Pressley Ridge Foundation
- Assets
- $67.6m
- Revenue
- $13.7m
- Investments
- $38.7k
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 04/1991
- Data as of
- 06/2022
- EIN
- 25-1653944
Organization Overview
Pressley Ridge Foundation is located in Pittsburgh, PA. The organization was established in 1991. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pressley Ridge 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 06/2022, Pressley Ridge Foundation generated $13.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $2.3m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Pressley Ridge Foundation has awarded 18 individual grants totaling $22,879,126. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT TO PRESSLEY RIDGE, A RELATED NON-PROFIT ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESSLEY RIDGE RESEARCH SUPPORT.
PRESSLEY RIDGE AND PRESSLEY RIDGE - MARYLAND OPERATION SUPPORT.
CASH ASSISTANCE TO CHILDREN AND FAMILIES SERVED BY PRESSLEY RIDGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas A Mullins CPA Cfo/treasurer | OfficerTrustee | 2 | $0 |
Susanne Cole President/ceo/secretary | OfficerTrustee | 2 | $0 |
John D Culbertson Chairperson | OfficerTrustee | 2 | $0 |
Robert Butter Director | Trustee | 1 | $0 |
Sherin H Knowles Director | Trustee | 1 | $0 |
Sandra Tomlinson Vice Chairperson | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,122,488 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,122,488 |
| Total Program Service Revenue | $0 |
| Investment income | $1,846,836 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $684,013 |
| Net Income from Fundraising Events | $62,280 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,715,617 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,172,149 |
| 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. | $175,628 |
| Compensation of current officers, directors, key employees. | $57,458 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $404,465 |
| Pension plan accruals and contributions | $27,893 |
| Other employee benefits | $53,819 |
| Payroll taxes | $32,118 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $121,362 |
| Fees for services: Other | $70,610 |
| Advertising and promotion | $11,878 |
| Office expenses | $13,456 |
| Information technology | $5,545 |
| Royalties | $0 |
| Occupancy | $19,309 |
| Travel | $18,271 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,500 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,189 |
| All other expenses | $62,772 |
| Total functional expenses | $2,251,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,261,888 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $33,851 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,833,251 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $35,653 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $53,181,373 |
| Investments—other securities | $38,651 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $184,877 |
| Total assets | $67,569,544 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $379,770 |
| Total liabilities | $379,770 |
| Net assets without donor restrictions | $58,041,196 |
| Net assets with donor restrictions | $9,148,578 |
| 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 | $67,569,544 |
Grants Awarded
Over the last fiscal year, Pressley Ridge Foundation has awarded $1,172,149 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PRESSLEY RIDGE PURPOSE: TO ASSIST PRESSLEY RIDGE OPERATIONS, RESEARCH SUPPORT, AND CASH ASSISTANCE TO CHILDREN AND FAMILIES SERVED BY PRESSLEY RIDGE | $1,129,900 |
PRESSLEY RIDGE MARYLAND PURPOSE: TO ASSIST PRESSLEY RIDGE MARYLAND OPERATIONS. | $42,249 |