Horace C Hunt Memorial Foundation
- Assets
- $3.7m
- Revenue
- $31.1k
- Investments
- $3.6m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 10/2001
- Data as of
- 10/2023
- EIN
- 04-6171963
Organization Overview
Horace C Hunt Memorial Foundation is located in Pittsburgh, PA. The organization was established in 2001. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horace C Hunt Memorial Foundation 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 10/2023, Horace C Hunt Memorial Foundation generated $31.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (40.9%) each year. All expenses for the organization totaled $286.6k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Horace C Hunt Memorial Foundation has awarded 24 individual grants totaling $860,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert G Bannish Co-Trustee | 5 | $5,847 | |
Ronald Garmey ESQ Co-Trsutee | 5 | $5,847 | |
Bny Mellon N A Trustee | 1 | $44,943 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $136,573 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$105,507 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,066 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $56,637 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,043 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,938 |
| Total operating and administrative expenses | $66,618 |
| Contributions, gifts, grants paid | $220,000 |
| Total expenses and disbursements | $286,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $73,106 |
| 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 | $3,612,483 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,685,589 |
| 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, Horace C Hunt Memorial Foundation has awarded $220,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: GENERAL OPERATING | $10,000 |
AMERICAN RED CROSS PURPOSE: GENERAL OPERATING | $20,000 |
THE HOME FOR LITTLE WANDERERS PURPOSE: GENERAL OPERATING | $25,000 |
DANA FARBER CANCER INSTITUTE PURPOSE: GENERAL OPERATING | $15,000 |
ARCHDIOCESE OF BOSTON INC PURPOSE: GENERAL OPERATING | $30,000 |
SOCIETY OF ST VINCENT DE PAUL PURPOSE: GENERAL OPERATING | $80,000 |