2024-11-11T06:31:06-06:00 2023-12-31 232108173 RKL LLP 1330 BROADCASTING ROAD WYOMISSING PA 196106008 990 2023-01-01 232959713 WEST READING COMMUNITY REVITALIZATION FOUNDATION WEST 6106858854 20 N 6TH AVE 2ND FL WEST READING PA 19611 MARK DOUGHERTY PRESIDENT 6106858854 2024-10-24 1 0 RUTHANN J WOLL CPA P00647342 6103761595 2024-10-24 2023 2024-10-15 13:58:12Z MARK DOUGHERTY 20 N 6TH AVE 2ND FL WEST READING PA 19611 398586 0 X WWW.VISITWESTREADING.COM X 1998 PA TO PROMOTE HISTORIC CONTINUITY, A SENSE OF COMMUNITY AND ECONOMIC REJUVENATION OF PROPERTY AND COMMERCE OF THE BOROUGH OF WEST READING. 9 9 2 400 -1342 0 127950 243680 0 0 60 4654 62631 75408 190641 323742 0 0 0 0 98767 99690 0 0 44502 88587 109073 187354 208763 3287 114979 522141 630924 122795 116599 399346 514325 TO PROMOTE HISTORIC CONTINUITY, A SENSE OF COMMUNITY AND ECONOMIC REJUVENATION OF PROPERTY AND COMMERCE OF THE BOROUGH OF WEST READING. 0 0 125502 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. 125502 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 24 0 1 2 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 PA X THE ORGANIZATION 6106858854 20 NORTH 6TH AVE 2ND FL 2A WEST READING PA 19611 X DR MARK DOUGHERTY PRESIDENT 5.00 0.00 X X 0 0 0 PHILIP WERT VICE PRESIDENT 5.00 0.00 X X 0 0 0 NANCY CAMBELL SECRETARY 2.00 0.00 X X 0 0 0 ANDREW MOLETRESS TREASURER 5.00 0.00 X X 0 0 0 TINA SHENK GENERAL BOARD MEMBER 1.00 0.00 X 0 0 0 WILLIAM GAGE GENERAL BOARD MEMBER 1.00 0.00 X 0 0 0 KATE ALLEY GENERAL BOARD MEMBER 1.00 0.00 X 0 0 0 0 0 0 0 0 0 0 0 44200 62000 137480 243680 4654 4654 23527 25539 -2012 -2012 -1342 -670 125250 44200 49305 75945 75945 MISCELLANEOUS 900099 1475 1475 1475 323742 0 -1342 81404 77183 65606 7718 3859 16400 13940 1640 820 6107 5191 611 305 2542 2542 7450 7450 2028 2028 7054 7054 1561 1327 156 78 19491 6497 6497 6497 954 318 318 318 1862 620 621 621 COMMUNITY DEVELOPMENT E 59759 29879 29880 DUES AND SUBSCRIPTIONS 4848 1616 1616 1616 MISCELLANEOUS 1077 359 359 359 TRAINING 447 149 149 149 208763 125502 38759 44502 266876 269822 72262 185091 210260 34249 183003 176011 522141 630924 122795 116599 122795 116599 X 399346 514325 399346 514325 522141 630924 114979 0 X X 1 X 0 1 0 X 230409 207027 244259 127950 243680 1053325 230409 207027 244259 127950 243680 1053325 358128 695197 25944 14543 2600 6843 28181 78111 462 11 1390 46 1475 3384 1134820 485503 0.61260 0.66050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 210260 34249 176011 176011 X 398586 74844 74844 323742 0 323742 283607 74844 74844 208763 0 208763 PART X, LINE 2: AS A NONPROFIT CORPORATION, THE FOUNDATION IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE FOUNDATION IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME. THE FOUNDATION RECOGNIZES PENALTIES AND INTEREST ACCRUED RELATED TO INCOME TAX LIABILITIES IN THE PROVISION FOR INCOME TAXES IN ITS STATEMENT OF REVENUES COLLECTED AND EXPENSES PAID - MODIFIED CASH BASIS. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THERE WAS NO ACCRUAL FOR THE PAYMENT OF PENALTIES AND INTEREST. WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD ULTIMATELY BE SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS TAKEN ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING STATEMENT OF REVENUES COLLECTED AND EXPENSES PAID - MODIFIED CASH BASIS, ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. THE FOUNDATION FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE FOUNDATION'S INCOME TAX RETURNS ARE NOT SUBJECT TO EXAMINATION THROUGH THE YEAR ENDED DECEMBER 31, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 49,305. RENTAL EXPENSE 25,539. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 49,305. RENTAL EXPENSES 25,539. FALL FESTIVAL 65831 10000 55831 1463 3100 6862 ART ON THE AVENUE 63454 15500 47954 1300 7550 5930 2 37122 17200 19922 1333 2510 3435 10185 166407 42700 123707 4096 2510 14085 22977 43668 80039 FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S BOARD REVIEWS THE TAX RETURN BEFORE FILING. FORM 990, PART VI, SECTION C, LINE 18 THE FOUNDATION'S ORGANIZATIONAL DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990 PART XII, LINE 1: THE ORGANIZATION USES A MODIFIED CASH METHOD OF ACCOUNTING. FORM 990 PART XII, LINE 2C: THE ORGANIZATION'S SELECTION OF INDEPENDENT AUDITORS AND REVIEW OF THE AUDIT HAS NOT CHANGED FROM PRIOR YEARS. FORM 990 PART V, LINE 1C: THE ORGANIZATION DID NOT HAVE ANY INSTANCES WHERE BACKUP WITHHOLDING WAS REQUIRED; HOWEVER IF THE SITUATION WOULD ARISE, THE ORGANIZATION IS AWARE OF THE REPORTING REQUIREMENTS AND WOULD HANDLE THAT ACCORDINGLY. BOROUGH OF WEST READING 500 CHESTNUT STREET WEST READING PA 19611 261726143 GOVERNMENT PA 501(C)(1) 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 BOROUGH OF WEST READING C 49500 CASH