Mcelhattan Foundation
- Assets
- $113.9m
- Revenue
- $1.4m
- Investments
- $110.5m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 03/1995
- Data as of
- 06/2023
- EIN
- 25-1756557
Organization Overview
Mcelhattan Foundation is located in Pittsburgh, PA. The organization was established in 1995. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Mcelhattan 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 06/2023, Mcelhattan Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.9% each year . All expenses for the organization totaled $8.1m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mcelhattan Foundation has awarded 386 individual grants totaling $35,589,142. 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 |
|---|---|---|---|
Kent D Mcelhattan President & Director | 0 | $0 | |
Elaine L Bonoma Director | 0 | $0 | |
Shirley Mcelhattan Director | 0 | $0 | |
Larry S Blair Director | 0 | $0 | |
Jim Woll Treasurer | 0 | $0 | |
Erin Mcelhattan Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $145,801 |
| Dividends & Interest | $2,462,940 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,191,497 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,495 |
| Total Revenue | $1,418,739 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $108,791 |
| Other employee salaries and wages | $252,816 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $63,795 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $18,961 |
| Printing and publications | $0 |
| Other expenses | $86,531 |
| Total operating and administrative expenses | $1,082,897 |
| Contributions, gifts, grants paid | $6,971,041 |
| Total expenses and disbursements | $8,053,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $303,429 |
| Savings and temporary cash investments | $3,048,546 |
| 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 | $8,029,978 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $113,862,004 |
| 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, Mcelhattan Foundation has awarded $6,971,041 in support to 100 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S MUSEUM OF PITTSBURGH PURPOSE: GENERAL SUPPORT (MULTI-YEAR GRANT) | $50,000 |
ASSEMBLE PURPOSE: GENERAL SUPPORT | $25,000 |
ANGEL'S PLACE INC PURPOSE: GENERAL SUPPORT | $25,000 |
ALUMNI THEATER COMPANY PURPOSE: GENERAL SUPPORT | $35,000 |
ACH CLEAR PATHWAYS PURPOSE: GENERAL SUPPORT | $50,000 |
UNITED WAY OF VENANGO COUNTY PURPOSE: GENERAL SUPPORT (MULTI-YEAR GRANT) | $40,000 |