Western Pennsylvania School For Blind Children Foundation
- Assets
- $346.8m
- Revenue
- $13.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- Data as of
- 06/2021
- EIN
- 84-2311959
Organization Overview
Western Pennsylvania School For Blind Children Foundation is located in Pittsburgh, PA. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Pennsylvania School For Blind Children 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 06/2021, Western Pennsylvania School For Blind Children Foundation generated $13.8m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $3.7m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FINANCIALLY SUPPORT WESTERN PENNSYLVANIA SCHOOL FOR BLIND CHILDREN'S MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WESTERN PENNSYLVANIA SCHOOL FOR BLIND CHILDREN FOUNDATION WAS CREATED IN 2019 TO ENSURE THE LEGACY AND FUTURE OF THE SCHOOL. BEING A SEPARATE ENTITY, THE FOUNDATION CAN FOCUS ON FUNDRAISING AND MANAGING INVESTMENT FUNDS WHILE WPSBC ADMINISTRATORS AND EDUCATORS CAN FOCUS ON EDUCATING STUDENTS AND NURTURING THEIR UNIQUE ABILITIES. THE FOUNDATION PROVIDED OVER $3 MILLION OF CONTRIBUTIONS TO THE SCHOOL TO ASSIST IN OPERATING EXPENSES AND MEET THE EVER CHANGING NEEDS AND MEDICAL COMPLEXITIES OF THE STUDENTS. A PORTION OF THE CONTRIBUTIONS ALSO WENT TOWARD SPECIAL ENHANCEMENTS TO THE SCHOOL SUCH AS OUTDOOR MUSICAL INSTRUMENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Simon PHD Vice President | OfficerTrustee | 2 | $0 |
H Scott Cunningham Board President | OfficerTrustee | 2 | $0 |
Timothy D Frenz Secretary | OfficerTrustee | 2 | $0 |
Susan R Mcaleer Treasurer | OfficerTrustee | 2 | $0 |
Dr Heidi Ondek Trustee | Trustee | 1 | $0 |
Harry G Kilvanick Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Loomis Sayles And Co Lp Investment Management | 6/29/21 | $117,644 |
Mellon Trust Of New England Investment Management | 6/29/21 | $128,732 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,975 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,975 |
| Total Program Service Revenue | $0 |
| Investment income | $3,560,286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,214,950 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,829,211 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,019,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $450,527 |
| Fees for services: Other | $203,167 |
| Advertising and promotion | $0 |
| Office expenses | $515 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,754 |
| All other expenses | $6,474 |
| Total functional expenses | $3,691,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,712 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $386 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $346,608,575 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $346,759,673 |
| Accounts payable and accrued expenses | $20,713 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,713 |
| Net assets without donor restrictions | $346,738,960 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $346,759,673 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
University Of Maryland Obstetrical And Gynecological Associates P A Baltimore, MD | $13,649,114 | $19,437,289 |
Kent State University Foundation Kent, OH | $245,939,628 | $27,886,498 |
Unidel Foundation Inc Greenville, DE | $452,249,782 | $36,851,681 |
Hunter College Foundation Inc New York, NY | $144,509,988 | $37,248,838 |
University Of Akron Foundation Akron, OH | $205,506,114 | $14,662,521 |
Educational Foundation Of America Bethesda, MD | $294,733,951 | $32,812,396 |
The American Friends Of Winchester College New York, NY | $259,900 | $15,435,931 |
Friends Of@ascend Charter Schools Inc Brooklyn, NY | $51,013,536 | $16,135,870 |
Rowan University Foundation Inc Glassboro, NJ | $339,808,677 | $39,224,287 |
Equitable Facilities Fund Inc New York, NY | $843,754,758 | $34,535,002 |
School Employees Benefit Trust Cincinnati, OH | $16,584,284 | $19,989,967 |