Northwest Bancorp Inc Charitable Foundation
- Assets
- $2.5m
- Revenue
- $91.6k
- Investments
- $2.5m
- Employees
- 0
- Location
- Warren, PA
- Founding
- 12/1999
- Data as of
- 06/2021
- EIN
- 25-1819537
Organization Overview
Northwest Bancorp Inc Charitable Foundation is located in Warren, PA. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Northwest Bancorp Inc Charitable 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 06/2021, Northwest Bancorp Inc Charitable Foundation generated $91.6k 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 (32.1%) each year. All expenses for the organization totaled $121.3k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Northwest Bancorp Inc Charitable Foundation has awarded 14 individual grants totaling $174,400. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Seiffert President | 0.5 | $0 | |
William W Harvey Treasurer | 1 | $0 | |
Kay Eadie Secretary | 1 | $0 | |
Tim Fannin Board Member | 0.5 | $0 | |
Ron Seiffert Board Member | 0.5 | $0 | |
John Meegan Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $37,569 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $53,989 |
| Capital Gain Net Income | $53,989 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $91,559 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $966 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $23,019 |
| Contributions, gifts, grants paid | $98,300 |
| Total expenses and disbursements | $121,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,878 |
| 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 | $2,087 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,501,694 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,507,659 |
| Accounts payable and accrued expenses | $966 |
| Grants payable | $72,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $72,966 |
Grants Awarded
Over the last fiscal year, Northwest Bancorp Inc Charitable Foundation has awarded $98,300 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIPS TO CHILDREN OF EMPLOYEES PURPOSE: HIGHER EDUCATION SCHOLARSHIPS | $74,000 |
Corry, PA PURPOSE: OPERATIONS | $8,500 |
CORY AREA ARTS COUNCIL PURPOSE: CONCERT SERIES FUNDING | $6,000 |
Corry, PA PURPOSE: PRESERVATION EQUIPMENT | $3,800 |
Corry, PA PURPOSE: CORRY COMMUNITY DEVELOPMENT | $3,000 |
DOWNTOWN CORY BUSINESS ASSOCIATION PURPOSE: FIRST FRIDAY PROGRAMMING | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |