Glade Run Foundation
- Assets
- $7.2m
- Revenue
- $947.5k
- Investments
- $411.9k
- Employees
- 0
- Location
- Zelienople, PA
- Founding
- 06/1994
- Data as of
- 06/2023
- EIN
- 25-1731300
Organization Overview
Glade Run Foundation is located in Zelienople, PA. The organization was established in 1994. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glade Run 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 06/2023, Glade Run Foundation generated $947.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $769.3k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (14.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
GLADE RUN FOUNDATION RAISES, MANAGES, INVESTS, RE-INVESTS AND DISTRIBUTES FUNDS FOR THE BENEFIT OF THE GLADE RUN NON-PROFIT SYSTEM (GLADE RUN LUTHERAN SERVICES AND GLADE RUN), DIRECTING ITS EFFORTS TO SOLICITING CONTRIBUTIONS FROM CORPORATIONS, FOUNDATIONS, GOVERNMENT AND THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLADE RUN FOUNDATION WAS ORGANIZED FOR THE PURPOSE OF RAISING, MANAGING, INVESTING, & DISTRIBUTING FUNDS FOR THE BENEFIT OF THEIR AFFILIATE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Turner Chair/director | OfficerTrustee | 1 | $0 |
Robert Finley Treasurer/director | OfficerTrustee | 1 | $0 |
Seth Prentice Secretary/director | OfficerTrustee | 1 | $0 |
Janet Emery Director | Trustee | 1 | $0 |
Brian S Kane Director | Trustee | 1 | $0 |
Monika Tomko Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $8,225 |
| Membership dues | $0 |
| Fundraising events | $18,475 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $614,222 |
| Noncash contributions included in lines 1a–1f | $76,291 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $640,922 |
| Total Program Service Revenue | $0 |
| Investment income | $141,286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $205,187 |
| Net Gain/Loss on Asset Sales | -$52,388 |
| Net Income from Fundraising Events | $12,477 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $947,484 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $465,222 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $186,943 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,284 |
| Payroll taxes | $10,818 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,990 |
| Fees for services: Accounting | $14,212 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,767 |
| Fees for services: Other | $18,692 |
| Advertising and promotion | $0 |
| Office expenses | $5,897 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $769,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $684,514 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $145,569 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,292 |
| Net Land, buildings, and equipment | $205,349 |
| Investments—publicly traded securities | $5,705,414 |
| Investments—other securities | $411,865 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,165,003 |
| Accounts payable and accrued expenses | $25,596 |
| 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 | $612,511 |
| Total liabilities | $638,107 |
| Net assets without donor restrictions | $5,284,124 |
| Net assets with donor restrictions | $1,242,772 |
| 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 | $7,165,003 |