George Link Jr Foundation Inc
- Assets
- $34.1m
- Revenue
- $3.7m
- Investments
- $33.3m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 04/1981
- Data as of
- 12/2023
- EIN
- 13-3041396
Organization Overview
George Link Jr Foundation Inc is located in Pittsburgh, PA. The organization was established in 1981. 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. George Link Jr Foundation Inc 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 12/2023, George Link Jr Foundation Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 0.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Marie Troiano Secretary | 0 | $0 | |
Kerry M Link M D Vice President | 0 | $0 | |
Joseph M Samulski Treasurer | 0 | $0 | |
Wilbroda M Wilson President | 0 | $0 | |
John Ippolito President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $779,439 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,614,588 |
| Capital Gain Net Income | $2,614,588 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $262,309 |
| Total Revenue | $3,656,336 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,697 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $168,889 |
| Total operating and administrative expenses | $354,158 |
| Contributions, gifts, grants paid | $1,890,000 |
| Total expenses and disbursements | $2,244,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $647,050 |
| 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 | $33,343,511 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $62,350 |
| Total assets | $34,052,911 |
| 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 | $39,595 |
| Total liabilities | $39,595 |