Trust C Under Will Of Norman C Ray Nect
- Assets
- $874.7k
- Revenue
- $29.4k
- Investments
- $689.2k
- Employees
- 0
- Location
- Allison Park, PA
- Founding
- 02/1978
- Data as of
- 12/2021
- EIN
- 25-6186356
Organization Overview
Trust C Under Will Of Norman C Ray Nect is located in Allison Park, PA. The organization was established in 1978. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2021, Trust C Under Will Of Norman C Ray Nect generated $29.4k 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 (22.9%) each year. All expenses for the organization totaled $150.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Trust C Under Will Of Norman C Ray Nect has awarded 40 individual grants totaling $692,000. 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
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Parker Trustee | 0 | $2,000 | |
Bruce George Jr Trustee | 0 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $136 |
| Dividends & Interest | $36,470 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,197 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,409 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $562 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $24,660 |
| Contributions, gifts, grants paid | $126,000 |
| Total expenses and disbursements | $150,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $185,480 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $874,668 |
| 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, Trust C Under Will Of Norman C Ray Nect has awarded $126,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
GIRLS HOPE OF PITTSBURGH PURPOSE: CHARITY | $25,000 |
Pittsburgh, PA PURPOSE: CHARITY | $25,000 |
Pittsburgh, PA PURPOSE: CHARITY | $25,000 |
Pittsburgh, PA PURPOSE: CHARITY | $25,000 |
THE CHUCK NOLL FOUNDATION PURPOSE: CHARITY | $25,000 |
Pittsburgh, PA PURPOSE: CHARITY | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clark Charitable Foundation Inc Bethesda, MD | $421,128,793 | $429,131,785 |
Kendeda Fund Wilmington, DE | $107,220,402 | $29,360,526 |
General Professional Liability Lass Fund Trust Agreement Pittsburgh, PA | $165,577,722 | $37,293,555 |
Jader Trust 4 New York, NY | $1,054,851,689 | $157,383,970 |
Rockefeller Family Fund Inc New York, NY | $156,631,848 | $43,772,368 |
Shapiro-Silverberg Foundation New York, NY | $41,665,129 | $24,069,378 |
Hess Philanthropic Fund New York, NY | $231,447,732 | $32,591,174 |
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Adp Foundation Roseland, NJ | $23,560,078 | $20,725,290 |
Foundation Berma New York, NY | $320,553,699 | $33,382,644 |