Aaron Shearer Foundation is located in Pittsburgh, PA. The organization was established in 2009. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. Aaron Shearer Foundation 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, Aaron Shearer Foundation generated $23.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $47.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
A FESTIVAL, SALES OF GUITARS, GUITAR EDUCATIONAL BOOKS AND PROGRAMS VIA THE FOUNDATIONS WEB SITE AND ROYALTIES FROM PUBLICATIONS PROVIDED THE SUPPORT FOR THE FOUNDATION IN 2022.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas J Kikta Vice President | 10 | $17,874 | |
Alan Hirsh Independent Contractor | 0 | $15,000 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,900 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $9,213 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$4,376 |
| Other Revenue | $7,131 |
| Total Revenue | $23,478 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $32,874 |
| Professional fees and other payments to independent contractors | $500 |
| Occupancy, rent, utilities, and maintenance | $2,205 |
| Printing, publications, postage, and shipping | $2,894 |
| Other expenses | $9,288 |
| Total expenses | $47,761 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $183,373 |
| Other assets | $0 |
| Total assets | $183,373 |
| Total liabilities | $0 |
| Net assets or fund balances | $183,373 |