First Federal Charitable Foundation
- Assets
- $7.9m
- Revenue
- $98.9k
- Investments
- $7.6m
- Employees
- 0
- Location
- Hazleton, PA
- Founding
- 01/1999
- Data as of
- 09/2023
- EIN
- 06-1512796
Organization Overview
First Federal Charitable Foundation is located in Hazleton, PA. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. First Federal Charitable 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 09/2023, First Federal Charitable Foundation generated $98.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $486.4k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, First Federal Charitable Foundation has awarded 165 individual grants totaling $1,964,200. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAKE GRANTS TO CHARITIES ORGANIZED TO BENEFIT THE COMMUNITIES LOCATED IN NORTHEASTERN AND CENTRAL PENNSYLVAN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Kennedy Chairman | 0 | $0 | |
Anthony Cusatis President | 1 | $0 | |
Megan Kennedy Exec Dir | 40 | $84,453 | |
Peter Haentjens Director | 0 | $0 | |
Joan Goodman Director | 0 | $0 | |
Joseph Ustynoski Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Branch Banking And Trust Co | 9/29/16 | $10,436 |
National Penn Investors Trust Co | 9/29/16 | $49,345 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $193,532 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$94,706 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $83 |
| Total Revenue | $98,909 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $84,453 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $6,346 |
| Interest | $0 |
| Taxes | $1,826 |
| Depreciation | $0 |
| Occupancy | $5,700 |
| Travel, conferences, and meetings | $9,466 |
| Printing and publications | $0 |
| Other expenses | $16,439 |
| Total operating and administrative expenses | $189,787 |
| Contributions, gifts, grants paid | $296,650 |
| Total expenses and disbursements | $486,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,574 |
| Savings and temporary cash investments | $272,458 |
| 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 | $19,771 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,927,269 |
| Accounts payable and accrued expenses | $11,626 |
| 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 | $11,626 |
Grants Awarded
Over the last fiscal year, First Federal Charitable Foundation has awarded $296,650 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
YUDICHAK FAMILY LIGHTHOUSE PURPOSE: DONATION TO FUND | $250 |
UNITED CHARITIES PURPOSE: EMERGENCY FIRE RESCUE ASSISTANCE | $5,000 |
UNITED WAY OF GREATER HAZLETON PURPOSE: EVENT SPONSOR | $200 |
HEIGHTS-TERRACE ELEMENTARY PTA PURPOSE: DONATION TO PLAYGROUND FUND | $10,000 |
CITIZENS FIRE CO 1 GORDON PURPOSE: PURCHASE FIRE EQUIPMENT | $700 |
AMERICAN RED CROSS PURPOSE: DISASTER RELIEF FUND DONATION | $10,000 |