Ren D Latchaw And Dorothy Mary Latchaw Charitable Trust
- Assets
- $4.9m
- Revenue
- $1.8m
- Investments
- $4.6m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 01/1998
- Data as of
- 12/2021
- EIN
- 23-7895230
Organization Overview
Ren D Latchaw And Dorothy Mary Latchaw Charitable Trust is located in Pittsburgh, PA. The organization was established in 1998. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Ren D Latchaw And Dorothy Mary Latchaw 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 12/2021, Ren D Latchaw And Dorothy Mary Latchaw Charitable Trust generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 45.9% each year . All expenses for the organization totaled $235.5k during the year ending 12/2021. While expenses have increased by 2.2% per year over the past 5 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, Ren D Latchaw And Dorothy Mary Latchaw Charitable Trust has awarded 16 individual grants totaling $736,251. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $121,531 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,654,654 |
| Capital Gain Net Income | $1,654,654 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,776,185 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $39,910 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,622 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4 |
| Total operating and administrative expenses | $42,536 |
| Contributions, gifts, grants paid | $192,955 |
| Total expenses and disbursements | $235,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $246,678 |
| 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 | $4,619,788 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,751 |
| Total assets | $4,868,217 |
| 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, Ren D Latchaw And Dorothy Mary Latchaw Charitable Trust has awarded $192,955 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BPOE ELKS 110 CHARITY COMMITTEE PURPOSE: GENERAL SUPPORT AND | $80,398 |
1ST BAPTIST CHURCH OF FRANKLIN PURPOSE: GENERAL SUPPORT | $64,318 |
SHRINERS HOSPITALS FOR CHILDR PURPOSE: GENERAL SUPPORT | $32,364 |
Franklin, PA PURPOSE: GENERAL SUPPORT | $15,875 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Candid New York, NY | $88,006,038 | $55,202,801 |
Ohio Shared Information Services Inc Cincinnati, OH | $9,673,672 | $26,206,516 |
Npt Charitable Asset Tr Jenkintown, PA | $16,456,984 | $30,273,580 |
Players Philanthropy Fund Towson, MD | $12,344,741 | $23,235,628 |
Rofeh Cholim Cancer Society Inc Brooklyn, NY | $24,523,868 | $22,653,682 |
Joseph & Florence Mandel Family Foundation - Weinberg Family Fund Cleveland, OH | $181,897,996 | $22,134,878 |
Peter Schub Foundation New York, NY | $153,451 | $8,498,000 |
Queens College Special Projects Fund Inc Flushing, NY | $53,656,603 | $7,071,081 |
Global Impact Investing Network Inc New York, NY | $6,619,298 | $6,380,097 |
Fannie E Rippel Foundation Morristown, NJ | $0 | $6,091,281 |
The@joseph And Florence Mandel Family Foundation-Michele M And Cleveland, OH | $143,259,703 | $19,572,691 |
Psalms Foundation Cincinnati, OH | $2,676,117 | $10,777,846 |