Jack Buncher Foundation
- Assets
- $184.8m
- Revenue
- $21.9m
- Investments
- $180.6m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 03/1974
- Data as of
- 11/2023
- EIN
- 23-7366998
Organization Overview
Jack Buncher Foundation is located in Pittsburgh, PA. The organization was established in 1974. 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. Jack Buncher 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 11/2023, Jack Buncher Foundation generated $21.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $22.1m during the year ending 11/2023. While expenses have increased by 6.1% per year over the past 8 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H Willam Doring Acting Pres. | 10 | $0 | |
Thomas J Balestrieri VP | 2 | $0 | |
Howard M Rieger VP | 4 | $0 | |
Joseph M Jakovic Secretary | 2 | $0 | |
Karen Emmerich Grant Mgr | 40 | $98,625 | |
Christina Schantz Grants Admin | 40 | $53,188 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $226,223 |
| Dividends & Interest | $19,811,467 |
| Net Rental Income | $1,185,514 |
| Net Gain on Sale of Assets | $722,138 |
| Capital Gain Net Income | $722,138 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,945,342 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $153,373 |
| Pension plans, employee benefits | $4,038 |
| Interest | $0 |
| Taxes | $338,510 |
| Depreciation | $0 |
| Occupancy | $4,933 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70,810 |
| Total operating and administrative expenses | $784,663 |
| Contributions, gifts, grants paid | $21,278,555 |
| Total expenses and disbursements | $22,063,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $401,862 |
| Savings and temporary cash investments | $2,556,120 |
| 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 | $1,110,026 |
| Investments—mortgage loans | $0 |
| Investments—other | $41,923,140 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $101,750 |
| Total assets | $184,753,236 |
| 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 |