Piston Family Foundation
- Assets
- $74.1k
- Revenue
- $7.4k
- Investments
- $66.1k
- Employees
- 0
- Location
- Hermitage, PA
- Founding
- 04/2017
- Data as of
- 12/2022
- EIN
- 81-4633973
Organization Overview
Piston Family Foundation is located in Hermitage, PA. The organization was established in 2017. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Piston Family 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, Piston Family Foundation generated $7.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (32.5%) each year. All expenses for the organization totaled $19.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Piston Family Foundation has awarded 33 individual grants totaling $179,266. 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
A 5K RUN/WALK WAS USED TO PROMOTE THE CHARITABLE PURPOSE OF PISTON FAMILY FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Kathy Piston Director, Chairman, Presid | 2 | $0 | |
Dr Robert Piston Director | 0.1 | $0 | |
Robert W Piston Jr Director,cfo,treasurer | 0.5 | $0 | |
Michael D Piston Director | 0 | $0 | |
Rebecca M Piston Director, Secretary | 0.5 | $0 | |
Steven J Piston Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,200 |
| Interest on Savings | $1 |
| Dividends & Interest | $1,408 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $832 |
| Capital Gain Net Income | $832 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,441 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $18 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,678 |
| Total operating and administrative expenses | $7,747 |
| Contributions, gifts, grants paid | $12,000 |
| Total expenses and disbursements | $19,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,798 |
| Savings and temporary cash investments | $0 |
| 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 | $66,064 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,279 |
| Total assets | $74,141 |
| 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 | -$16 |
| Total liabilities | -$16 |
Grants Awarded
Over the last fiscal year, Piston Family Foundation has awarded $12,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HILLSDALE COLLEGE PURPOSE: TO TEACH A LIBERAL ARTS EDUCATION THAT IS STEEPED IN THE HISTORIC IT PURSUES THE STATED OBJECT OF THE FOUNDERS: "TO FURNISH ALL PERSONS WHO WISH, IRRESPECTIVE OF NATION, COLOR, OR SEX, A LITERARY, SCIENTIFIC, [AND] THEOLOGICAL EDUCATION" OUTSTANDING AMONG AMERICAN COLLEGES AND TO COMBINE WITH THIS SUCH MORAL AND SOCIAL INSTRUCTION AS WILL BEST DEVELOP THE MINDS AND IMPROVE THE HEARTS OF ITS PUPILS. | $10,000 |
AMERICAN FOUNDRY SOCIETY STUDENT CHAPTER PURPOSE: THE MISSION OF THE AMERICAN FOUNDRY SOCIETY IS TO ADVANCE THE SUCCESS OF ITS MEMBERS AND THE METALCASTING INDUSTRY THROUGH ADVOCACY, EDUCATION, AND INNOVATION. | $2,000 |