Emilie J Klahr No 2 Testamentary Trust
- Assets
- $7.1m
- Revenue
- $448.0k
- Investments
- $6.9m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 07/1944
- Data as of
- 12/2023
- EIN
- 23-6205830
Organization Overview
Emilie J Klahr No 2 Testamentary Trust is located in Pittsburgh, PA. The organization was established in 1944. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Emilie J Klahr No 2 Testamentary 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, Emilie J Klahr No 2 Testamentary Trust generated $448.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $441.6k during the year ending 12/2023. While expenses have increased by 2.0% per year over the past 9 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 2015, Emilie J Klahr No 2 Testamentary Trust has awarded 16 individual grants totaling $2,742,010. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $192,652 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $250,622 |
| Capital Gain Net Income | $250,622 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,698 |
| Total Revenue | $447,972 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $66,765 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,362 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,112 |
| Total operating and administrative expenses | $75,239 |
| Contributions, gifts, grants paid | $366,358 |
| Total expenses and disbursements | $441,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $204,811 |
| 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 | $6,079,753 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,075,349 |
| 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, Emilie J Klahr No 2 Testamentary Trust has awarded $366,358 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
INGLIS HOUSE PURPOSE: GENERAL SUPPORT | $183,179 |
DREXEL UNIVERSITY PURPOSE: GENERAL SUPPORT | $183,179 |