Edward W Powers And Alice R Powers Higher Educational Fund
- Assets
- $7.7m
- Revenue
- $825.2k
- Investments
- $7.4m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 10/1989
- Data as of
- 01/2022
- EIN
- 34-6900472
Organization Overview
Edward W Powers And Alice R Powers Higher Educational Fund is located in Pittsburgh, PA. The organization was established in 1989. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edward W Powers And Alice R Powers Higher Educational Fund 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 01/2022, Edward W Powers And Alice R Powers Higher Educational Fund generated $825.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $455.6k during the year ending 01/2022. While expenses have increased by 7.7% 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 2017, Edward W Powers And Alice R Powers Higher Educational Fund has awarded 46 individual grants totaling $2,198,338. 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 |
|---|---|---|---|
Pnc Bank Na Trustee | 11 | $69,321 | |
Brian J Wolf Trustee | 1 | $4,000 | |
Joseph Meranto Trustee | 1 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $191,041 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $634,110 |
| Capital Gain Net Income | $634,110 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $825,151 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,407 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,848 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $12,605 |
| Printing and publications | $0 |
| Other expenses | $11,240 |
| Total operating and administrative expenses | $117,100 |
| Contributions, gifts, grants paid | $338,520 |
| Total expenses and disbursements | $455,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$3,082 |
| Savings and temporary cash investments | $281,187 |
| 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 | $5,364,246 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,684,620 |
| 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, Edward W Powers And Alice R Powers Higher Educational Fund has awarded $338,520 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Alliance, OH PURPOSE: SCHOLARSHIPS | $48,360 |
Painesville, OH PURPOSE: SCHOLARSHIPS | $48,360 |
Greenville, PA PURPOSE: SCHOLARSHIPS | $48,360 |
Wooster, OH PURPOSE: SCHOLARSHIPS | $48,360 |
New Wilmington, PA PURPOSE: SCHOLARSHIPS | $48,360 |
YSU FOUNDATION PURPOSE: SCHOLARSHIPS | $48,360 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Naval Academy Foundation Inc Annapolis, MD | $305,968,176 | $47,603,619 |
Umuc Ventures Inc Bethesda, MD | $44,098,237 | $47,696,802 |
Fund For Public Schools Inc New York, NY | $69,123,846 | $27,701,638 |
Ernst & Young Foundation New York, NY | $39,971,970 | $27,635,064 |
Kipp New York Inc New York, NY | $134,718,837 | $36,118,873 |
Say Yes Buffalo Scholarship Inc Buffalo, NY | $26,879,466 | $14,014,941 |
The Heckscher Foundation For Children New York, NY | $236,760,119 | $11,760,357 |
United Federation Of Teachers Educational Foundation Inc New York, NY | $18,651,586 | $11,866,585 |
Vista Foundation Hershey, PA | $12,658,681 | $12,905,128 |
Caroline & Joseph S Gruss Life Monument Funds Inc New York, NY | $48,124,527 | $2,679,769 |
Storehouse For Teachers Pittsburgh, PA | $4,365,823 | $11,202,988 |
Suny Impact Foundation Inc New York, NY | $1,805,430 | $8,847,404 |