Edward J & Lavalette Rockwell Sheil Memorial Fund Nect
- Assets
- $278.8k
- Revenue
- $7.8k
- Investments
- $256.6k
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 07/1974
- Data as of
- 12/2023
- EIN
- 25-6081887
Organization Overview
Edward J & Lavalette Rockwell Sheil Memorial Fund Nect is located in Pittsburgh, PA. The organization was established in 1974. 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, Edward J & Lavalette Rockwell Sheil Memorial Fund Nect generated $7.8k 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 (6.6%) each year. All expenses for the organization totaled $17.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Edward J & Lavalette Rockwell Sheil Memorial Fund Nect has awarded 32 individual grants totaling $115,462. 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
ISSUED SCHOLARSHIPS TO 4 INDIVIDUALS FOR STUDY AT VARIOUS INSTITUTIONS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,542 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $40 |
| Capital Gain Net Income | $40 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $210 |
| Total Revenue | $7,792 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,170 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $64 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,234 |
| Contributions, gifts, grants paid | $13,092 |
| Total expenses and disbursements | $17,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,154 |
| 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 | $256,612 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $278,766 |
| 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, Edward J & Lavalette Rockwell Sheil Memorial Fund Nect has awarded $13,092 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
RYAN VO PURPOSE: SCHOLARSHIP | $3,273 |
ADAM PEREZ PURPOSE: SCHOLARSHIP | $3,273 |
ALEXANDER HURLBURT PURPOSE: SCHOLARSHIP | $3,273 |
ANDRES DE LA LAMA PURPOSE: SCHOLARSHIP | $3,273 |