Elizabeth Devins Palaskas Trust
- Assets
- $288.1k
- Revenue
- $8.5k
- Investments
- $280.1k
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 02/1993
- Data as of
- 07/2024
- EIN
- 31-6393355
Organization Overview
Elizabeth Devins Palaskas Trust is located in Pittsburgh, PA. The organization was established in 1993. 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. Elizabeth Devins Palaskas Trust 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 07/2024, Elizabeth Devins Palaskas Trust generated $8.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $6.8k during the year ending 07/2024. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Elizabeth Devins Palaskas Trust has awarded 28 individual grants totaling $138,861. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,105 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,394 |
| Capital Gain Net Income | $1,394 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,499 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,668 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $68 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $631 |
| Total operating and administrative expenses | $2,367 |
| Contributions, gifts, grants paid | $4,420 |
| Total expenses and disbursements | $6,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,979 |
| 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 | $280,131 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,000 |
| Total assets | $288,110 |
| 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, Elizabeth Devins Palaskas Trust has awarded $4,420 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GRACE UNTD METHODIST CHURCH PURPOSE: GENERAL OPERATING | $1,473 |
BRD OF EDUCATION OF WASHINGTON PURPOSE: GENERAL OPERATING | $1,474 |
ST COLMAN PARISH PURPOSE: GENERAL OEPRATING | $1,473 |