D M & Margaret J Powers Mem Tr P8yb3502l
- Assets
- $695.7k
- Revenue
- $2.0k
- Investments
- $679.6k
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 08/1972
- Data as of
- 06/2023
- EIN
- 25-6031240
Organization Overview
D M & Margaret J Powers Mem Tr P8yb3502l is located in Pittsburgh, PA. The organization was established in 1972. 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 06/2023, D M & Margaret J Powers Mem Tr P8yb3502l generated $2.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (65.5%) each year. All expenses for the organization totaled $45.9k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,372 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$15,409 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,963 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,853 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $776 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,629 |
| Contributions, gifts, grants paid | $35,228 |
| Total expenses and disbursements | $45,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,056 |
| 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 | $679,616 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $695,672 |
| 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, D M & Margaret J Powers Mem Tr P8yb3502l has awarded $35,228 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OUR LADY OF VICTORY HOME OF CHAR PURPOSE: GENERAL SUPPORT | $17,614 |
SOCIETY OF THE DIVINE WORD PURPOSE: GENERAL SUPPORT | $17,614 |