Rossin Foundation
- Assets
- $43.7m
- Revenue
- $3.1m
- Investments
- $42.4m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 09/1989
- Data as of
- 12/2023
- 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 12/2023, Rossin Foundation generated $3.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rossin Foundation has awarded 250 individual grants totaling $20,938,469. 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 |
|---|---|---|---|
Joan R Stephans Chairperson & Trustee | 0 | $0 | |
Peter N Stephans President & Trustee | 0 | $0 | |
Elizabeth Stephans Baker Trustee | 0 | $0 | |
Katherine Dec Trustee | 0 | $0 | |
John Campbell Harmon Trustee | 2 | $40,809 | |
Robert J Lally Treasurer & Trustee | 2 | $40,809 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,061,729 |
| Interest on Savings | $0 |
| Dividends & Interest | $984,675 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,839 |
| Capital Gain Net Income | $41,839 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,088,243 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $81,618 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $330 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,232 |
| Printing and publications | $0 |
| Other expenses | $5,339 |
| Total operating and administrative expenses | $371,685 |
| Contributions, gifts, grants paid | $762,957 |
| Total expenses and disbursements | $1,134,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,179,241 |
| Net Accounts receivable | $33,588 |
| 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 | $43,655,393 |
| Accounts payable and accrued expenses | $76,191 |
| Grants payable | $2,971,134 |
| 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 | $3,047,325 |
Grants Awarded
Over the last fiscal year, Rossin Foundation has awarded $1,863,395 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
ALPHA CHI OMEGA EDUCATIONAL ASSISTANCE FUND PURPOSE: GENERAL PURPOSE | $50,000 |
BEATRICE INSTITUTE PURPOSE: GENERAL PURPOSE | $5,000 |
CENTER FOR ALUMNI RELATIONS AND ADVANCEMENT PURPOSE: GENERAL PURPOSE | $50,000 |
COMMONWEALTH FOUNDATION FOR PUBLIC POLICIES PURPOSE: GENERAL PURPOSE | $60,000 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: GENERAL PURPOSE | $5,000 |
FAMILY HOSPICE & PALLIATIVE CARE PURPOSE: GENERAL PURPOSE | $1,000 |