Frederick & Ellen Fair Memorial Fund P06109006
- Assets
- $7.3m
- Revenue
- $411.9k
- Investments
- $7.0m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 04/2013
- Data as of
- 12/2023
- EIN
- 25-6082935
Organization Overview
Frederick & Ellen Fair Memorial Fund P06109006 is located in Pittsburgh, PA. The organization was established in 2013. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Frederick & Ellen Fair Memorial Fund P06109006 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 12/2023, Frederick & Ellen Fair Memorial Fund P06109006 generated $411.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $430.4k during the year ending 12/2023. While expenses have increased by 0.2% per year over the past 8 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.
Since 2016, Frederick & Ellen Fair Memorial Fund P06109006 has awarded 71 individual grants totaling $2,424,655. 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
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $189,627 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $222,287 |
| Capital Gain Net Income | $222,287 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $411,914 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $68,435 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,056 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,413 |
| Total operating and administrative expenses | $96,904 |
| Contributions, gifts, grants paid | $333,463 |
| Total expenses and disbursements | $430,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $311,133 |
| 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 | $6,955,990 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,267,123 |
| 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, Frederick & Ellen Fair Memorial Fund P06109006 has awarded $333,463 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
VENANGO COUNTY ASSOCIATION FOR THE BLIND PURPOSE: BLIND & VISUALLY IMPAIRED | $35,000 |
EPISCOPAL DIOCESE OF NW PA PURPOSE: SHEPHERD'S GREEN COMMUNITY | $25,000 |
CRANBERRY HOME AND SCHOOL PURPOSE: ADA ACCESSIBLE PLAYGROUND | $25,000 |
BELLES LETTRES CLUB PURPOSE: STEINWAY PIANO RESTORATION | $23,282 |
CHRISTIAN LIFE ACADEMY INC PURPOSE: CLASSROOM NEEDS | $22,163 |
E A A FRANKLIN SPORT CHAPTER 988 INC PURPOSE: ENHANCING AVIATION | $4,439 |