Pressley Ridge Foundation
- Assets
- $64.4m
- Revenue
- $2.6m
- Investments
- $49.5k
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 04/1991
- Data as of
- 06/2021
- EIN
- 25-1653944
Organization Overview
Pressley Ridge Foundation is located in Pittsburgh, PA. The organization was established in 1991. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Pressley Ridge Foundation 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 06/2021, Pressley Ridge Foundation generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (18.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Pressley Ridge Foundation has awarded 18 individual grants totaling $25,114,208. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT TO PRESSLEY RIDGE, A RELATED NON-PROFIT ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESSLEY RIDGE RESEARCH SUPPORT.
PRESSLEY RIDGE AND PRESSLEY RIDGE - MARYLAND OPERATION SUPPORT.
CASH ASSISTANCE TO CHILDREN AND FAMILIES SERVED BY PRESSLEY RIDGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas A Mullins CPA Cfo/treasurer | OfficerTrustee | 2 | $0 |
Susanne Cole President/ceo/secretary | OfficerTrustee | 2 | $0 |
John D Culbertson Chairperson | OfficerTrustee | 2 | $0 |
Sandra Tomlinson Vice Chairperson | OfficerTrustee | 1 | $0 |
Robert Butter Director | Trustee | 1 | $0 |
Sherin H Knowles Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $889,810 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $889,810 |
| Total Program Service Revenue | $0 |
| Investment income | $1,152,563 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $456,222 |
| Net Income from Fundraising Events | $82,796 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,581,391 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,090,187 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $180,999 |
| Compensation of current officers, directors, key employees. | $59,338 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $464,228 |
| Pension plan accruals and contributions | $32,093 |
| Other employee benefits | $35,247 |
| Payroll taxes | $37,653 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,683 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,675 |
| Fees for services: Other | $174,538 |
| Advertising and promotion | $17,305 |
| Office expenses | $11,645 |
| Information technology | $4,784 |
| Royalties | $0 |
| Occupancy | $27,647 |
| Travel | $1,035 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,606 |
| All other expenses | $97,262 |
| Total functional expenses | $2,325,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $559,260 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $49,791 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,310,463 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $59,168,373 |
| Investments—other securities | $49,536 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $224,916 |
| Total assets | $64,362,339 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $784,164 |
| Total liabilities | $784,164 |
| Net assets without donor restrictions | $53,260,146 |
| Net assets with donor restrictions | $10,318,029 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $64,362,339 |
Grants Awarded
Over the last fiscal year, Pressley Ridge Foundation has awarded $1,090,187 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Pittsburgh, PA PURPOSE: TO ASSIST PRESSLEY RIDGE OPERATIONS, RESEARCH SUPPORT, AND CASH ASSISTANCE TO CHILDREN AND FAMILIES SERVED BY PRESSLEY RIDGE | $965,781 |
Pittsburgh, PA PURPOSE: TO ASSIST PRESSLEY RIDGE MARYLAND OPERATIONS. | $124,406 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Pressley Ridge Foundation has recieved totaling $151,704.
| Awarding Organization | Amount |
|---|---|
Ticket To Dream Foundation Roseville, CA PURPOSE: FOSTER KIDS PROGRAM | $69,481 |
Robert H Reakirt Fdn Equities 532h-70700010276043 Pittsburgh, PA PURPOSE: CINCY-CLINICAL THERAPY | $35,000 |
Laffey-Mchugh Foundation Wilmington, DE PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
The United Way Of Southwestern Pennsylvania Pittsburgh, PA PURPOSE: DONOR DESIGNATION PR | $10,795 |
Pittsburgh Foundation Pittsburgh, PA PURPOSE: EDUCATION | $10,428 |
Burke Foundation Pittsburgh, PA PURPOSE: GENERAL | $500 |
Endowment Analysis
| Beg. Balance | $6,458,860 |
| Earnings | $3,225,061 |
| Other Expense | $163,798 |
| Ending Balance | $9,520,123 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
University Of Maryland Obstetrical And Gynecological Associates P A Baltimore, MD | $13,649,114 | $19,437,289 |
Kent State University Foundation Kent, OH | $245,939,628 | $27,886,498 |
Unidel Foundation Inc Greenville, DE | $452,249,782 | $36,851,681 |
Hunter College Foundation Inc New York, NY | $144,509,988 | $37,248,838 |
University Of Akron Foundation Akron, OH | $205,506,114 | $14,662,521 |
Educational Foundation Of America Bethesda, MD | $294,733,951 | $32,812,396 |
The American Friends Of Winchester College New York, NY | $259,900 | $15,435,931 |
Friends Of@ascend Charter Schools Inc Brooklyn, NY | $51,013,536 | $16,135,870 |
Rowan University Foundation Inc Glassboro, NJ | $339,808,677 | $39,224,287 |
Equitable Facilities Fund Inc New York, NY | $843,754,758 | $34,535,002 |
School Employees Benefit Trust Cincinnati, OH | $16,584,284 | $19,989,967 |