Philip Chosky Charitable & Educational Foundation
- Assets
- $10.7m
- Revenue
- $1.1m
- Investments
- $9.1m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 05/1999
- Data as of
- 12/2022
- EIN
- 23-2932969
Organization Overview
Philip Chosky Charitable & Educational Foundation is located in Pittsburgh, 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. Philip Chosky Charitable & Educational 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 12/2022, Philip Chosky Charitable & Educational Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 2.8% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Philip Chosky Charitable & Educational Foundation has awarded 61 individual grants totaling $2,718,000. 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 |
|---|---|---|---|
Stanley Barg Director | 1 | $15,000 | |
Meryl Ainsman Executive Director | 2 | $85,833 | |
Susan O'malley Director | 1 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $452,979 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $673,966 |
| Capital Gain Net Income | $673,966 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,126,945 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $115,833 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $80 |
| Taxes | $39,014 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $93,845 |
| Total operating and administrative expenses | $265,828 |
| Contributions, gifts, grants paid | $1,350,000 |
| Total expenses and disbursements | $1,615,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,738 |
| Savings and temporary cash investments | $1,610,578 |
| 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 | $3,993,794 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $15,112 |
| Total assets | $10,738,247 |
| 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, Philip Chosky Charitable & Educational Foundation has awarded $1,350,000 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
CITY THEATRE PURPOSE: DISCRETIONARY FUND | $85,000 |
HILLEL JEWISH UNIVERSITY PURPOSE: DISCRETIONARY FUND | $25,000 |
ALUMNI THEATER COMPANY PURPOSE: DISCRETIONARY FUND | $25,000 |
AMERICAN COMMITTEE FOR THE WEIZMANN INSTITUTE OF SCIENCE PURPOSE: DISCRETIONARY FUND | $30,000 |
KINETIC THEATRE COMPANY PURPOSE: DISCRETIONARY FUND | $18,000 |
CARNEGIE MELLON UNIVERSITY PURPOSE: DISCRETIONARY FUND | $75,000 |