Martin B Leisser Art Fund
- Assets
- $841.9k
- Revenue
- $2.6k
- Investments
- $824.2k
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 01/1942
- Data as of
- 12/2023
- EIN
- 25-7422376
Organization Overview
Martin B Leisser Art Fund is located in Pittsburgh, PA. The organization was established in 1942. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Martin B Leisser Art 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 12/2023, Martin B Leisser Art Fund generated $2.6k 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 (39.6%) each year. All expenses for the organization totaled $42.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Lewis Co-Trustee | 1 | $178 | |
Pnc Bank N A Co-Trustee | 1 | $715 | |
Rebecca Koop Co-Trustee | 1 | $178 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,116 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$20,565 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,551 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,071 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $349 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,420 |
| Contributions, gifts, grants paid | $41,275 |
| Total expenses and disbursements | $42,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,755 |
| 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 | $824,194 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $841,949 |
| 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, Martin B Leisser Art Fund has awarded $26,749 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
STAATLICHE HOCHSCHULE FUR PURPOSE: ANNUAL PRIZE IN PAINTING | $4,544 |
AKADEMIE DER BILDENDEN KUNSTE PURPOSE: GENERAL SUPPORT | $8,016 |
THE SALVATION ARMY PURPOSE: GENERAL SUPPORT | $4,544 |
CARNEGIE MUSEUM OF ART PURPOSE: GENERAL SUPPORT | $5,101 |
CARNEGIE MELLON UNIVERSITY PURPOSE: ART AWARD | $4,544 |