Saltsgiver Family Foundation
- Assets
- $6.3m
- Revenue
- $722.8k
- Investments
- $1.5m
- Employees
- 0
- Location
- Williamsport, PA
- Founding
- 10/1995
- Data as of
- 12/2022
- EIN
- 23-2803397
Organization Overview
Saltsgiver Family Foundation is located in Williamsport, PA. The organization was established in 1995. 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. Saltsgiver Family 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, Saltsgiver Family Foundation generated $722.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $995.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Saltsgiver Family Foundation has awarded 120 individual grants totaling $7,074,500. 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 |
|---|---|---|---|
Thomas M Saltsgiver President | 0 | $0 | |
Joann Saltsgiver Sect/trea | 0 | $0 | |
Harold Kropp CFO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $853,000 |
| Interest on Savings | $2,978 |
| Dividends & Interest | $168,641 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$302,162 |
| Capital Gain Net Income | $108,137 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $304 |
| Total Revenue | $722,761 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,109 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,935 |
| Total operating and administrative expenses | $5,044 |
| Contributions, gifts, grants paid | $990,000 |
| Total expenses and disbursements | $995,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,744,994 |
| Net Accounts receivable | $5,437 |
| 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 | $8,064 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,254,560 |
| 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, Saltsgiver Family Foundation has awarded $990,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
CHRSITIAN BROADCAST NETWO PURPOSE: PUBLIC CHARITY | $500,000 |
REGENT UNIVERSITY PURPOSE: PUBLIC CHARITY | $10,000 |
SALVATION ARMY PURPOSE: PUBLIC CHARITY | $15,000 |
ORPHAN'S PROMISE PURPOSE: PUBLIC CHARTY | $25,000 |
AMERICAN RESCUE WORKERS PURPOSE: PUBLIC CHARITY | $15,000 |
VOICE IF THE MARTYRS PURPOSE: PUBLIC CHARITY | $5,000 |