Fairbanks-Horix Charitable Trust
- Assets
- $568.2k
- Revenue
- $37.9k
- Investments
- $535.7k
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 09/1967
- Data as of
- 12/2023
- EIN
- 25-6084211
Organization Overview
Fairbanks-Horix Charitable Trust is located in Pittsburgh, PA. The organization was established in 1967. 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. Fairbanks-Horix Charitable Trust 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, Fairbanks-Horix Charitable Trust generated $37.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $52.0k during the year ending 12/2023. While expenses have increased by 3.5% 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, Fairbanks-Horix Charitable Trust has awarded 66 individual grants totaling $270,981. 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 FOR ONE INDIVIDUAL FOR STUDY AT VARIOUS INSTITUTIONS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,506 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,425 |
| Capital Gain Net Income | $22,425 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6 |
| Total Revenue | $37,937 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,329 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $279 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,426 |
| Total operating and administrative expenses | $13,034 |
| Contributions, gifts, grants paid | $39,005 |
| Total expenses and disbursements | $52,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,475 |
| 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 | $535,745 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $568,220 |
| 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, Fairbanks-Horix Charitable Trust has awarded $39,005 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
LOAVES AND FISHES OF TOMPKINS PURPOSE: FREE MEAL PROGRAM | $2,500 |
COMMUNITY COLLEGE OF ALLEGHENY COUNTY PURPOSE: FAIRBANKS-HORIX SCHOLARSHIP | $5,000 |
FAIRBANKS FAMILY IN AMERICA INC PURPOSE: CONSERVATION OF 1807 | $3,005 |
DUQUESNE UNIVERSITY OF THE PURPOSE: GENERAL SUPPORT | $3,000 |
SHEPHERD'S HEART FELLOWSHIP PURPOSE: EMERGENCY FUND FOR VETS | $8,000 |
FRIENDS OF THE PGH FISHER HOUSE PURPOSE: FISHER HOUSE FOOD | $5,000 |