Poinsatte-Altman Foundation
- Assets
- $1.4m
- Revenue
- $12.0k
- Investments
- $1.4m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 00/0000
- Data as of
- 09/2023
- EIN
- 35-6350291
Organization Overview
Poinsatte-Altman Foundation is located in Pittsburgh, PA. The organization was established in 0000. 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. Poinsatte-Altman 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 09/2023, Poinsatte-Altman Foundation generated $12.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (30.9%) each year. All expenses for the organization totaled $84.6k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Poinsatte-Altman Foundation has awarded 58 individual grants totaling $444,804. 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 | $33,312 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$21,348 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,964 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,112 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,369 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,966 |
| Total operating and administrative expenses | $25,447 |
| Contributions, gifts, grants paid | $59,168 |
| Total expenses and disbursements | $84,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,983 |
| 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 | $1,366,488 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,404,471 |
| 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, Poinsatte-Altman Foundation has awarded $59,168 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION FOR ART AND MUSIC PURPOSE: GENERAL SUPPORT | $6,668 |
HEALTHVISIONS MIDWEST INC PURPOSE: GENERAL SUPPORT | $5,000 |
HOOSIERS FEEDING THE HUNGRY INC PURPOSE: GENERAL SUPPORT | $5,000 |
BIBLICAL LIFE RECOVERY CENTER INC PURPOSE: GENERAL SUPPORT | $12,500 |
WELLSPRING INTERFAITH SOCIAL SERVICES PURPOSE: GENERAL | $15,000 |
BOOMERANG BACKPACKS INC PURPOSE: GENERAL PURPOSE | $7,000 |