Nonprofit · EIN 25-1782197
CENTRE COUNTY COMMUNITY FOUNDATION INC
Tax-exempt · STATE COLLEGE, PA 16803
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $8,389,686 | $7,253,338 | $1,136,348 | $83,384,700 | $4,373 | $83,380,327 |
| December 31, 2023 | 990 | $6,043,071 | $5,804,494 | $238,577 | $78,171,662 | $15,695 | $78,155,967 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,343,092
- Program service revenue
- $11,890
- Investment income
- $2,991,577
- Net gain from sales of assets
- $1,294,353
- Other revenue
- $43,127
Expenses
- Grants and similar amounts paid
- $5,559,327
- Compensation of officers, directors and key employees
- $179,293
- Other salaries and wages
- $579,764
- Salaries, compensation and benefits (total)
- $911,345
- Professional fundraising fees
- $0
- Legal fees
- $800
- Accounting fees
- $30,640
- Occupancy
- $31,660
- Travel
- $6,262
- Depreciation
- $25,923
- Program services (functional)
- $6,357,305
- Management and general (functional)
- $480,496
- Fundraising (functional)
- $415,537
Balance sheet and other
- Total assets, start of year
- $78,171,662
- Total assets, end of year
- $83,384,700
- Total liabilities, end of year
- $4,373
- Net assets, end of year
- $83,380,327
- Land, buildings and equipment
- $94,656
- Publicly traded securities
- $40,351,527
- Net assets without donor restrictions
- $83,380,327
- Gross unrelated business income
- $60,166
- Gross receipts
- $13,768,584
- Employees
- 10
- Volunteers
- 30
- Year formed
- 1995
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MOLLY KUNKEL | PRESIDENT/CEO Officer | 50 | $170,111 | $9,182 |
| CARRIE RYAN | CFO/COO Highest-paid employee | 50 | $144,142 | $15,558 |
| DEREK VARNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LYDIA ABDULLAH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARI GUSTAFSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICH BUNDY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUE MASON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIN MEITZLER | VICE CHAIR/SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| RANDY WOOLRIDGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BOB HICKS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BLAKE GALL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RICH KALIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KATE BENNETT TRUITT | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| RICH WISNIEWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SERIA CHATTERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOE DIONISIO | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MOLLY KUNKEL | PRESIDENT/CEO Officer | 50 | $149,329 | $23,750 |
| CARRIE RYAN | CFO/COO Highest-paid employee | 50 | $124,009 | $28,257 |
| KEN HALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LYDIA ABDULLAH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARI GUSTAFSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAULA WILLIAMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MADHURI SHRIKANT DESAI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIN MEITZLER | VICE CHAIR/SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| RANDY WOOLRIDGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BOB HICKS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BLAKE GALL | DIRECTOR Trustee or director | 4 | $0 | $0 |
| RICH KALIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATE BENNETT TRUITT | CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| ELLEN MATIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SERIA CHATTERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOE DIONISIO | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| VENKAT BENDAPUDI | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1377 RIDGE MASTER DR, STATE COLLEGE, PA 16803-3157
- Principal officer (990 for 2024)
- MOLLY KUNKEL, 1377 RIDGE MASTER DRIVE, STATE COLLEGE, PA 16803
- Signed the 990
- MOLLY KUNKEL, PRESIDENT/CEO
- Phone
- (814) 237-6229
- Website
- www.centrefoundation.org
- Return prepared by
- Fiore Fedeli Snyder Carothers LLP
Mission
CENTRE FOUNDATION FORMED TO RECEIVE, HOLD AND ADMINISTER FUNDS FOR THE BENEFIT OF THE COMMUNITY. ENDOWMENT FUNDS GENERATE EARNINGS FOR GRANTS TO LOCAL 501(C)(3) ORGANIZATIONS FOR THE BENEFIT OF ARTS, HUMANITIES, CULTURE, EDUCATION, RECREATION AND SOCIAL SERVICE AGENCIES IN CENTRE COUNTY PENNSYLVANIA AND SURROUNDING REGIONS.
Program accomplishments
- CENTRE FOUNDATION BELIEVES IN THE ORGANIZATIONS THAT ARE CREATING A BETTER FUTURE FOR CENTRE COUNTY AND THE DONORS WHO SUPPORT THEM. WE WORK TO INSPIRE PHILANTHROPY, BUILD ENDOWMENTS, CREATE COMMUNITY ENGAGEMENT, STRENGTHEN ORGANIZATIONS THROUGH TRAINING AND RESEARCH, FUND TRANSFORMATIVE PROJECTS, AND CONVENE EFFECTIVE PARTNERSHIPS AROUND COMMUNITY ISSUES. EACH YEAR, CENTRE FOUNDATION DISTRIBUTES GRANTS TO OVER 200 ORGANIZATIONS. PROGRAMS SUPPORT ALL KINDS OF WORK, ACROSS ALL NONPROFIT SECTORS AND FOCUSES INCLUDING: ARTS, HUMANITIES, CULTURE, EDUCATION, SOCIAL SERVICES AND CONSERVATION. WE PROVIDE ANNUAL COMMUNITY SUPPORT THROUGH OUR INNOVATIVE GIVING AND GRANTING PROGRAMS INCLUDING: CENTRE GIVES, CENTRE INSPIRES, CENTRE PACT, GIVING CIRCLE, FIELD OF INTEREST GRANTS, AND SCHOLARSHIPS TO UNIVERSITIES AND TRADE SCHOOLS. CENTRE FOUNDATION IS ACCREDITED THROUGH THE NATIONAL STANDARDS FOR U.S. COMMUNITY FOUNDATIONS.Expenses $6,357,305 · grants $5,559,327 · revenue $11,890
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 25-1782197
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $83,384,700
- Income (IRS master file)
- $13,768,584
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,389,686 | $7,253,338 | $83,384,700 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $6,043,071 | $5,804,494 | $78,171,662 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $5,437,523 | $5,946,892 | $70,860,925 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 25-1782197).
Questions about CENTRE COUNTY COMMUNITY FOUNDATION INC
- What is the EIN of CENTRE COUNTY COMMUNITY FOUNDATION INC?
- The employer identification number (EIN) of CENTRE COUNTY COMMUNITY FOUNDATION INC is 25-1782197.
- Is CENTRE COUNTY COMMUNITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to CENTRE COUNTY COMMUNITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CENTRE COUNTY COMMUNITY FOUNDATION 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 CENTRE COUNTY COMMUNITY FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CENTRE COUNTY COMMUNITY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CENTRE COUNTY COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names MOLLY KUNKEL.
- Who are the officers and directors of CENTRE COUNTY COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 2 received compensation from the organization, the highest $170,111 (MOLLY KUNKEL, PRESIDENT/CEO).
- How much revenue does CENTRE COUNTY COMMUNITY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $8,389,686, expenses of $7,253,338 and total assets of $83,384,700 at year end.
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All nonprofits in STATE COLLEGE · Pennsylvania · Philanthropy, voluntarism and grantmaking foundations