Mcelhattan Foundation
- Assets
- $120.3m
- Revenue
- $4.9m
- Investments
- $117.6m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 03/1995
- Data as of
- 06/2022
- EIN
- 25-1756557
Organization Overview
Mcelhattan Foundation is located in Pittsburgh, PA. The organization was established in 1995. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Mcelhattan 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, Mcelhattan Foundation generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 68.4% each year . All expenses for the organization totaled $8.5m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mcelhattan Foundation has awarded 286 individual grants totaling $28,618,101. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lesley Carlin Executive Director | 0 | $133,926 | |
Shirley Mcelhattan Director | 0 | $0 | |
Elaine L Bonoma Director | 0 | $0 | |
Kent D Mcelhattan President & Director | 0 | $0 | |
Larry S Blair Director | 0 | $0 | |
Erin Mcelhattan Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $125,606 |
| Dividends & Interest | $2,549,534 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,247,223 |
| Capital Gain Net Income | $2,247,223 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $77 |
| Total Revenue | $4,922,440 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $133,926 |
| Other employee salaries and wages | $188,332 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $290,067 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $12,919 |
| Printing and publications | $0 |
| Other expenses | $56,573 |
| Total operating and administrative expenses | $1,327,865 |
| Contributions, gifts, grants paid | $7,187,310 |
| Total expenses and disbursements | $8,515,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,918 |
| Savings and temporary cash investments | $2,490,956 |
| 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 | $9,605,541 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $120,280,311 |
| 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, Mcelhattan Foundation has awarded $7,187,310 in support to 86 organizations.
| Grant Recipient | Amount |
|---|---|
Itasca, IL PURPOSE: GENERAL SUPPORT (THREE YEAR GRANT) | $1,000,000 |
Pittsburgh, PA PURPOSE: GENERAL SUPPORT ($500,000) FOUR YEAR GRANT, $87,498 TWO YEAR GRANT, GENERAL SUPPORT ($190,317) | $777,815 |
THE GEORGE WASHINGTON UNIVERSITY PURPOSE: GENERAL SUPPORT | $525,388 |
UNITED WAY OF GREATER PITTSBURGH PURPOSE: GENERAL SUPPORT (MULTI-YEAR GRANT) | $500,000 |
KNOX AREA VOLUNTEER AMBULANCE COMPANY PURPOSE: GENERAL SUPPORT | $500,000 |
FAME PURPOSE: GENERAL SUPPORT | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
Achieving The Dream Inc Silver Spring, MD | $48,979,373 | $23,156,070 |
Camc Health Education And Research Institute Inc Charleston, WV | $10,132,150 | $15,955,209 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
Collier Services Wickatunk, NJ | $8,471,748 | $15,685,679 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Childrens Center For Developmental Enrichment Westerville, OH | $12,309,399 | $12,926,419 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |
Hyde Leadership Charter School-Brooklyn Brooklyn, NY | $3,932,564 | $12,878,236 |
Onward Israel Internships And Opportunities Ltd New York, NY | $897,895 | $11,379,184 |
Families For Excellent Schools Inc Wilmington, DE | $10,176 | $5,945,808 |