Foundation Of The Allegheny
- Assets
- $777.2k
- Revenue
- $240.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Latrobe, PA
- Founding
- 09/2011
- Data as of
- 12/2021
- EIN
- 27-4739079
Organization Overview
Foundation Of The Allegheny is located in Latrobe, PA. The organization was established in 2011. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of The Allegheny 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 12/2021, Foundation Of The Allegheny generated $240.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 71.7% each year . All expenses for the organization totaled $17.8k during the year ending 12/2021. While expenses have increased by 5.1% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION OF THE ALLEGHENY CONFERENCE CHURCHES OF GOD GENERAL CONFERENCE MANAGES ASSETS AND INCOME FOR THE BENEFIT OF THE MINISTRIES OF THE LOCAL CHURCHES OF THE ALLEGHENY REGION CONFERENCE, CHURCHES OF GOD GENERAL CONFERENCE, A NON-PROFIT RELIGIOUS CHRITABLE CORPORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OF THE ALLEGHENY REGION AWARDED GRANTS TO CHRUCHES AND MINISTRIES OF THE ALLEGHENY REGION CONFERENCE CHURCHES OF GOD GENERAL CONFERENCE IN ACCORDANCE WITH ITS MISSION AND AFTER A COMPETITIVE APPLICATION AND REVIEW PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Kline Vice-Chairma | OfficerTrustee | 1 | $0 |
Cheryl Pletcher Secretary | OfficerTrustee | 1 | $0 |
Scott Porterfield Chairman | OfficerTrustee | 1 | $0 |
Gladys Grimm Treasurer | OfficerTrustee | 1 | $0 |
Mitchel Johnston Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,260 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,260 |
| Total Program Service Revenue | $0 |
| Investment income | $17,773 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $221,350 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $240,383 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,135 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,961 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,184 |
| All other expenses | $15 |
| Total functional expenses | $17,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,516 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $774,667 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $777,183 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,516 |
| Net assets with donor restrictions | $774,667 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $777,183 |
Grants Awarded
Over the last fiscal year, Foundation Of The Allegheny has awarded $11,135 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GARMAN CHURCH OF GOD PURPOSE: SIGN PROJECT | $6,000 |
UNITED COMMUNITY CHURCH OF GOD PURPOSE: UPGRADE TO CAMERAS | $5,135 |
Endowment Analysis
| Beg. Balance | $713,055 |
| Earnings | $77,708 |
| Admin Expense | $4,961 |
| Grants | $11,135 |
| Ending Balance | $774,667 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Union Inc Princeton, NJ | $13,074,575 | $9,787,161 |
Eretz Hachaim Us Inc Brooklyn, NY | $7,972,379 | $9,030,705 |
Youngstown Area Jewish Foundation Youngstown, OH | $57,003,895 | $4,586,174 |
Sisters Of Charity Foundation Of Cleveland Cleveland, OH | $104,281,419 | $3,700,315 |
Norman E Alexander Family S Foundation Inc New York, NY | $92,718,623 | $22,235,113 |
Strength Of Israel Inc Lawrence, NY | $1,436,056 | $5,202,580 |
Kupas Yom Tov Inc Lakewood, NJ | $35,904 | $3,631,675 |
Norman E Alexander Family M Foundation Inc New York, NY | $80,702,389 | $17,666,816 |
Norman E Alexander Family G Foundation Inc New York, NY | $74,799,909 | $16,778,157 |
Cpps Heritage Mission Fund Dayton, OH | $17,862,945 | $6,205,362 |
Emerging Light Foundation Inc Rockville, MD | $6,271,792 | $71,704 |
Episcopal Charities Of The Diocese Of New York New York, NY | $4,370,956 | $2,900,488 |