George R And Janet E Desko Charitable Foundation
- Assets
- $2.6m
- Revenue
- $324.8k
- Investments
- $2.6m
- Employees
- 0
- Location
- Latrobe, PA
- Founding
- 08/2008
- Data as of
- 11/2023
- EIN
- 26-1629061
Organization Overview
George R And Janet E Desko Charitable Foundation is located in Latrobe, PA. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. George R And Janet E Desko Charitable 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 11/2023, George R And Janet E Desko Charitable Foundation generated $324.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $146.0k during the year ending 11/2023. While expenses have increased by 0.5% per year over the past 7 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, George R And Janet E Desko Charitable Foundation has awarded 414 individual grants totaling $1,083,542. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George R Desko Trustee | 0.4 | $0 | |
Janet E Desko Trustee | 0.7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,675 |
| Interest on Savings | $0 |
| Dividends & Interest | $162,752 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $159,394 |
| Capital Gain Net Income | $159,394 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $324,821 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,725 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,400 |
| Contributions, gifts, grants paid | $141,602 |
| Total expenses and disbursements | $146,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,990 |
| Savings and temporary cash investments | $7,643 |
| 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 | $186,213 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,641,460 |
| 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, George R And Janet E Desko Charitable Foundation has awarded $141,602 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
ACTION FOR ANIMALS PURPOSE: DONATION | $500 |
CENTER COUNTY PAWS PURPOSE: DONATION | $1,250 |
CHARLESTON ANIMAL SOCIETY PURPOSE: DONATION | $1,000 |
CHARLESTON COLLEGIATE SCHOOL PURPOSE: DONATION | $1,000 |
COLLEGE OF CHARLESTON PURPOSE: DONATION | $1,000 |
DISABLED AMERICAN VETERANS PURPOSE: DONATION | $1,000 |