Frances Emily Hunt Trust 10-9571 00-0 Codicil Fund
- Assets
- $710.9k
- Revenue
- $90.3k
- Investments
- $703.1k
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 11/1985
- Data as of
- 08/2023
- EIN
- 04-2790229
Organization Overview
Frances Emily Hunt Trust 10-9571 00-0 Codicil Fund is located in Pittsburgh, PA. The organization was established in 1985. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frances Emily Hunt Trust 10-9571 00-0 Codicil Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Frances Emily Hunt Trust 10-9571 00-0 Codicil Fund generated $90.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $96.6k during the year ending 08/2023. While expenses have increased by 16.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Phillip Clay Co-Trustee | 1 | $1,544 | |
E Macey Russell Co-Trustee | 1 | $1,544 | |
Bny Mellon N A Co-Trustee | 1 | $14,107 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,357 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $63,917 |
| Capital Gain Net Income | $63,917 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $90,274 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,195 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,925 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $435 |
| Total operating and administrative expenses | $19,555 |
| Contributions, gifts, grants paid | $77,000 |
| Total expenses and disbursements | $96,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,757 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $703,126 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $710,883 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Frances Emily Hunt Trust 10-9571 00-0 Codicil Fund has awarded $77,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NORFOLK STATE UNIVERSITY PURPOSE: GENERAL OPERATING | $20,000 |
BENNETT COLLEGE PURPOSE: GENERAL OPERATING | $3,000 |
MOREHOUSE COLLEGE PURPOSE: GENERAL OPERATING | $10,000 |
SPELMAN COLLEGE PURPOSE: GENERAL OPERATING | $44,000 |