Isabel M Spackman Trust Nect
- Assets
- $1.1m
- Revenue
- $30.7k
- Investments
- $1.0m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 12/1972
- Data as of
- 12/2023
- EIN
- 23-7226511
Organization Overview
Isabel M Spackman Trust Nect is located in Pittsburgh, PA. The organization was established in 1972. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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.
For the year ending 12/2023, Isabel M Spackman Trust Nect generated $30.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $86.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Isabel M Spackman Trust Nect has awarded 44 individual grants totaling $396,677. 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 |
|---|---|---|---|
Pnc Bank N A Trustee | 4 | $15,649 | |
Edward M Watters 3rd ESQ Trustee | 1 | $3,912 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,376 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,343 |
| Capital Gain Net Income | $1,343 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $948 |
| Total Revenue | $30,667 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,561 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $246 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,422 |
| Total operating and administrative expenses | $38,864 |
| Contributions, gifts, grants paid | $47,275 |
| Total expenses and disbursements | $86,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $24,261 |
| 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 | $1,038,487 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,062,748 |
| 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, Isabel M Spackman Trust Nect has awarded $47,275 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
VISITING NURSES SOCIETY PURPOSE: GENERAL SUPPORT | $500 |
SAINT JOHN'S HOSPICE PURPOSE: FOOD PROGRAM | $6,775 |
EVELYN G ELEBY CO PNC BANK NA PURPOSE: FOR SUPPORT AND MAINTENANCE | $6,600 |
MONICA HOGARTH CO PNC BANK NA PURPOSE: FOR SUPPORT AND MAINTENANCE | $8,400 |
EPISCOPAL COMMUNITY SERVICES PURPOSE: EMERGENCY NEEDS GRANTS | $25,000 |