Charles C And Margaret M Fritts Scholarship Fund
- Assets
- $860.5k
- Revenue
- $34.3k
- Investments
- $836.3k
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 06/2004
- Data as of
- 12/2023
- EIN
- 20-6052070
Organization Overview
Charles C And Margaret M Fritts Scholarship Fund is located in Pittsburgh, PA. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Charles C And Margaret M Fritts Scholarship Fund 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, Charles C And Margaret M Fritts Scholarship Fund generated $34.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $63.8k during the year ending 12/2023. While expenses have increased by 2.7% per year over the past 8 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.
Since 2016, Charles C And Margaret M Fritts Scholarship Fund has awarded 66 individual grants totaling $274,156. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISSUED SCHOLARSHIPS TO 11 STUDENTS FOR STUDY AT VARIOUS INSTITUTIONS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,222 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,331 |
| Capital Gain Net Income | $10,331 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $785 |
| Total Revenue | $34,338 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,171 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $202 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,229 |
| Total operating and administrative expenses | $23,602 |
| Contributions, gifts, grants paid | $40,208 |
| Total expenses and disbursements | $63,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $24,217 |
| 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 | $836,311 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $860,528 |
| 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, Charles C And Margaret M Fritts Scholarship Fund has awarded $40,208 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
HUNTER HOLCOMB PURPOSE: SCHOLARSHIP | $4,007 |
LINDSAY SINES PURPOSE: SCHOLARSHIP | $53 |
CARLI CULVER PURPOSE: SCHOLARSHIP | $5,164 |
JULIE ENRIGHT PURPOSE: SCHOLARSHIP | $5,164 |
COLE ENRIGHT PURPOSE: SCHOLARSHIP | $5,164 |
ANDREW WHEELING PURPOSE: SCHOLARSHIP | $5,164 |