Glade Run Foundation
- Assets
- $6.4m
- Revenue
- $1.5m
- Investments
- $415.6k
- Employees
- 0
- Location
- Zelienople, PA
- Founding
- 06/1994
- Data as of
- 06/2022
- 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 06/2022, Glade Run Foundation generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $669.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (17.7%) per year over the past 7 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
2022
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 |
|---|---|---|---|
Daniel Esterly Director/officer | OfficerTrustee | 1 | $0 |
Melissa Turner Director/officer | OfficerTrustee | 1 | $0 |
Seth Prentice Director/officer | OfficerTrustee | 1 | $0 |
Robert Finley Director/officer | OfficerTrustee | 1 | $0 |
Monika Tomko Director | Trustee | 1 | $0 |
Amanda Johnson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $14,327 |
| Membership dues | $0 |
| Fundraising events | $15,350 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $600,525 |
| Noncash contributions included in lines 1a–1f | $71,105 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $630,202 |
| Total Program Service Revenue | $0 |
| Investment income | $127,017 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $266,838 |
| Net Gain/Loss on Asset Sales | $462,347 |
| Net Income from Fundraising Events | $9,971 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,496,375 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $352,111 |
| 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 | $189,941 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,807 |
| Payroll taxes | $11,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,904 |
| Fees for services: Accounting | $14,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,640 |
| Fees for services: Other | $25,050 |
| Advertising and promotion | $0 |
| Office expenses | $11,054 |
| 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 | $669,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $427,146 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $165,524 |
| 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 | $2,153 |
| Net Land, buildings, and equipment | $205,349 |
| Investments—publicly traded securities | $5,151,341 |
| Investments—other securities | $415,625 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,367,138 |
| Accounts payable and accrued expenses | $19,351 |
| 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 | $517,195 |
| Total liabilities | $536,546 |
| Net assets without donor restrictions | $4,700,120 |
| Net assets with donor restrictions | $1,130,472 |
| 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 | $6,367,138 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Glade Run Foundation has recieved totaling $61,000.
| Awarding Organization | Amount |
|---|---|
Scaife Family Foundation West Palm Beach, FL PURPOSE: PROGRAM SUPPORT | $25,000 |
Philip And Patricia Muck Charitable Foundation Pittsburgh, PA PURPOSE: ST. STEPHEN'S LUTHERAN | $15,000 |
Howard & Nell E Miller Foundation 53795-4 Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $10,000 |
Mcelhattan Foundation Pittsburgh, PA PURPOSE: GLADE RUN LUTHERAN SERVICES | $10,000 |
Reldon & Hattie Cooper Charitable Foundation Saxonburg, PA PURPOSE: SPECIAL NEEDS CHILD PROGRAM EXPENSES | $1,000 |
Endowment Analysis
| Beg. Balance | $352,617 |
| Earnings | -$47,113 |
| Ending Balance | $305,504 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Womens Foundation New York, NY | $31,744,630 | $15,820,113 |
Ecumenical Enterprises Inc Dallas, PA | $29,362,494 | $14,819,334 |
Fund For The Aged Inc New York, NY | $109,939,296 | $8,972,478 |
Sdsn Association Inc New York, NY | $10,017,542 | $13,246,367 |
The Foundation For Enhancing Communities Harrisburg, PA | $107,592,484 | $47,434,480 |
Shear Family Foundation Inc Pittsburgh, PA | $193,925,105 | $4,615,784 |
Veterans Of Foreign Wars Of Ohio Charities Columbus, OH | $6,551,466 | $8,213,931 |
Greater Ridgewood Youth Council Inc Ridgewood, NY | $6,525,051 | $8,713,714 |
Rite Aid Healthy Futures Camp Hill, PA | $33,191,715 | $15,687,011 |
Glasswing International Usa Inc New York, NY | $37,699,055 | $11,179,883 |
The Samberg Family Foundation Katonah, NY | $0 | $4,486,499 |
Single Stop Usa Inc New York, NY | $4,715,111 | $5,987,742 |