Velma Moore T W Charities
- Assets
- $5.8m
- Revenue
- $91.5k
- Investments
- $5.6m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 01/1999
- Data as of
- 06/2023
- EIN
- 90-0052174
Organization Overview
Velma Moore T W Charities is located in Pittsburgh, PA. The organization was established in 1999. 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. Velma Moore T W Charities 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 06/2023, Velma Moore T W Charities generated $91.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $406.8k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Velma Moore T W Charities has awarded 40 individual grants totaling $2,243,290. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $155,980 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$64,525 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $57 |
| Total Revenue | $91,512 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $57,779 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,094 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,609 |
| Total operating and administrative expenses | $74,482 |
| Contributions, gifts, grants paid | $332,315 |
| Total expenses and disbursements | $406,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $203,219 |
| 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 | $4,812,629 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,774,698 |
| 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, Velma Moore T W Charities has awarded $332,315 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
THE SALVATION ARMY PURPOSE: GENERAL SUPPORT | $66,463 |
DIOCESE OF NORTHWESTERN PA PURPOSE: GENERAL SUPPORT | $66,463 |
YMCA CORRY CHAPTER PURPOSE: GENERAL SUPPORT | $66,463 |
ERIE COMMUNITY FOUNDATION FOR PURPOSE: GENERAL SUPPORT | $66,463 |
EMMANUEL EPISCOPAL CHURCH PURPOSE: GENERAL SUPPORT | $66,463 |