The Cottage Bridge Foundation
- Assets
- $10.6m
- Revenue
- $482.6k
- Investments
- $10.4m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 03/2008
- Data as of
- 12/2023
- EIN
- 20-8724288
Organization Overview
The Cottage Bridge Foundation is located in Pittsburgh, PA. The organization was established in 2008. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Cottage Bridge 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 12/2023, Cottage Bridge Foundation generated $482.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $709.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Cottage Bridge Foundation has awarded 355 individual grants totaling $3,572,302. 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 |
|---|---|---|---|
David J Blair Director, Chair, Vp, Treas | 1 | $0 | |
Marianne Bokan-Blair Director, Vice Chair, Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $102,787 |
| Interest on Savings | $6 |
| Dividends & Interest | $166,763 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $213,069 |
| Capital Gain Net Income | $279,813 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $482,625 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,404 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $74,454 |
| Total operating and administrative expenses | $98,358 |
| Contributions, gifts, grants paid | $611,000 |
| Total expenses and disbursements | $709,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $246,415 |
| 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 | $5,513,828 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $15,000 |
| Total assets | $10,642,639 |
| 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, The Cottage Bridge Foundation has awarded $611,000 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
412 FOOD RESCUE INC PURPOSE: TO END FOOD WASTE AND HUNGER IN SOUTHWESTERN PENNSYLVANIA | $5,000 |
AMERICAN CIVIL LIBERTIES UNION FOUNDATION PURPOSE: GENERAL PURPOSES OF DONEE | $10,000 |
ADIRONDACK TRUST CO FOUNDATION PURPOSE: SUPPORT FOR COMMUNITY NEEDS | $1,000 |
AMERICAN PROMISE INC PURPOSE: AMERICAN PROMISE EDUCATION FUND | $5,000 |
BLESSINGS IN A BACKPACK PURPOSE: TO FEED LOW-INCOME ELEMENTARY SCHOOL CHILDREN | $15,000 |
ANCHORPOINT COUNSELING MINISTRY PURPOSE: GENERAL PURPOSE OF DONEE | $2,000 |