Carnegie Hero Fund Commission
- Assets
- $66.2m
- Revenue
- $2.4m
- Investments
- $66.2m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 09/1944
- Data as of
- 12/2021
- EIN
- 25-1062730
Organization Overview
Carnegie Hero Fund Commission is located in Pittsburgh, PA. The organization was established in 1944. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Carnegie Hero Fund Commission 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, Carnegie Hero Fund Commission generated $2.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 4 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 2020, Carnegie Hero Fund Commission has awarded 339 individual grants totaling $2,117,561. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
MONTHLY GRANTS AND DISABLEMENT BENEFITS TO HERO SURVIVORS AND TO HEROES WHO HAVE BEEN INJURED WHILE PERFORMING ACTS OF HEROISM. TOTAL 52 RECIPIENTS.
HEROIC RECOGNITION AWARDS, WHICH ARE GRANTS PAID TO THE YEAR'S AWARDEES OR THEIR SURVIVORS IN RECOGNITION OF OUTSTANDING ACTS OF HEROISM. FUNERAL BENEFITS PAID ON BEHALF OF HEROES WHO DIED PERFORMING HEROIC ACTS. TOTAL 86 RECIPIENTS.
EDUCATIONAL BENEFITS PAID TO HEROES AND TO THE SURVIVING DEPENDENTS OF HEROES. TOTAL 19 RECIPIENTS.
MEDALS & CERTIFICATES: BRONZE-MINTED MEDALS PRESENTED IN WOODEN CASES AND CERTIFICATES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric P Zahren President/secretary | 40 | $155,008 | |
Jeff Dooley Investigations Manag | 40 | $116,700 | |
Susan Rizza Case Investigator | 40 | $81,048 | |
Joseph Mandak Case Investigator | 40 | $73,092 | |
Julia Phraner Case Investigator | 40 | $59,722 | |
Chris Foreman Case Investigator | 40 | $55,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $26,724 |
| Interest on Savings | $0 |
| Dividends & Interest | $75,276 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,078,516 |
| Capital Gain Net Income | $9,356,797 |
| Net ST Capital Gain | $802,878 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $226,650 |
| Total Revenue | $2,407,166 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $159,208 |
| Other employee salaries and wages | $531,923 |
| Pension plans, employee benefits | $158,988 |
| Interest | $0 |
| Taxes | $53,069 |
| Depreciation | $0 |
| Occupancy | $91,882 |
| Travel, conferences, and meetings | $8,273 |
| Printing and publications | $20,782 |
| Other expenses | $143,297 |
| Total operating and administrative expenses | $1,211,800 |
| Contributions, gifts, grants paid | $1,041,629 |
| Total expenses and disbursements | $2,253,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,303 |
| Savings and temporary cash investments | $0 |
| 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 | $64,400,066 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $66,172,990 |
| 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, Carnegie Hero Fund Commission has awarded $1,135,129 in support to 175 organizations.
| Grant Recipient | Amount |
|---|---|
BRAVE OF HEART FUND ID 3750 PURPOSE: HEROIC RECOGNITION AWARDS | $100,000 |
MEDALS AND CERTIFICATES AWARDED FOR PURPOSE: MEDALS AND CERTIFICATES | $43,435 |
JADA M GOMILLIA PURPOSE: EDUCATIONAL BENEFITS | $33,000 |
HENRY GRANT PURPOSE: EDUCATIONAL BENEFITS | $26,625 |
LAUREN WINSTEAD PURPOSE: EDUCATIONAL BENEFITS | $25,000 |
CONNOR WILLIAMS QUICK PURPOSE: EDUCATIONAL BENEFITS | $18,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |