Matthew B Ridgway Mary A Ridgway And Matthew B Ridgway Jr Endowment
- Assets
- $3.2m
- Revenue
- $257.5k
- Investments
- $2.9m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 04/1998
- Data as of
- 12/2023
- EIN
- 23-7902844
Organization Overview
Matthew B Ridgway Mary A Ridgway And Matthew B Ridgway Jr Endowment is located in Pittsburgh, PA. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public 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. Matthew B Ridgway Mary A Ridgway And Matthew B Ridgway Jr Endowment 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, Matthew B Ridgway Mary A Ridgway And Matthew B Ridgway Jr Endowment generated $257.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $197.6k during the year ending 12/2023. While expenses have increased by 0.1% 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.
Since 2015, Matthew B Ridgway Mary A Ridgway And Matthew B Ridgway Jr Endowment has awarded 40 individual grants totaling $1,196,430. 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 |
|---|---|---|---|
Mary E Mcfadden Director/vice-President | 2 | $3,646 | |
Robert G Lovett ESQ Director/president | 1 | $3,647 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $90,299 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $160,079 |
| Capital Gain Net Income | $160,079 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,101 |
| Total Revenue | $257,479 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,293 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,395 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,637 |
| Total operating and administrative expenses | $39,103 |
| Contributions, gifts, grants paid | $158,528 |
| Total expenses and disbursements | $197,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $271,574 |
| 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 | $2,789,783 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,217,152 |
| 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, Matthew B Ridgway Mary A Ridgway And Matthew B Ridgway Jr Endowment has awarded $158,528 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BUCKNELL UNIVERSITY PURPOSE: GENERAL SUPPORT | $39,632 |
PITT-MATTHEW B RIDGEWAY CTR PURPOSE: GENERAL SUPPORT | $39,632 |
RIDGWAY ENDOWMENT FUND PURPOSE: GENERAL SUPPORT | $19,816 |
82ND AIRBORNE DIV HIST SOC PURPOSE: GENERAL SUPPORT | $19,816 |
GEORGE C MARSHALL FOUNDATION PURPOSE: GENERAL SUPPORT | $39,632 |