Raymond & Laura Fallona Charitable Foundation
- Assets
- $4.8m
- Revenue
- $312.9k
- Investments
- $4.8m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 08/1992
- Data as of
- 12/2022
- EIN
- 04-6580695
Organization Overview
Raymond & Laura Fallona Charitable Foundation is located in Pittsburgh, PA. The organization was established in 1992. 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. Raymond & Laura Fallona Charitable 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, Raymond & Laura Fallona Charitable Foundation generated $312.9k 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 (7.5%) each year. All expenses for the organization totaled $445.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Raymond & Laura Fallona Charitable Foundation has awarded 23 individual grants totaling $1,342,574. 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 | $137,017 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $175,899 |
| Capital Gain Net Income | $175,899 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $312,916 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $69,655 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,782 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70 |
| Total operating and administrative expenses | $91,507 |
| Contributions, gifts, grants paid | $353,510 |
| Total expenses and disbursements | $445,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,806 |
| 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 | $4,817,221 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,837,027 |
| 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, Raymond & Laura Fallona Charitable Foundation has awarded $353,510 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
COVENANT HEALTH SYSTEMS PURPOSE: GENERAL OPERATING PURPOSES | $70,702 |
CATH CHARIT BUR ARCHDIOCESE OF PURPOSE: GENREAL OPERATING PURPOSES | $35,351 |
CATHOLIC ARCHDIOCESE OF PURPOSE: GENERAL OPERATING PURPOSES | $70,702 |
ST PATRICK'S MANOR PURPOSE: GENERAL OPERATING PURPOSES | $35,351 |
FRANCISCAN ORDER OF ST CLARE PURPOSE: GENERAL OPERATING PURPOSES | $35,351 |
DISCALCED CARMELITE FATHERS PURPOSE: GENERAL OPERATING PURPOSES | $106,053 |