J Russell Fawley Charitable Trust
- Assets
- $14.8m
- Revenue
- $1.7m
- Investments
- $14.3m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 10/1973
- Data as of
- 03/2022
- EIN
- 23-2120148
Organization Overview
J Russell Fawley Charitable Trust is located in Pittsburgh, PA. The organization was established in 1973. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J Russell Fawley Charitable Trust 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 03/2022, J Russell Fawley Charitable Trust generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $885.4k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $356,638 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,352,497 |
| Capital Gain Net Income | $1,352,497 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,622 |
| Total Revenue | $1,713,757 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $122,258 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,820 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,539 |
| Total operating and administrative expenses | $176,617 |
| Contributions, gifts, grants paid | $708,822 |
| Total expenses and disbursements | $885,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $499,187 |
| 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 | $8,935,646 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,818,823 |
| 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 |
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The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
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College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |