Colcom Foundation
- Assets
- $443.4m
- Revenue
- $64.9m
- Investments
- $397.2m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 02/1997
- Data as of
- 06/2022
- EIN
- 31-1479839
Organization Overview
Colcom Foundation is located in Pittsburgh, PA. The organization was established in 1997. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Colcom 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, Colcom Foundation generated $64.9m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 34.9% each year . All expenses for the organization totaled $28.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Colcom Foundation has awarded 292 individual grants totaling $47,106,553. 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 |
|---|---|---|---|
D E Baker Laurel Director | 40 | $261,974 | |
J S Barsotti Colcom Director/president/cio | 40 | $360,896 | |
J F Rohe Laurel Director/vp/secretary | 40 | $270,519 | |
R P Lombardi Colcom VP & Chief Financial Officer | 40 | $213,519 | |
T M Inglis Colcom Director | 8 | $44,000 | |
M M Strueber Colcom Director | 8 | $44,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wgi | 6/29/22 | $0 |
Drz | 6/29/22 | $0 |
Ecm | 6/29/22 | $0 |
Scm | 6/29/22 | $0 |
Msg | 6/29/22 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,445,416 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,331,323 |
| Capital Gain Net Income | $50,331,108 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,079,253 |
| Total Revenue | $64,855,992 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,271,708 |
| Other employee salaries and wages | $721,530 |
| Pension plans, employee benefits | $597,683 |
| Interest | $0 |
| Taxes | $833,205 |
| Depreciation | $128,352 |
| Occupancy | $188,882 |
| Travel, conferences, and meetings | $34,451 |
| Printing and publications | $0 |
| Other expenses | $501,894 |
| Total operating and administrative expenses | $6,867,483 |
| Contributions, gifts, grants paid | $21,209,788 |
| Total expenses and disbursements | $28,077,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,465 |
| Savings and temporary cash investments | $44,693,381 |
| 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 | $84,460,539 |
| Net Land, buildings, and equipment | $1,351,579 |
| Other assets | $0 |
| Total assets | $443,401,783 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,723,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $175,966 |
| Total liabilities | $1,898,966 |
Grants Awarded
Over the last fiscal year, Colcom Foundation has awarded $22,297,788 in support to 135 organizations.
| Grant Recipient | Amount |
|---|---|
COLCOM FOUNDATION - ALLEGHENY CONFERENCE ON COMMUNITY DEVELOPMENT PURPOSE: GENERAL OPERATING SUPPORT | $120,000 |
COLCOM FOUNDATION - AMERICAN NATIONAL RED CROSS PURPOSE: NATIONAL DISASTER RELIEF | $100,000 |
COLCOM FOUNDATION - ALLEGHENY LAND TRUST PURPOSE: GREENSPACE PROTECTION FUND | $150,000 |
COLCOM FOUNDATION - ALLEGHENY LAND TRUST PURPOSE: GREENSPACE PROTECTION FUND | $125,000 |
COLCOM FOUNDATION - ASPINWALL RIVERFRONT PARK DBA ALLEGHENY RIVERTRAIL PARK PURPOSE: TRAIL PROJECT | $200,000 |
COLCOM FOUNDATION - ASTROBOTIC FOUNDATION PURPOSE: MOONSHOT MUSEUM PROJECT | $50,000 |