Gladys K Schultise Charitable Trust
- Assets
- $696.6k
- Revenue
- $18.2k
- Investments
- $671.6k
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 11/2014
- Data as of
- 12/2023
- EIN
- 46-5337058
Organization Overview
Gladys K Schultise Charitable Trust is located in Pittsburgh, PA. The organization was established in 2014. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gladys K Schultise Charitable 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 12/2023, Gladys K Schultise Charitable Trust generated $18.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $46.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gladys K Schultise Charitable Trust has awarded 40 individual grants totaling $273,794. 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 | $18,866 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,199 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $509 |
| Total Revenue | $18,176 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,112 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $167 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,279 |
| Contributions, gifts, grants paid | $34,914 |
| Total expenses and disbursements | $46,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$11 |
| Savings and temporary cash investments | $25,041 |
| 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 | $566,661 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $696,631 |
| 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, Gladys K Schultise Charitable Trust has awarded $34,914 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SALVATION ARMY PURPOSE: GENERAL SUPPORT | $8,728 |
WESTERN PA SCHOOL FOR BLIND PURPOSE: GENERAL SUPPORT | $6,983 |
BIDWELL ST UNITED PRESBY CHURCH PURPOSE: GENERAL SUPPORT | $10,474 |
THE BROTHER'S BROTHER FOUNDATION PURPOSE: GENERAL SUPPORT | $1,746 |
BLIND & VISION REHAB SVCS PGH PURPOSE: GENERAL SUPPORT | $6,983 |