Frances & Edwin Cummings Memorial
- Assets
- $45.9m
- Revenue
- $1.8m
- Investments
- $45.4m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 03/1984
- Data as of
- 07/2024
- EIN
- 13-6814491
Organization Overview
Frances & Edwin Cummings Memorial is located in Pittsburgh, PA. The organization was established in 1984. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frances & Edwin Cummings Memorial 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 07/2024, Frances & Edwin Cummings Memorial generated $1.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $2.1m during the year ending 07/2024. While expenses have increased by 0.6% per year over the past 5 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bny Mellon N A Co-Trustee | 1 | $171,721 | |
J Andrew Lark ESQ Co-Trustee | 35 | $74,424 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bny Mellon N A | 7/30/23 | $161,874 |
J Andrew Lark Esq | 7/30/23 | $68,209 |
Bny Mellon N A | 7/30/23 | $0 |
J Andrew Lark Esq | 7/30/23 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,276,779 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $458,310 |
| Capital Gain Net Income | $458,310 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $78,825 |
| Total Revenue | $1,813,914 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $246,145 |
| Other employee salaries and wages | $188,170 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,051 |
| Depreciation | $0 |
| Occupancy | $93,811 |
| Travel, conferences, and meetings | $4,220 |
| Printing and publications | $0 |
| Other expenses | $28,396 |
| Total operating and administrative expenses | $576,293 |
| Contributions, gifts, grants paid | $1,522,000 |
| Total expenses and disbursements | $2,098,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,315 |
| Savings and temporary cash investments | $526,819 |
| 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 | $45,363,241 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $45,906,375 |
| 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 |