Cpb Foundation
- Assets
- $24.0m
- Revenue
- $1.4m
- Investments
- $18.8m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 03/2004
- Data as of
- 12/2022
- EIN
- 34-7151671
Organization Overview
Cpb Foundation is located in Pittsburgh, PA. The organization was established in 2004. 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. Cpb 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 12/2022, Cpb Foundation generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Cpb Foundation has awarded 129 individual grants totaling $13,110,089. 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 |
|---|---|---|---|
Hawthorn Trustee | 30 | $144,131 | |
Harry W Konkel Trustee | 1 | $0 | |
Susan Konkel Trustee | 1 | $0 | |
James Donnell Konkel Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $205,261 |
| Interest on Savings | $0 |
| Dividends & Interest | $528,665 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $666,539 |
| Capital Gain Net Income | $666,539 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $37,239 |
| Total Revenue | $1,437,704 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $144,131 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $46,656 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $83,365 |
| Total operating and administrative expenses | $274,152 |
| Contributions, gifts, grants paid | $2,520,000 |
| Total expenses and disbursements | $2,794,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $674,198 |
| 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 | $10,389,515 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,500,000 |
| Total assets | $24,007,786 |
| 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, Cpb Foundation has awarded $2,520,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PORTLAND MUSEUM OF ART PURPOSE: ENDOWMENT SUPPORT & ANNUAL | $2,420,000 |
CAMP ARCADIA SCHOLARSHIP FUND PURPOSE: EDUCATIONAL SUPPORT | $20,000 |
DUCKS UNLIMITED PURPOSE: SUPPORTING WATERFOWL | $30,000 |
LIFEFLIGHT FOUNDATION PURPOSE: GENERAL SUPPORT | $50,000 |