Josephine S Russell Charitable Tr
- Assets
- $12.1m
- Revenue
- $207.2k
- Investments
- $11.6m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 11/1977
- Data as of
- 06/2023
- EIN
- 31-6195446
Organization Overview
Josephine S Russell Charitable Tr is located in Pittsburgh, PA. The organization was established in 1977. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Josephine S Russell Charitable Tr 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 06/2023, Josephine S Russell Charitable Tr generated $207.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $904.2k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Josephine S Russell Charitable Tr has awarded 258 individual grants totaling $5,591,435. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $349,030 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$142,407 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $568 |
| Total Revenue | $207,191 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $107,550 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,244 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $54,851 |
| Total operating and administrative expenses | $166,645 |
| Contributions, gifts, grants paid | $737,505 |
| Total expenses and disbursements | $904,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1,841 |
| Savings and temporary cash investments | $479,745 |
| 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 | $10,142,006 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,067,582 |
| 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, Josephine S Russell Charitable Tr has awarded $737,505 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
CINCINNATI CENTER CITY PURPOSE: ZIEGLER PARK PROGRAMMING | $50,000 |
SALVATION ARMY PURPOSE: HEALTH DROP IN CENTER | $10,000 |
LIGHTHOUSE YOUTH SERVICES PURPOSE: HEAKLEY CENTERS FOR YOUTH | $40,000 |
MINDPEACE PURPOSE: GENERAL | $35,000 |
PARTNERSHIP FOR INNOVATION IN EDUCATION PURPOSE: GENERAL | $20,000 |
LEGAL AID SOCIETY OF CINCINNATI PURPOSE: GENERAL | $5,000 |