Virginia Shoemaker Trax Trust
- Assets
- $6.3m
- Revenue
- $163.6k
- Investments
- $6.2m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 10/1998
- Data as of
- 12/2022
- EIN
- 23-7903348
Organization Overview
Virginia Shoemaker Trax Trust is located in Pittsburgh, PA. The organization was established in 1998. 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. Virginia Shoemaker Trax 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 12/2022, Virginia Shoemaker Trax Trust generated $163.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (23.6%) each year. All expenses for the organization totaled $482.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Virginia Shoemaker Trax Trust has awarded 147 individual grants totaling $1,363,739. 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 |
|---|---|---|---|
Robert W Mcfate Esquire Co-Trustee | 1 | $34,163 | |
Bny Mellon N A Trustee | 1 | $70,679 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $172,229 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,594 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $163,635 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $104,842 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24,348 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $129,190 |
| Contributions, gifts, grants paid | $353,624 |
| Total expenses and disbursements | $482,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$9,044 |
| Savings and temporary cash investments | $122,049 |
| 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 | $6,175,072 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,288,077 |
| 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, Virginia Shoemaker Trax Trust has awarded $353,624 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
BETHEL UNITED METHODIST CHURCH PURPOSE: GENERAL OPERATING | $21,429 |
PENN STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $3,000 |
FASHION INSTITUE OF TECHNOLOGY PURPOSE: SCHOLARSHIP | $1,000 |
WEST VIRGINIA UNIVERSITY PURPOSE: SCHOLARSHIP | $1,000 |
UNITED WAY WORLDWIDE PURPOSE: GENERAL OPERATING | $1,250 |
YOUNGSTOWN STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $4,000 |