Forsythe Foundation
- Assets
- $867.7k
- Revenue
- $20.3k
- Investments
- $839.2k
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 08/1972
- Data as of
- 12/2023
- EIN
- 25-6072007
Organization Overview
Forsythe Foundation is located in Pittsburgh, PA. The organization was established in 1972. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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 12/2023, Forsythe Foundation generated $20.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (16.7%) each year. All expenses for the organization totaled $54.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Forsythe Foundation has awarded 30 individual grants totaling $423,262. 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 |
|---|---|---|---|
Pnc Bank Trustee | 1 | $7,746 | |
William D Sutton ESQ Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,524 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,023 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $783 |
| Total Revenue | $20,284 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,746 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $192 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,582 |
| Total operating and administrative expenses | $13,520 |
| Contributions, gifts, grants paid | $41,424 |
| Total expenses and disbursements | $54,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,474 |
| 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 | $839,178 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $867,652 |
| 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, Forsythe Foundation has awarded $41,424 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BUTLER MEMORIAL HOSPITAL PURPOSE: BHS FOOD INSTITUTE | $20,000 |
EVANS CITY PUBLIC LIBRARY PURPOSE: LIBRARY MAKE-OVER | $11,424 |
UNITED WAY OF BUTLER COUNTY PURPOSE: KINDERGARTEN TRANSITION | $10,000 |