Louis Blum Charitable Foundation
- Assets
- $444.1k
- Revenue
- $14.9k
- Investments
- $401.8k
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 04/2003
- Data as of
- 12/2022
- EIN
- 30-0136525
Organization Overview
Louis Blum Charitable Foundation is located in Pittsburgh, PA. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, 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. Louis Blum Charitable 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, Louis Blum Charitable Foundation generated $14.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $31.6k during the year ending 12/2022. 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 |
|---|---|---|---|
Robert Blum Director | 1 | $6,000 | |
Carl Trosch Director | 5 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $215 |
| Dividends & Interest | $12,276 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,380 |
| Capital Gain Net Income | $1,067 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,871 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $72 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,572 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $31,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,378 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $444,130 |
| 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, Louis Blum Charitable Foundation has awarded $21,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
THE ROTARY FOUNDATION PURPOSE: DONATION | $9,000 |
HEINZ HISTORY CENTER PURPOSE: DONATION | $5,000 |
JEWISH FEDERATION PURPOSE: DONATION | $3,000 |
RODEF SHALOM CONGREGATION PURPOSE: DONATION | $3,000 |
WILBUR TROSCH FOUNDATION PURPOSE: DONATION | $1,000 |
LINSLY SCHOOL PURPOSE: DONATION | $500 |