Joseph H Cannon Charitable Trust
- Assets
- $4.3m
- Revenue
- $249.7k
- Investments
- $4.1m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 02/2003
- Data as of
- 10/2023
- EIN
- 37-6378428
Organization Overview
Joseph H Cannon Charitable Trust is located in Pittsburgh, PA. The organization was established in 2003. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Joseph H Cannon Charitable Trust 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 10/2023, Joseph H Cannon Charitable Trust generated $249.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $273.1k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Joseph H Cannon Charitable Trust has awarded 21 individual grants totaling $1,661,634. 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 | $118,652 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $131,046 |
| Capital Gain Net Income | $131,046 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $249,698 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $46,099 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,924 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $58,038 |
| Contributions, gifts, grants paid | $215,082 |
| Total expenses and disbursements | $273,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $162,698 |
| 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 | $4,127,484 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,290,182 |
| 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, Joseph H Cannon Charitable Trust has awarded $215,082 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE SALVATION ARMY PURPOSE: GENERAL SUPPORT | $71,694 |
FIRST PRESBYTERIAN CHURCH PURPOSE: GENERAL SUPPORT | $71,694 |
WGRC INC PURPOSE: GENERAL SUPPORT | $71,694 |