Essa Bank & Trust Foundation
- Assets
- $5.9m
- Revenue
- $604.1k
- Investments
- $5.8m
- Employees
- 0
- Location
- Stroudsburg, PA
- Founding
- 01/2009
- Data as of
- 12/2022
- EIN
- 20-8227643
Organization Overview
Essa Bank & Trust Foundation is located in Stroudsburg, PA. The organization was established in 2009. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Essa Bank & Trust 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, Essa Bank & Trust Foundation generated $604.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 6.3% 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 2015, Essa Bank & Trust Foundation has awarded 282 individual grants totaling $8,973,356. 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 |
|---|---|---|---|
John E Burrus President/director | 0.19 | $600 | |
Stephanie A Lefferson Vp/treasurer/director | 7 | $14,935 | |
Gary Solson Director | 0.19 | $0 | |
Elizabeth B Weekes Director | 0.19 | $0 | |
Lois B Heckman Director | 0.19 | $600 | |
William P Douglass Director | 0.19 | $600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $40 |
| Dividends & Interest | $187,196 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $416,861 |
| Capital Gain Net Income | $416,861 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $604,097 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,800 |
| Other employee salaries and wages | $18,915 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $546 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $51,601 |
| Contributions, gifts, grants paid | $1,587,704 |
| Total expenses and disbursements | $1,639,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $141,748 |
| 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 | $222,377 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,906,988 |
| 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 | $2,837 |
| Total liabilities | $2,837 |
Grants Awarded
Over the last fiscal year, Essa Bank & Trust Foundation has awarded $1,587,704 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ALLENTOWN SYMPHONY ASSOCIATION PURPOSE: CAPITAL EQUIPMENT | $10,000 |
EAST STROUDBURG UNIVERSITY FOUNDATION PURPOSE: CAPITAL CAMPAIGN | $5,500 |
MONROE COUNTY HISTORICAL ASSOCIATION PURPOSE: CAPITAL CAMPAIGN | $1,000,000 |
NORTHAMPTON COMMUNITY COLLEGE FOUNDATION PURPOSE: CAPITAL CAMPAIGN | $83,000 |
UNIVERSITY OF SCRANTON PURPOSE: CAPITAL EQUIPMENT | $5,000 |
THE SALVATION ARMY PURPOSE: CAPITAL IMPROVEMENTS | $100,000 |