Theodore W And Betty J Eckels Foundation
- Assets
- $5.0m
- Revenue
- $1.4m
- Investments
- $4.8m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 09/2011
- Data as of
- 12/2022
- EIN
- 45-2941744
Organization Overview
Theodore W And Betty J Eckels Foundation is located in Pittsburgh, PA. The organization was established in 2011. 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. Theodore W And Betty J Eckels 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, Theodore W And Betty J Eckels Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 56.9% each year . All expenses for the organization totaled $476.5k during the year ending 12/2022. While expenses have increased by 4.6% per year over the past 4 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.
Since 2020, Theodore W And Betty J Eckels Foundation has awarded 33 individual grants totaling $917,500. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dana W Hiscock Co-Trustee | 1 | $41,333 | |
Richard Eckels Co-Trustee | 1 | $41,334 | |
Bny Mellon N A Trustee | 1 | $41,106 | |
Amanda Eckels Goetze Co-Trustee | 1 | $10,399 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $819,030 |
| Interest on Savings | $0 |
| Dividends & Interest | $189,292 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $425,328 |
| Capital Gain Net Income | $425,328 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,433,650 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $134,172 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24,257 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $161,458 |
| Contributions, gifts, grants paid | $315,000 |
| Total expenses and disbursements | $476,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $137,859 |
| 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 | $4,843,168 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,981,027 |
| 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, Theodore W And Betty J Eckels Foundation has awarded $315,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
THE CHURCH OF HOLY COMMUNION PURPOSE: GENERAL OPERATING | $50,000 |
DREAM CATCHERS PURPOSE: GENERAL OPERATING | $10,000 |
REAL PARTNERS UGANDA INC PURPOSE: GENERAL OPERATING | $40,000 |
HUMANE SOCIETY OF MEMPHIS & SHELBY COUNT PURPOSE: GENERAL OPERATING | $10,000 |
RHODES COLLEGE PURPOSE: GENERAL OPERATING | $50,000 |
THE AMERICAN IRELAND FUND PURPOSE: GENERAL OPERATING | $5,000 |