Wallace-Ferree Memorial Foundation
- Assets
- $72.0k
- Revenue
- $2.1k
- Investments
- $60.2k
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 12/1969
- Data as of
- 12/2022
- EIN
- 23-7046794
Organization Overview
Wallace-Ferree Memorial Foundation is located in Pittsburgh, PA. The organization was established in 1969. 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. Wallace-Ferree Memorial 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, Wallace-Ferree Memorial Foundation generated $2.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $5.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DISTRIBUTES FUNDS ONLY TO PRESELECTED CHARITIES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beverly W Willner Director | 1 | $0 | |
Elizabeth W Schofield Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,712 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$563 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,149 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23 |
| Total operating and administrative expenses | $1,083 |
| Contributions, gifts, grants paid | $4,000 |
| Total expenses and disbursements | $5,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,814 |
| Savings and temporary cash investments | $7,017 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $72,030 |
| 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, Wallace-Ferree Memorial Foundation has awarded $4,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
MT LEBANON POLICE ASSOCIATION PURPOSE: CHARITY | $500 |
THE CHILDRENS INSTITUTE OF PITTSBUR PURPOSE: CHARITY | $950 |
DISABLED AMERICAN VETERANS PURPOSE: CHARITY | $600 |
THE VOLUNTEER FIRE COMPANY OF MT LE PURPOSE: CHARITY | $600 |
THE SALVATION ARMY PURPOSE: CHARITY | $600 |
ST JUDES CHILDRENS RESEARCH HOSPITA PURPOSE: CHARITY | $150 |