Theresa And Edward Otoole Foundation
- Assets
- $62.2m
- Revenue
- $4.1m
- Investments
- $60.4m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 11/1971
- Data as of
- 06/2023
- EIN
- 13-6350175
Organization Overview
Theresa And Edward Otoole Foundation is located in Pittsburgh, PA. The organization was established in 1971. 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. Theresa And Edward Otoole Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Theresa And Edward Otoole Foundation has awarded 145 individual grants totaling $11,348,770. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bert Degheri Co-Trustee | 2 | $231,761 | |
Bny Mellon N A Trustee | 1 | $504,475 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bny Mellon N A | 6/29/23 | $504,475 |
Bert Degheri | 6/29/23 | $231,761 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,781,443 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $294,802 |
| Capital Gain Net Income | $294,802 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,076,245 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $736,236 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $34,513 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,500 |
| Total operating and administrative expenses | $772,249 |
| Contributions, gifts, grants paid | $2,545,000 |
| Total expenses and disbursements | $3,317,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,798,136 |
| 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 | $60,366,378 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $62,164,514 |
| 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, Theresa And Edward Otoole Foundation has awarded $2,545,000 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
PROVIDENCE HOUSE PURPOSE: GENERAL OPERATING | $30,000 |
OFFICE OF CONCERN FOOD PANTRY PURPOSE: GENERAL OPERATING | $15,000 |
MAYFIELD JUNIOR SCHOOL PURPOSE: GENERAL OPERATING | $100,000 |
SISTERS OF ST DOMINIC OF BLAUVELT NY PURPOSE: GENERAL OPERATING | $10,000 |
SISTERS OF ST DOMINIC OF CALDWELL NJ PURPOSE: GENERAL OPERATING | $75,000 |
LSA FAMILY HEALTH SERVICE PURPOSE: GENERAL OPERATING | $25,000 |