William G Baker Jr Memorial Fund
- Assets
- $24.7m
- Revenue
- $1.5m
- Investments
- $24.4m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 02/1965
- Data as of
- 12/2022
- EIN
- 52-6057178
Organization Overview
William G Baker Jr Memorial Fund is located in Pittsburgh, PA. The organization was established in 1965. 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. William G Baker Jr Memorial Fund 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, William G Baker Jr Memorial Fund generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 3.6% per year over the past 7 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 2014, William G Baker Jr Memorial Fund has awarded 264 individual grants totaling $7,124,429. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Constance Imboden Co-Trustee | 1 | $0 | |
Pnc Bank Co-Trustee | 18 | $94,423 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $635,234 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $883,608 |
| Capital Gain Net Income | $883,608 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,518,842 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $101,825 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,469 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,122 |
| Total operating and administrative expenses | $154,416 |
| Contributions, gifts, grants paid | $1,515,901 |
| Total expenses and disbursements | $1,670,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $317,798 |
| 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 | $12,980,480 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $24,746,163 |
| 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, William G Baker Jr Memorial Fund has awarded $1,266,807 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
AUDREY HERMAN SPOTLIGHTERS PURPOSE: GENERAL OPERATING | $15,000 |
ARTSCENTRIC INC PURPOSE: PROGRAM CAPACITY | $10,000 |
BALTIMORE CHORAL ARTS SOCIETY INC PURPOSE: GENERAL OPERATING | $20,000 |
BACH CONCERT SERIES PURPOSE: CORE OPERATIONS | $17,500 |
BALTIMORE CLASSICAL GUITAR SOCIETY PURPOSE: GENERAL SUPPORT | $1,000 |
BALTIMORE COMMUNITY FOUNDATION INC PURPOSE: ADMIN COST | $191,139 |