J M Lockhart Lockhart J M Ally Herc is located in Pittsburgh, PA. The organization was established in 1900. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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.
For the year ending 09/2023, J M Lockhart Lockhart J M Ally Herc generated $13.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 31.6% each year . All expenses for the organization totaled $5.1m during the year ending 09/2023. While expenses have increased by 3.8% per year over the past 4 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.
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 | 
| Interest on Savings | $0 | 
| Dividends & Interest | $1,981,667 | 
| Net Rental Income | $0 | 
| Net Gain on Sale of Assets | $11,015,997 | 
| Capital Gain Net Income | $11,015,997 | 
| Net ST Capital Gain | $0 | 
| Income Modifications | $0 | 
| Profit on Inventory Sales | $0 | 
| Other Income | $540,235 | 
| Total Revenue | $13,537,899 | 
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $280,348 | 
| Other employee salaries and wages | $0 | 
| Pension plans, employee benefits | $0 | 
| Interest | $0 | 
| Taxes | $212,356 | 
| Depreciation | $0 | 
| Occupancy | $0 | 
| Travel, conferences, and meetings | $0 | 
| Printing and publications | $0 | 
| Other expenses | $324,082 | 
| Total operating and administrative expenses | $816,786 | 
| Contributions, gifts, grants paid | $4,305,386 | 
| Total expenses and disbursements | $5,122,172 | 
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 | 
| Savings and temporary cash investments | $253,107 | 
| 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 | $80,956,378 | 
| Net Land, buildings, and equipment | $0 | 
| Other assets | $0 | 
| Total assets | $81,209,485 | 
| 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 |