Rider-Pool Foundation 43501
- Assets
- $10.5m
- Revenue
- $302.7k
- Investments
- $7.1m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 02/1959
- Data as of
- 12/2023
- EIN
- 23-6207356
Organization Overview
Rider-Pool Foundation 43501 is located in Pittsburgh, PA. The organization was established in 1959. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rider-Pool Foundation 43501 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, Rider-Pool Foundation 43501 generated $302.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $730.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Rider-Pool Foundation 43501 has awarded 110 individual grants totaling $4,105,289. 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 N A Trustee | 6 | $26,418 | |
John P Jones III Co-Trustee | 1 | $0 | |
John E Mcglade Co-Trustee | 1 | $0 | |
Wayne Hinman Co-Trustee | 1 | $0 | |
Steve Jones Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $226,469 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $73,496 |
| Capital Gain Net Income | $73,496 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,751 |
| Total Revenue | $302,716 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,418 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,364 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,504 |
| Total operating and administrative expenses | $108,380 |
| Contributions, gifts, grants paid | $621,901 |
| Total expenses and disbursements | $730,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $617,005 |
| 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 | $7,121,855 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,728,618 |
| Total assets | $10,467,478 |
| 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, Rider-Pool Foundation 43501 has awarded $621,901 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
LEONARD PARKER POOL INSTITUTE FOR HEALTH PURPOSE: GENERAL USE OF THE | $126,901 |
ALLENTOWN ART MUSEUM PURPOSE: GENERAL USE OF THE | $40,000 |
LEHIGH VALLEY HEALTH NETWORK PURPOSE: GENERAL SUPPORT | $50,000 |
ALLENTOWN PARKS PURPOSE: GENERAL SUPPORT | $75,000 |
POOL FELLOWSHIP PURPOSE: FELLOWSHIPS | $200,000 |
THE BAUM SCHOOL OF ART PURPOSE: GENERAL SUPPORT | $40,000 |