Poise Foundation
- Assets
- $17.2m
- Revenue
- $10.7m
- Investments
- $0.0
- Employees
- 16
- Location
- Pittsburgh, PA
- Founding
- 07/1981
- Data as of
- 12/2021
- EIN
- 25-1393426
Organization Overview
Poise Foundation is located in Pittsburgh, PA. The organization was established in 1981. 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. As of 12/2021, Poise Foundation employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Poise 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 12/2021, Poise Foundation generated $10.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.2% each year . All expenses for the organization totaled $5.6m during the year ending 12/2021. While expenses have increased by 11.0% per year over the past 7 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, Poise Foundation has awarded 223 individual grants totaling $5,342,885. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST THE PITTSBURGH REGION'S BLACK COMMUNITY IN ACHIEVING SELF-SUSTAINING PRACTICES, THROUGH STRATEGIC LEADERSHIP, COLLECTIVE GIVING, GRANTMAKING AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GRANTS AND PROGRAM SUPPORT TO ORGANIZATIONS THAT ARE DESIGNED TO STRENGTHEN EDUCATIONAL, ECONOMIC OR CULTURAL OPPORTUNITIES FOR THE BLACK COMMUNITY. THE FOUNDATION PROVIDES GRANTS TO NONPROFIT CHARITABLE ORGANIZATIONS THAT EXECUTE PROGRAMS AND SERVICES IN LINE WITH THE FOUNDATION'S MISSION. THIS ALSO INCLUDES PROVIDING GRANTS AND ADMINISTRATION SERVICES FOR THIRD PARTY ORGANIZATIONS DUE TO FOUNDATION'S GRANTS ADMINISTRATION EXPERTISE AND KNOWLEDGE AND RELATIONSHIP TO THE COMMUNITY SERVED.
POISE ACTS AS A FISCAL SPONSOR FOR VARIOUS PROGRAMS, PROJECTS AND ORGANIZATIONS THAT ARE NOT DEFINED AS CHARITABLE ORGANIZATIONS BASED ON THE INTERNAL REVENUE CODE OR QUALIFIED ORGANIZATIONS SEEKING TO INCREASE THEIR CAPICITY THROUGH FISCAL SPONSORSHIP.
EDUCATION IMPROVEMENT TAX CREDIT. PROVIDED SCHOLARSHIPS TO FAMILIES ATTENDING PRIVATE SCHOOLS FOR PRE KINDERGARTEN THROUGH TWELFTH GRADE. THIS PROGRAM IS FUNDED BY CORPORATE AND OTHER QUALIFYING DONATIONS WHICH PROVIDE THE DONORS A TAX CREDIT TOWARDS THEIR PENNSYLVANIA TAX LIABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Lewis President | OfficerTrustee | 50 | $123,000 |
Karris Jackson Chief Operating Officer | Officer | 45 | $115,500 |
Darrell E Smalley Treasurer | OfficerTrustee | 2 | $0 |
Gregory R Spencer Chair | OfficerTrustee | 2 | $0 |
Edward E Guy Vice Chair | OfficerTrustee | 2 | $0 |
Dale C Perdue Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,070,289 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,075,289 |
| Total Program Service Revenue | $101,153 |
| Investment income | $379,802 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $118,650 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,674,894 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,031,118 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $263,437 |
| Compensation of current officers, directors, key employees. | $128,090 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,048 |
| Pension plan accruals and contributions | $18,492 |
| Other employee benefits | $58,341 |
| Payroll taxes | $163,394 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,818 |
| Fees for services: Accounting | $10,169 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,119 |
| Fees for services: Other | $52,971 |
| Advertising and promotion | $52,610 |
| Office expenses | $14,638 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,684 |
| Travel | $10,838 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,168 |
| Insurance | $10,919 |
| All other expenses | $0 |
| Total functional expenses | $5,615,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,525,032 |
| Savings and temporary cash investments | $3,436,759 |
| Pledges and grants receivable | $3,770,000 |
| Accounts receivable, net | $53,732 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,619 |
| Net Land, buildings, and equipment | $5,945 |
| Investments—publicly traded securities | $8,303,995 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $136,416 |
| Total assets | $17,239,498 |
| Accounts payable and accrued expenses | $41,250 |
| Grants payable | $6,837 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,689,852 |
| Total liabilities | $1,737,939 |
| Net assets without donor restrictions | $1,540,695 |
| Net assets with donor restrictions | $13,960,864 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,239,498 |
Grants Awarded
Over the last fiscal year, Poise Foundation has awarded $2,811,982 in support to 89 organizations.
| Grant Recipient | Amount |
|---|---|
Pittsburgh, PA PURPOSE: PROGRAM SUPPORT | $1,152,136 |
ALLIANCE FOR POLICE ACCOUNTABILITY PURPOSE: PROGRAM SUPPORT | $550,000 |
Wilkinsburg, PA PURPOSE: SCHOLARSHIPS | $61,141 |
Pittsburgh, PA PURPOSE: PROGRAM SUPPORT | $45,992 |
Pittsburgh, PA PURPOSE: PROGRAM SUPPORT | $32,500 |
Pittsburgh, PA PURPOSE: PROGRAM SUPPORT | $26,500 |
Grants Recieved
Over the last fiscal year, we have identified 47 grants that Poise Foundation has recieved totaling $10,248,291.
| Awarding Organization | Amount |
|---|---|
The Heinz Endowments Pittsburgh, PA PURPOSE: TO SUPPORT THE PITTSBURGH CULTURAL TREASURES INITIATIVE, IN PARTNERSHIP WITH THE FORD FOUNDATION AND THE POISE FOUNDATION | $4,000,000 |
Ford Foundation New York, NY PURPOSE: CORE SUPPORT FOR SEED FUNDING FOR PITTSBURGH'S CULTURAL TREASURES INITIATIVE TO SUPPORT LOCAL ARTS AND CULTURAL ACTIVITIES | $1,250,000 |
The Heinz Endowments Pittsburgh, PA PURPOSE: TO SUPPORT THE PITTSBURGH CULTURAL TREASURES INITIATIVE, IN PARTNERSHIP WITH THE FORD FOUNDATION AND THE POISE FOUNDATION | $875,000 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA PURPOSE: TO PROVIDE NONPROFIT EXECUTIVES WITH ACCESS TO A SABBATICAL PROGRAM | $340,000 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA PURPOSE: TO PROVIDE NONPROFIT EXECUTIVES WITH ACCESS TO A SABBATICAL PROGRAM | $340,000 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA PURPOSE: TOWARD SUPPORT OF THE COMMUNITY WEALTH IMPACT NOTES PROGRAM TO HELP COMMUNITY RESIDENTS IN CHANGING NEIGHBORHOODS, AND OTHERS, GROW INCOME, INCREASE INVESTMENT ACUMEN, AND DIRECTLY BENEFIT FROM INCREASES IN PROPERTY VALUE | $316,000 |
Endowment Analysis
| Beg. Balance | $6,519,919 |
| Earnings | $989,961 |
| Net Contributions | $427,694 |
| Other Expense | $304,646 |
| Grants | $209,401 |
| Ending Balance | $7,423,527 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Freedom Fund Brooklyn, NY | $51,719,352 | $51,201,158 |
American Friends Of Leket Israel Inc Teaneck, NJ | $3,165,709 | $12,922,662 |
Pittsburgh Promise Foundation Pittsburgh, PA | $59,585,111 | $15,082,951 |
Pennsylvania Ems Provider Foundation Harrisburg, PA | $55,116 | $0 |
Student Leadership Network Inc New York, NY | $11,626,545 | $12,224,104 |