Ren D Latchaw And Dorothy Mary Latchaw Charitable Trust
- Assets
- $4.6m
- Revenue
- $94.9k
- Investments
- $4.5m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 01/1998
- Data as of
- 12/2023
- EIN
- 23-7895230
Organization Overview
Ren D Latchaw And Dorothy Mary Latchaw Charitable Trust is located in Pittsburgh, PA. The organization was established in 1998. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Ren D Latchaw And Dorothy Mary Latchaw Charitable 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, Ren D Latchaw And Dorothy Mary Latchaw Charitable Trust generated $94.9k 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 (13.8%) each year. All expenses for the organization totaled $231.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ren D Latchaw And Dorothy Mary Latchaw Charitable Trust has awarded 24 individual grants totaling $1,135,238. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $111,780 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$25,665 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,768 |
| Total Revenue | $94,883 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,574 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $685 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3 |
| Total operating and administrative expenses | $36,262 |
| Contributions, gifts, grants paid | $194,824 |
| Total expenses and disbursements | $231,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $109,498 |
| 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 | $4,532,714 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,751 |
| Total assets | $4,643,963 |
| 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, Ren D Latchaw And Dorothy Mary Latchaw Charitable Trust has awarded $194,824 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
YOUNG MENS CHRISTIAN ASSN PURPOSE: GENERAL SUPPORT | $16,235 |
BPOE ELKS 110 CHARITY COMMITTEE PURPOSE: GENERAL SUPPORT AND | $81,177 |
1ST BAPTIST CHURCH OF FRANKLIN PURPOSE: GENERAL SUPPORT | $64,941 |
SHRINERS HOSPITALS FOR CHILDR PURPOSE: GENERAL SUPPORT | $32,471 |