R K Mellon Family Foundation
- Assets
- $35.7m
- Revenue
- $3.4m
- Investments
- $34.7m
- Employees
- 0
- Location
- Ligonier, PA
- Founding
- 01/1979
- Data as of
- 12/2023
- EIN
- 25-1356145
Organization Overview
R K Mellon Family Foundation is located in Ligonier, PA. The organization was established in 1979. 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. R K Mellon Family 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 12/2023, R K Mellon Family Foundation generated $3.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. While expenses have increased by 4.8% per year over the past 5 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 2019, R K Mellon Family Foundation has awarded 1,127 individual grants totaling $16,710,803. 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
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Russell G Byers Jr Trustee | 1 | $0 | |
Catharine Mellon Cathey Trustee/president | 1 | $0 | |
Richard A Mellon Trustee / Chairman / CEO | 1 | $0 | |
Bruce King Mellon Henderson Trustee | 1 | $0 | |
Constance Elizabeth Mellon Kapp Trustee | 1 | $0 | |
Alison M Byers Psyd Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Deloitte Tax Llp | 12/30/22 | $81,911 |
Russell Investments Trust Company | 12/30/22 | $51,534 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $184,325 |
| Dividends & Interest | $909,536 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,796,855 |
| Capital Gain Net Income | $1,977,190 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $548,253 |
| Total Revenue | $3,438,969 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $196,536 |
| Other employee salaries and wages | $112,152 |
| Pension plans, employee benefits | $123,882 |
| Interest | $0 |
| Taxes | $106,827 |
| Depreciation | $0 |
| Occupancy | $18,239 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $555 |
| Other expenses | $55,008 |
| Total operating and administrative expenses | $753,714 |
| Contributions, gifts, grants paid | $2,448,072 |
| Total expenses and disbursements | $3,201,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $990,563 |
| 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 | $34,715,951 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $35,706,514 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $371,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $358,691 |
| Total liabilities | $729,691 |
Grants Awarded
Over the last fiscal year, R K Mellon Family Foundation has awarded $3,133,072 in support to 232 organizations.
| Grant Recipient | Amount |
|---|---|
FALMOUTH ACADEMY INCORPORATED PURPOSE: OPERATIONS | $15,000 |
IRONDOG K9 INTERNATIONAL INC PURPOSE: OPERATIONS | $10,000 |
AMERICA'S VETDOGS THE VETERANS K-9 CORPS INC PURPOSE: OPERATIONS | $2,500 |
FALMOUTH ACADEMY INCORPORATED PURPOSE: DEVELOPMENT & OPERATIONS | $25,000 |
LIGONIER VALLEY FIRE COMPANIES PURPOSE: OPERATIONS | $5,000 |
THE FREDERICK GUNN SCHOOL INCORPORATED PURPOSE: OPERATIONS | $1,000 |