First Federal Charitable Foundation
- Assets
- $8.6m
- Revenue
- $1.7m
- Investments
- $8.3m
- Employees
- 0
- Location
- Hazleton, PA
- Founding
- 01/1999
- Data as of
- 09/2021
- 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 09/2021, First Federal Charitable Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 35.0% each year . All expenses for the organization totaled $310.4k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, First Federal Charitable Foundation has awarded 142 individual grants totaling $1,630,200. 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
2021
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 |
|---|---|---|---|
Megan Kennedy Exec Dir | 40 | $78,620 | |
Thomas Kennedy Chairman | 0 | $0 | |
Peter Haentjens Director | 0 | $0 | |
Anthony Cusatis President | 1 | $0 | |
Joan Goodman Director | 0 | $0 | |
John Raynock Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Penn Investors Trust Co | 9/29/16 | $49,345 |
Branch Banking And Trust Co | 9/29/16 | $10,436 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $153,984 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,537,256 |
| Capital Gain Net Income | $1,537,256 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,691,240 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $78,620 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $6,143 |
| Interest | $0 |
| Taxes | $22,518 |
| Depreciation | $0 |
| Occupancy | $6,414 |
| Travel, conferences, and meetings | $2,729 |
| Printing and publications | $0 |
| Other expenses | $11,401 |
| Total operating and administrative expenses | $204,391 |
| Contributions, gifts, grants paid | $106,000 |
| Total expenses and disbursements | $310,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,865 |
| Savings and temporary cash investments | $200,212 |
| 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 | $2,213 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,553,993 |
| Accounts payable and accrued expenses | $18,636 |
| 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 | $18,636 |
Grants Awarded
Over the last fiscal year, First Federal Charitable Foundation has awarded $106,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Bloomsburg, PA PURPOSE: FINANCIAL ASSISTANCE FOR FAMILIES | $25,000 |
Shenandoah, PA PURPOSE: CONTRIBUTION TO INCUBATOR PROJECT | $25,000 |
SCHUYKILL HOPE CENTER PURPOSE: FINANCE BUDGET SHORTFALL | $20,000 |
AMERICAN RED CROSS PURPOSE: DISASTER RELIEF SCHUYKILL AND CARBON | $10,000 |
Pottsville, PA PURPOSE: GENERAL DONATION | $10,000 |
DRAMA IN MOTION PERFORMANCE WORKS PURPOSE: PURCHASE SHOW RIGHTS, SCHOLARSHIPS | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |