Ciervo Foundation
- Assets
- $4.5m
- Revenue
- $33.9k
- Investments
- $4.3m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 05/2018
- Data as of
- 12/2022
- EIN
- 82-3238419
Organization Overview
Ciervo Foundation is located in Pittsburgh, PA. The organization was established in 2018. 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. Ciervo 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, Ciervo Foundation generated $33.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (40.3%) each year. All expenses for the organization totaled $307.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Ciervo Foundation has awarded 51 individual grants totaling $1,045,000. 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
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenton J Mcelhattan Director/chairman/president | 0 | $0 | |
Lesley Mcelhattan Director/secretary/treasurer | 0 | $0 | |
Larry S Blair Director/vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $97,474 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$63,585 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,894 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,057 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $62,098 |
| Contributions, gifts, grants paid | $245,000 |
| Total expenses and disbursements | $307,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $164,605 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,506,228 |
| 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, Ciervo Foundation has awarded $245,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
INNOVATION WORKS INC PURPOSE: GENERAL SUPPORT - ($100,000) ALG ARTIST RESIDENCY - ($5,000) | $105,000 |
YOUTHPLACES PURPOSE: YP TECH BUILDERS | $25,000 |
THREE RIVERS ADOPTION COUNCIL PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
WOMEN'S CENTER AND SHELTER OF GREATER PITTSBURGH PURPOSE: GENERAL SUPPORT | $10,000 |
THE ELLIS SCHOOL PURPOSE: THE ELLIS FUND | $10,000 |
KENTUCKY AVENUE SCHOOL PURPOSE: GENERAL SUPPORT | $25,000 |