Trust C Under Will Of Norman C Ray Nect
- Assets
- $742.7k
- Revenue
- $40.2k
- Investments
- $678.1k
- Employees
- 0
- Location
- Allison Park, PA
- Founding
- 02/1978
- Data as of
- 12/2022
- EIN
- 25-6186356
Organization Overview
Trust C Under Will Of Norman C Ray Nect is located in Allison Park, PA. The organization was established in 1978. 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 12/2022, Trust C Under Will Of Norman C Ray Nect generated $40.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.1%) each year. All expenses for the organization totaled $161.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Trust C Under Will Of Norman C Ray Nect has awarded 47 individual grants totaling $829,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce George Jr Trustee | 0 | $2,500 | |
Scott Parker Trustee | 0 | $2,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $909 |
| Dividends & Interest | $39,285 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,194 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $558 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $24,598 |
| Contributions, gifts, grants paid | $137,000 |
| Total expenses and disbursements | $161,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $64,603 |
| 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 | $49,944 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $742,708 |
| 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, Trust C Under Will Of Norman C Ray Nect has awarded $137,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
GIRLS HOPE OF PITTSBURGH PURPOSE: CHARITY | $25,000 |
THE NEIGHORHOOD ACADEMY PURPOSE: CHARITY | $25,000 |
THE CHUCK NOLL FOUNDATION PURPOSE: CHARITY | $25,000 |
ANCHORPOINT COUNSELLING MINISTRY PURPOSE: CHARITY | $25,000 |
STEEL CITY SQUASH PURPOSE: CHARITY | $2,000 |
HOMELESS CHILDREN EDUCATION FUN PURPOSE: CHARITY | $25,000 |