Polly A Levee Charitable Trust - Trust A - Krancer Trust
- Assets
- $8.8m
- Revenue
- $548.5k
- Investments
- $7.7m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 10/1993
- Data as of
- 12/2023
- EIN
- 23-2735661
Organization Overview
Polly A Levee Charitable Trust - Trust A - Krancer Trust is located in Pittsburgh, PA. The organization was established in 1993. 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. Polly A Levee Charitable Trust - Trust A - Krancer 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, Polly A Levee Charitable Trust - Trust A - Krancer Trust generated $548.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $508.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Polly A Levee Charitable Trust - Trust A - Krancer Trust has awarded 211 individual grants totaling $2,772,485. 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 |
|---|---|---|---|
Pnc Bank Na Co-Trustee | 6 | $30,354 | |
John R Latourette Jr Esquire Co-Trustee | 1 | $4,553 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $387,945 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $160,375 |
| Capital Gain Net Income | $160,375 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $163 |
| Total Revenue | $548,483 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $34,907 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,659 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,968 |
| Total operating and administrative expenses | $51,061 |
| Contributions, gifts, grants paid | $457,498 |
| Total expenses and disbursements | $508,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,092,222 |
| 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 | $4,640,440 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,756,075 |
| 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, Polly A Levee Charitable Trust - Trust A - Krancer Trust has awarded $457,498 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF SKI MOUNTAIN MINING HISTORY PURPOSE: GENERAL SUPPORT | $5,000 |
PAWS & CLAWS ANIMAL ADOPTION & CARE PURPOSE: GENERAL SUPPORT | $5,000 |
PROJECT HOME PURPOSE: GENERAL SUPPORT | $15,000 |
WOMEN'S COMMUNITY REVITALIZATION PROJECT PURPOSE: GENERAL SUPPORT | $3,333 |
ENVIRONMENTAL DEFENSE FUND PURPOSE: GENERAL SUPPORT | $3,333 |
NAACP LEGAL DEFENSE & EDUC FUND INC PURPOSE: GENERAL SUPPORT | $3,333 |