Mary T Savage Nect
- Assets
- $8.8m
- Revenue
- -$580.0k
- Investments
- $8.6m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 12/1970
- Data as of
- 05/2023
- EIN
- 34-6511450
Organization Overview
Mary T Savage Nect is located in Pittsburgh, PA. The organization was established in 1970. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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.
Since 2015, Mary T Savage Nect has awarded 50 individual grants totaling $5,116,406. 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 | $238,988 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$819,072 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $65 |
| Total Revenue | -$580,019 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $64,591 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,055 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,139 |
| Total operating and administrative expenses | $83,825 |
| Contributions, gifts, grants paid | $759,355 |
| Total expenses and disbursements | $843,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $216,663 |
| 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 | $7,405,522 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,808,161 |
| 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, Mary T Savage Nect has awarded $759,355 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CLEVELAND CLINIC CHILDRENS HOSPITAL PURPOSE: GENERAL SUPPORT | $94,082 |
CLEVELAND SIGHT CENTER PURPOSE: GENERAL SUPPORT | $188,165 |
CLEVELAND CLINICMERIDIA HURON PURPOSE: GENERAL SUPPORT | $188,165 |
ST PAULS EPISCOPAL CHURCH PURPOSE: GENERAL SUPPORT | $100,778 |
UNIVERSITY HOSPITALS PURPOSE: GENERAL SUPPORT | $188,165 |