business −$5,882 · Excluded from tax −$1,040$200,105
Part IX · Statement of functional expenses $227,060 across 12 lines filed
IX-7 Other salaries and wagesPrograms $56,738 · Management $6,675 · Fundraising $3,338$66,751
IX-9 Other employee benefitsPrograms $12,467 · Management $1,467 · Fundraising $733$14,667
IX-10 Payroll taxesPrograms $4,250 · Management $500 · Fundraising $250$5,000
IX-11b Legal feesManagement $140$140
IX-11c Accounting feesManagement $7,238$7,238
IX-11g Other fees for servicesManagement $1,984$1,984
IX-12 Advertising and promotionManagement $1,286$1,286
IX-13 Office expensesPrograms $3,370 · Management $396 · Fundraising $198$3,964
IX-16 OccupancyPrograms $644 · Management $645 · Fundraising $645$1,934
IX-17 TravelPrograms $10 · Management $10 · Fundraising $10$30
IX-23 InsurancePrograms $1,019 · Management $1,019 · Fundraising $1,019$3,057
IX-24 Other expenses (24a–d)Programs $58,909 · Management $3,192 · Fundraising $58,908$121,009
IX-25 Total functional expensesPrograms $137,407 · Management $24,552 · Fundraising $65,101$227,060
Part X · Balance sheet $463,542 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $279,918$204,865
X-2 Savings and temporary cash investmentsStart of year $267$61,690
X-10c Land, buildings and equipment, netStart of year $203,979$196,987
X-16 Total assetsStart of year $484,164$463,542
X-23 Secured mortgages and notes payableStart of year $139,506$134,242
X-24 Unsecured notes and loans payableStart of year $0$11,597
X-26 Total liabilitiesStart of year $139,506$145,839
X-27 Net assets without donor restrictionsStart of year $344,658$317,703
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $344,658$317,703
X-33 Total liabilities and net assetsStart of year $484,164$463,542
Part XI · Reconciliation of net assets $317,703 net assets at year end
XI-1 Total revenue$200,105
XI-2 Total expenses$227,060
XI-3 Revenue less expenses−$26,955
XI-4 Net assets at start of year$344,658
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$317,703

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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