Shore Fund
- Assets
- $7.5m
- Revenue
- $270.3k
- Investments
- $7.5m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 09/1982
- Data as of
- 12/2022
- EIN
- 25-6220659
Organization Overview
Shore Fund is located in Pittsburgh, PA. The organization was established in 1982. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shore Fund 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 12/2022, Shore Fund generated $270.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $518.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Shore Fund has awarded 24 individual grants totaling $1,280,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret F Blackburn Co-Trustee | 1 | $0 | |
Christine Wagner Co-Trustee | 1 | $0 | |
Bny Mellon N A Co-Trustee | 1 | $48,665 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $179,301 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $90,997 |
| Capital Gain Net Income | $90,997 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $270,298 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,665 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,269 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $58,019 |
| Contributions, gifts, grants paid | $460,000 |
| Total expenses and disbursements | $518,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $41,157 |
| 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 | $7,456,041 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,497,198 |
| 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, Shore Fund has awarded $460,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
THE MASTERS SCHOOL PURPOSE: GENERAL OPERATING | $10,000 |
MARGARET ANNA MCKEAN CHARITABLE FUND PURPOSE: GENERAL OPERATING | $5,000 |
CHICAGO COMMUNITY FOUNDATION PURPOSE: GENERAL OPERATING | $23,000 |
TUCKER COMMUNITY FOUNDATION PURPOSE: GENERAL OPERATING | $23,000 |
COMMUNITY FOUNDATION OF COLLIER COUNTY PURPOSE: GENERAL OPERATING | $146,000 |
NORTH CAROLINA COMMUNITY FOUNDATION INC PURPOSE: GENERAL OPERATING | $225,000 |