Albert M Parvin Trust
- Assets
- $1.8m
- Revenue
- $43.4k
- Investments
- $1.7m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 12/1997
- Data as of
- 12/2023
- EIN
- 22-6381123
Organization Overview
Albert M Parvin Trust is located in Pittsburgh, PA. The organization was established in 1997. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albert M Parvin Trust 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, Albert M Parvin Trust generated $43.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $111.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Albert M Parvin Trust has awarded 40 individual grants totaling $457,904. 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
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,736 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,859 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,498 |
| Total Revenue | $43,375 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,942 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $403 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,345 |
| Contributions, gifts, grants paid | $92,221 |
| Total expenses and disbursements | $111,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $51,190 |
| 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 | $1,723,470 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,774,660 |
| 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, Albert M Parvin Trust has awarded $92,221 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ENRICHMENT CENTER FOR BLIND & PURPOSE: GENERAL SUPPORT | $12,746 |
SALEM COUNTY OFFICE ON AGING PURPOSE: GENERAL SUPPORT | $12,745 |
SENIOR THRIFT & CRAFT CENTER PURPOSE: GENERAL SUPPORT | $12,746 |
CUMBERLAND COUNTY OFFICE ON AGING PURPOSE: GENERAL SUPPORT | $12,746 |
SALEM HEALTH AND WELLNESS FOUNDATION PURPOSE: GENERAL SUPPORT | $12,746 |
SENIOR FREE WILLS PROGRAM PURPOSE: GENERAL SUPPORT | $3,000 |