Laughlin Memorial Incorporated
- Assets
- $3.3m
- Revenue
- $730.5k
- Investments
- $2.8m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 08/1948
- Data as of
- 12/2021
- EIN
- 25-1072140
Organization Overview
Laughlin Memorial Incorporated is located in Pittsburgh, PA. The organization was established in 1948. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laughlin Memorial Incorporated 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, Laughlin Memorial Incorporated generated $730.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $276.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Laughlin Memorial Incorporated has awarded 111 individual grants totaling $1,342,112. 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
SINCE 1928 LAUGHLIN MEMORIAL HAS PROVIDED FUNDS FOR THE REPAIRS AND MAINTENANCE OF THE LAUGHLIN MEMORIAL FREE LIBRARY IN AMBRIDGE PA. OTHER EXPENSES INCLUDE GENERAL, INVESTMENT MANAGEMENT FEES, TRAVEL CONFERENCES, MEETINGS AND INSURANCE.
FUNDS IN EXCESS OF ACTIVITY ONE ARE CONTRIBUTED TO VARIOUS CHARITABLE ORGANIZATIONS IN AMBRIDGE, SEWICKLEY AND THE SURROUNDING AREAS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd A Sacco Trustee | 10 | $24,500 | |
Alexander M Laughlin Trustee | 0 | $0 | |
David W Laughlin Trustee | 0 | $0 | |
Robert E Taggart Trustee | 0 | $0 | |
Doug Florey Trustee | 0 | $0 | |
Mary Laughlin Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,706 |
| Interest on Savings | $74 |
| Dividends & Interest | $55,661 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $663,019 |
| Capital Gain Net Income | $663,019 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $730,460 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,856 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,545 |
| Total operating and administrative expenses | $70,781 |
| Contributions, gifts, grants paid | $205,256 |
| Total expenses and disbursements | $276,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $19,931 |
| 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 | $825,094 |
| Net Land, buildings, and equipment | $285,302 |
| Other assets | $194,920 |
| Total assets | $3,346,409 |
| 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, Laughlin Memorial Incorporated has awarded $205,256 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Ambridge, PA PURPOSE: OPERATING BUDGET | $105,256 |
Sewickley, PA PURPOSE: OPERATING BUDGET | $35,000 |
Ambridge, PA PURPOSE: OPERATING BUDGET | $15,000 |
LIFESTEPS OF BEAVER COUNTY INC PURPOSE: OPERATING BUDGET | $15,000 |
MERAKEY ALLEGHENY VALLEY SCHOOL PURPOSE: OPERATING BUDGET | $7,500 |
Ambridge, PA PURPOSE: OPERATING BUDGET | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Historical Society New York, NY | $208,003,318 | $56,360,280 |
John E Andrus Memorial Inc Hastingsonhudson, NY | $34,101,989 | $32,146,743 |
Seventh Regiment Armory Conservancy Inc New York, NY | $306,083,724 | $25,857,761 |
Ohio Historical Society Columbus, OH | $7,345,353 | $25,940,986 |
American Society For Yad Vashem Inc New York, NY | $98,978,221 | $39,756,518 |
Friends Of The High Line Inc New York, NY | $106,621,000 | $20,114,000 |
World Monuments Fund Inc New York, NY | $56,711,356 | $20,259,179 |
Historic Hudson Valley Pocantico Hills, NY | $88,361,473 | $19,006,453 |
Franklin County Historical Society Columbus, OH | $23,539,656 | $19,471,266 |
The Fort Ticonderoga Association Inc Ticonderoga, NY | $22,583,346 | $10,084,437 |
Historical Society Of Western Pennsylvania Pittsburgh, PA | $61,152,096 | $7,849,869 |
Statue Of Liberty Ellis Island Foundation Inc New York, NY | $69,211,443 | $8,809,212 |