Berks Alliance FY2022 filing

Reading, PAUnknown exempt organization EIN 47-5101292Revenue $75K in FY2022

On file with the IRSberksalliance.org606 Court Street · Reading, PA

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To make strategic investments to enhance the vitality of the greater reading, pennsylvania area and support significant community revitalization and community development initatives.

96¢ of each $1 spent went to programs.
$43K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
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
0 of 4
filings with a surplus
Average deficit $302K a year · 540% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$43K
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
9 mo
of spending, in cash
Looks good: 9.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $35K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$75K
+71% vs prior year
Spent
$330K
To programs
96%
Net assets
$247K
By yearFY2020–FY2024
Revenue
$75K
FY2022▲ +71%
Tap a bar for its year
Revenue by fiscal year
FY2020$38K
FY2021$44K
FY2022$75K
FY2023$66K
FY2024$910
Expenses
$330K
FY2022▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$619K
FY2021$311K
FY2022$330K
FY2023$169K
FY2024Not on file
Net assets
$247K
FY2022▼ -51%
Tap a bar for its year
Net assets by fiscal year
FY2020$769K
FY2021$502K
FY2022$247K
FY2023$144K
FY2024$0

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $316K Management & general 4% · $15K

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

11 people listed on the 990; $43K paid to officers and key staff.

Part VII, Section A · reportable compensation
$43,200Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman/President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
R David Myers$39,215$43,200$43,200$43,200$40,400

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.

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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 15aNo

Programs and updates

Invests in projects to boost the Greater Reading area's vitality and community revitalization.

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Provided by the organization

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1 program · $316K · in their own filed words · FY2022
01

Grants to support community revitalization and economic development.

$316Kprogram 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 · FY2023
Total grants receivedfrom 2 funders$35K
Grants paid · 27 grants · $821K · 2020–2023
Eco MapFY2023$16,250
The InstitutePA · FY2023$10,000
Lit Communities LLCFY2022$79,000
Albright CollegePA · FY2022$74,600
Screpesi'sFY2022$17,466
Piro's INCFY2022$15,000
Allum Development Group LLCFY2022$11,363
Transportation Economics & Management Systems INCFY2021$29,060
Alvernia UniversityPA · FY2021$16,713
Redeemed Properties of ReadingFY2021$10,000
Art of Business INCFY2021$10,000
Balasios LahaniatisFY2021$8,873
Unitemized GrantFY2021$5,500
Transportation Economics & Management Systems INCFY2020$89,910
See all 27 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$75K
Ln 12
Gifts and grantsLn 1h$75K
Investment incomeLn 3$64
Money outPt IX
$330K
Ln 25
Programscol B$316K
Managementcol C$15K
Owns and owesPt X
$247K
net assets · Ln 32
Cash and savingsLn 1–2$251K
Total assetsLn 16$251K
LiabilitiesLn 26$4K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$75K
Investment incomeLn 3$64
Total revenueLn 12$75K
Assets in detailPt X, end of year
CashLn 1$251K
Cash and savings togetherLn 1–2$251K
Total assetsLn 16$251K
LiabilitiesLn 26$4K
Net assetsLn 32$247K
OperationsPt I, VI
EmployeesI 50
VolunteersI 614
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$517K$251K
Total assetsLn 16$517K$251K
LiabilitiesLn 26$15K$4K
Net assetsLn 32$502K$247K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$272K$272K
Management feesLn 11a$43K$43K
Accounting feesLn 11c$1K$1K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$12K$12K
Total functional expensesLn 25$330K$316K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $910$0 990 PDF
FY2023 $66K$169K−$103K$144K 990 PDF
FY2022 Viewing $75K$330K−$255K$247K 990 PDF
FY2021 $44K$311K−$267K$502K 990 PDF
FY2020 $38K$619K−$581K$769K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $75,064 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $41,250$75,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $31$64
I-11 Other revenuePrior year $2,607$0
I-12 Total revenuePrior year $43,888$75,064
I-13 Grants and similar amounts paidPrior year $139,834$272,429
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $171,084$57,954
I-18 Total expensesPrior year $310,918$330,383
I-19 Revenue less expensesPrior year −$267,030−$255,319
Part VI · Governance 11 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $75,064 across 4 lines filed
VIII-1f All other contributions, gifts and grants$75,000
VIII-1h Total contributions, gifts and grants$75,000
VIII-3 Investment incomeExcluded from tax $64$64
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $64$75,064
Part IX · Statement of functional expenses $330,383 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $272,429$272,429
IX-11a Management feesPrograms $43,200$43,200
IX-11c Accounting feesManagement $1,200$1,200
IX-23 InsuranceManagement $1,454$1,454
IX-24 Other expenses (24a–d)Management $12,100$12,100
IX-25 Total functional expensesPrograms $315,629 · Management $14,754 · Fundraising $0$330,383
Part X · Balance sheet $250,537 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $517,262$250,537
X-16 Total assetsStart of year $517,262$250,537
X-17 Accounts payable and accrued expensesStart of year $15,006$3,600
X-26 Total liabilitiesStart of year $15,006$3,600
X-27 Net assets without donor restrictionsStart of year $502,256$246,937
X-32 Total net assets or fund balancesStart of year $502,256$246,937
X-33 Total liabilities and net assetsStart of year $517,262$250,537
Part XI · Reconciliation of net assets $246,937 net assets at year end
XI-1 Total revenue$75,064
XI-2 Total expenses$330,383
XI-3 Revenue less expenses−$255,319
XI-4 Net assets at start of year$502,256
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$246,937

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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