Rossin Foundation
- Assets
- $44.4m
- Revenue
- $6.2m
- Investments
- $42.9m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 09/1989
- Data as of
- 12/2021
- EIN
- 25-6327217
Organization Overview
Rossin Foundation is located in Pittsburgh, PA. The organization was established in 1989. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, 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. Rossin 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 12/2021, Rossin Foundation generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $6.7m during the year ending 12/2021. While expenses have increased by 22.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rossin Foundation has awarded 191 individual grants totaling $15,904,124. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Campbell Harmon Secretary & Trustee | 2 | $53,720 | |
Peter N Stephans President & Trustee | 0 | $0 | |
Katherine Dec Trustee | 0 | $0 | |
Joan R Stephans Chairperson & Trustee | 0 | $0 | |
Robert J Lally Asst. Treasurer & Trustee | 2 | $0 | |
Elizabeth Stephans Baker Treasurer & Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,516,897 |
| Interest on Savings | $0 |
| Dividends & Interest | $768,151 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,876,487 |
| Capital Gain Net Income | $2,876,487 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,161,535 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $53,720 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $17 |
| Taxes | $21,214 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $274 |
| Total operating and administrative expenses | $352,296 |
| Contributions, gifts, grants paid | $6,373,801 |
| Total expenses and disbursements | $6,726,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,536,920 |
| Net Accounts receivable | $27,530 |
| 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 | $44,448,122 |
| Accounts payable and accrued expenses | $81,131 |
| Grants payable | $5,595,193 |
| 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 | $5,676,324 |
Grants Awarded
Over the last fiscal year, Rossin Foundation has awarded $7,145,209 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
UPMC - CHILDREN'S HOSPITAL OF PITTSBURGH PURPOSE: GENERAL PURPOSE | $5,000,000 |
CARNEGIE MUSEUMS OF PITTSBURGH PURPOSE: GENERAL PURPOSE | $500,000 |
Pittsburgh, PA PURPOSE: GENERAL PURPOSE | $400,000 |
Pittsburgh, PA PURPOSE: GENERAL PURPOSE | $350,000 |
UNIVERSITY OF PITTSBURGH AT TITUSVILLE PURPOSE: GENERAL PURPOSE | $250,000 |
Bethlehem, PA PURPOSE: GENERAL PURPOSE | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
Community Foundations Of The Hudson Valley Poughkeepsie, NY | $96,104,226 | $20,607,422 |
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Greater Kanawha Valley Foundation Charleston, WV | $329,426,372 | $27,972,481 |
Community Foundation Of Herkimer And Oneida Counties Inc Utica, NY | $207,402,752 | $30,922,448 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
Community Foundation Of Frederick County Maryland Incorporated Frederick, MD | $137,281,850 | $16,443,346 |
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Community Foundation Of Western Pennsylvania And Eastern Ohio Sharon, PA | $123,167,161 | $16,344,885 |
York County Community Foundation York, PA | $208,424,639 | $17,313,520 |
Community Foundation Of The Eastern Shore Inc Salisbury, MD | $144,509,312 | $16,050,496 |
Community Foundation Of Lorain County Elyria, OH | $163,012,004 | $27,165,624 |