Grable Foundation
- Assets
- $328.0m
- Revenue
- $9.5m
- Investments
- $319.9m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 01/1977
- Data as of
- 12/2022
- EIN
- 25-1309888
Organization Overview
Grable Foundation is located in Pittsburgh, PA. The organization was established in 1977. 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. Grable 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, Grable Foundation generated $9.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $18.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Grable Foundation has awarded 1,169 individual grants totaling $60,933,025. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles R Burke Jr Chairman & Trustee | 4 | $0 | |
Jan Nicholson President, Treasurer, & Trustee | 4 | $0 | |
Barbara Mcfadyen Trustee | 4 | $0 | |
Gregg Behr Executive Director | 40 | $506,600 | |
Susan Brownlee Trustee | 4 | $0 | |
William H Isler Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mercer | 12/30/22 | $377,665 |
The Motherhood | 12/30/22 | $103,000 |
Ryan Rydzewski | 12/30/22 | $84,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,990,594 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,332,395 |
| Capital Gain Net Income | $6,277,014 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,208,892 |
| Total Revenue | $9,531,881 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $506,600 |
| Other employee salaries and wages | $899,819 |
| Pension plans, employee benefits | $439,524 |
| Interest | $0 |
| Taxes | $351,784 |
| Depreciation | $0 |
| Occupancy | $145,384 |
| Travel, conferences, and meetings | $216,230 |
| Printing and publications | $0 |
| Other expenses | $685,540 |
| Total operating and administrative expenses | $3,852,558 |
| Contributions, gifts, grants paid | $14,824,437 |
| Total expenses and disbursements | $18,676,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $4,336,679 |
| Net Accounts receivable | $16,581 |
| 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 | $20,620 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $231,876,658 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,752,178 |
| Total assets | $328,042,437 |
| Accounts payable and accrued expenses | $346,435 |
| Grants payable | $6,654,783 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,136,970 |
| Total liabilities | $9,138,188 |
Grants Awarded
Over the last fiscal year, Grable Foundation has awarded $21,465,186 in support to 422 organizations.
| Grant Recipient | Amount |
|---|---|
MT ARARAT COMMUNITY ACTIVITY CENTER PURPOSE: TO SUPPORT AN EARLY CHILDHOOD PROGRAM'S PLAYGROUND IMPROVEMENTS | $5,000 |
GLADE RUN LUTHERAN SERVICES PURPOSE: TO SUPPORT THE IMPLEMENTATION OF EVIDENCE-BASED PROGRAMMING TO HELP PARENTS AND EARLY EDUCATORS ADDRESS DISRUPTIVE BEHAVIORS IN YOUNG CHILDREN | $10,000 |
NEW SUN RISING PURPOSE: TO SUPPORT A DAY LONG BOOK FESTIVAL FEATURING MORE THAN 30 AUTHORS AND A DESIGNATED CHILDREN'S AREA | $10,000 |
SOJOURNER HOUSE PURPOSE: TO SUPPORT IMPROVEMENTS TO THE MOMS GREEN PLAY YARD | $10,000 |
ANGELS' PLACE INC PURPOSE: TO SUPPORT IMPROVEMENTS NEEDED TO ENSURE THE SAFETY OF STUDENTS AND STAFF | $25,000 |
OPEN FIELD PURPOSE: TO SUPPORT A SOCCER-FOCUSED YOUTH DEVELOPMENT PROGRAM SERVING IMMIGRANT AND REFUGEE COMMUNITIES IN THE PITTSBURGH REGION | $15,000 |