Nonprofit · EIN 23-2500863
PAOLI 1 INC
Tax-exempt · WAYNE, PA 19087
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $114,401 | $37,611 | $76,790 | $1,437,850 | $94,820 | $1,343,030 |
| August 31, 2024 | 990 | $759 | $34,956 | -$34,197 | $1,315,851 | $84,194 | $1,231,657 |
| August 31, 2023 | 990 | $100 | $70,786 | -$70,686 | $1,146,835 | $70,780 | $1,076,055 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $100
- Program service revenue
- $0
- Investment income
- $112,913
- Other revenue
- $1,388
Expenses
- Grants and similar amounts paid
- $19,801
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $6,052
- Program services (functional)
- $37,611
Balance sheet and other
- Total assets, start of year
- $1,315,851
- Total assets, end of year
- $1,437,850
- Total liabilities, end of year
- $94,820
- Net assets, end of year
- $1,343,030
- Publicly traded securities
- $1,399,869
- Gross receipts
- $114,401
- Employees
- 0
- Volunteers
- 125
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL MAGNOTTA | CHAIR Trustee or director, Officer | 1 | $0 |
| CRAIG HADDEN | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| TERRY IVES | TREASURER Trustee or director, Officer | 1 | $0 |
| JOHN EMBICK | SECRETARY Trustee or director, Officer | 1 | $0 |
| JASON TROXELL | BOARD MEMBER Trustee or director | 1 | $0 |
| PAUL SACHS | BOARD MEMBER Trustee or director | 1 | $0 |
| WILLIAM KINIRY JR | BOARD MEMBER Trustee or director | 1 | $0 |
| LAWRENCE BILKER | BOARD MEMBER Trustee or director | 1 | $0 |
| RICHARD BENSING | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN LISLE | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended August 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL MAGNOTTA | CHAIR Trustee or director, Officer | 1 | $0 |
| CRAIG HADDEN | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| TERRY IVES | TREASURER Trustee or director, Officer | 1 | $0 |
| JOHN EMBICK | SECRETARY Trustee or director, Officer | 1 | $0 |
| JASON TROXELL | BOARD MEMBER Trustee or director | 1 | $0 |
| PAUL SACHS | BOARD MEMBER Trustee or director | 1 | $0 |
| WILLIAM KINIRY JR | BOARD MEMBER Trustee or director | 1 | $0 |
| LAWRENCE BILKER | BOARD MEMBER Trustee or director | 1 | $0 |
| RICHARD BENSING | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN LISLE | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended August 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Magnotta | Chairman Trustee or director, Officer | 1 | $0 |
| Craig Hadden | ViceChairman Trustee or director, Officer | 1 | $0 |
| Terry Ives | Treasurer Trustee or director, Officer | 1 | $0 |
| John Embick | Secretary Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1038 RADNOR RD, WAYNE, PA 19087-2205
- In care of
- % JOHN R EMBICK
- Principal officer (990 for 2024)
- MICHAEL MAGNOTTA, 1038 RADNOR ROAD, WAYNE, PA 190872205
- Signed the 990
- TERRY IVES, TREASURER
- Phone
- (215) 850-4131
- Return prepared by
- J MILLER & ASSOCIATES LLC
Mission
SUPPORT OF PAOLI TROOP NO. 1 (A UNIT OF THE BOY SCOUTS OF AMERICA); TROOP COMMITTEE PAOLI 1 (A CHARTERED UNIT SPONSOR OF THE BOY SCOUTS OF AMERICA); AND CHESTER COUNTY COUNCIL (A CHARTERED COUNCIL OF THE BOY SCOUTS OF AMERICA).
Program accomplishments
- GRANTS TO AND SUPPORT OF PAOLI TROOP NO. 1 (A UNIT OF THE BOY SCOUTS OF AMERICA); TROOP COMMITTEE PAOLI 1 (A CHARTERED UNIT SPONSOR); AND CHESTER COUNTY COUNCIL (A CHARTERED COUNCIL OF THE BOY SCOUTS OF AMERICA).Expenses $37,611 · grants $19,801
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 23-2500863
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1993
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,437,850
- Income (IRS master file)
- $114,401
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $114,401 | $37,611 | $1,437,850 | XML |
| 990 | August 2024 | $759 | $34,956 | $1,315,851 | XML |
| 990 | August 2023 | $100 | $70,786 | $1,146,835 | XML |
| 990 | August 2022 | $100 | $72,892 | $1,132,164 | IRS |
| 990 | August 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-2500863).
Questions about PAOLI 1 INC
- What is the EIN of PAOLI 1 INC?
- The employer identification number (EIN) of PAOLI 1 INC is 23-2500863.
- Is PAOLI 1 INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to PAOLI 1 INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does PAOLI 1 INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PAOLI 1 INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PAOLI 1 INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of PAOLI 1 INC?
- The 990 for the year ended August 31, 2025 names MICHAEL MAGNOTTA.
- Who are the officers and directors of PAOLI 1 INC?
- The 990 for the year ended August 31, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does PAOLI 1 INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $114,401, expenses of $37,611 and total assets of $1,437,850 at year end.
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