Grace F Lamb Trust B
- Assets
- $8.3m
- Revenue
- $306.1k
- Investments
- $8.1m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 12/1970
- Data as of
- 12/2022
- EIN
- 13-6210810
Organization Overview
Grace F Lamb Trust B is located in Pittsburgh, PA. The organization was established in 1970. 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.
For the year ending 12/2022, Grace F Lamb Trust B generated $306.1k 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 (4.4%) each year. All expenses for the organization totaled $660.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $204,535 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $101,596 |
| Capital Gain Net Income | $101,596 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $306,131 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $68,480 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,168 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $750 |
| Total operating and administrative expenses | $97,398 |
| Contributions, gifts, grants paid | $563,042 |
| Total expenses and disbursements | $660,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $170,149 |
| 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 | $8,137,963 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,308,112 |
| 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, Grace F Lamb Trust B has awarded $563,042 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MEMORIAL SLOAN-KETTERING CANCER CTR PURPOSE: GENERAL OPERATING | $281,521 |
NEW YORK PRESBYTERIAN HOSPITAL PURPOSE: GENERAL OPERATING | $281,521 |