Moses S & Blanch H Hecht Foundation
- Assets
- $741.3k
- Revenue
- $13.1k
- Investments
- $724.6k
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 09/1955
- Data as of
- 12/2023
- EIN
- 52-6022904
Organization Overview
Moses S & Blanch H Hecht Foundation is located in Pittsburgh, PA. The organization was established in 1955. 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. Moses S & Blanch H Hecht 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 12/2023, Moses S & Blanch H Hecht Foundation generated $13.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $46.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Moses S & Blanch H Hecht Foundation has awarded 16 individual grants totaling $284,296. 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 |
|---|---|---|---|
Pnc Bank Na Trustee | 2 | $7,476 | |
William E Scholtes Esquire Co-Trustee | 1 | $1,602 | |
Sheldon S Satisky Esquire Co-Trustee | 1 | $1,602 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,288 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,226 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,062 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,680 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $204 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,884 |
| Contributions, gifts, grants paid | $35,617 |
| Total expenses and disbursements | $46,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,694 |
| 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 | $724,622 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $741,316 |
| 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, Moses S & Blanch H Hecht Foundation has awarded $35,617 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FAMILY CHILD SERVICES INC PURPOSE: GENERAL SUPPORT | $17,808 |
SINAI HOSPITAL OF BALTIMORE INC PURPOSE: GENERAL SUPPORT | $17,809 |