Matthew B Ridgway Mary A Ridgway And Matthew B Ridgway Jr Endowment
- Assets
- $3.3m
- Revenue
- $542.7k
- Investments
- $3.1m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 04/1998
- Data as of
- 12/2021
- EIN
- 23-7902844
Organization Overview
Matthew B Ridgway Mary A Ridgway And Matthew B Ridgway Jr Endowment is located in Pittsburgh, PA. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public 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. Matthew B Ridgway Mary A Ridgway And Matthew B Ridgway Jr Endowment 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, Matthew B Ridgway Mary A Ridgway And Matthew B Ridgway Jr Endowment generated $542.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $206.5k during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 6 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, Matthew B Ridgway Mary A Ridgway And Matthew B Ridgway Jr Endowment has awarded 40 individual grants totaling $1,162,734. 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 |
|---|---|---|---|
Mary E Mcfadden Director/vice-President | 2 | $7,140 | |
Robert G Lovett ESQ Director/president | 1 | $4,370 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $88,662 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $452,374 |
| Capital Gain Net Income | $452,374 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,624 |
| Total Revenue | $542,660 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,510 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,896 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,546 |
| Total operating and administrative expenses | $57,477 |
| Contributions, gifts, grants paid | $149,011 |
| Total expenses and disbursements | $206,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $204,192 |
| 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 | $2,533,883 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,280,344 |
| 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, Matthew B Ridgway Mary A Ridgway And Matthew B Ridgway Jr Endowment has awarded $149,011 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Lewisburg, PA PURPOSE: GENERAL SUPPORT | $37,253 |
PITT-MATTHEW B RIDGEWAY CTR PURPOSE: GENERAL SUPPORT | $37,253 |
Lexington, VA PURPOSE: GENERAL SUPPORT | $37,253 |
RIDGWAY ENDOWMENT FUND PURPOSE: GENERAL SUPPORT | $18,626 |
82ND AIRBORNE DIV HIST SOC PURPOSE: GENERAL SUPPORT | $18,626 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Cincinnati Foundation Cincinnati, OH | $616,325,698 | $119,970,948 |
Johnson Charitable Gift Fund Cincinnati, OH | $240,192,248 | $106,272,377 |
Young Mens Christian Association Of Greater Cincinnati Cincinnati, OH | $89,901,831 | $29,563,808 |
Keren Keshet-The Rainbow Foundation New York, NY | $212,134,789 | $28,921,665 |
Roswell Park Alliance Foundation Buffalo, NY | $159,422,911 | $37,424,046 |
World Of Giving Inc Spring Valley, NY | $6,086,190 | $25,054,815 |
Chapel & York Us Foundation Inc New York, NY | $7,715,489 | $28,773,311 |
Give Lively Foundation Inc New York, NY | $21,044,109 | $22,415,300 |
Independent Charitable Gift Fund Hudson, OH | $203,452,465 | $150,370,213 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |