Scott Foundation Inc
- Assets
- $36.0m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Greensburg, PA
- Founding
- 08/2014
- Data as of
- 10/2022
- EIN
- 45-4330408
Organization Overview
Scott Foundation Inc is located in Greensburg, PA. The organization was established in 2014. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Scott Foundation Inc 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 10/2022, Scott Foundation Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $1.9m during the year ending 10/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Scott Foundation Inc has awarded 1,674 individual grants totaling $19,896,464. 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 |
|---|---|---|---|
Joseph D'astolfo Vice President & Director | 1 | $0 | |
Larry Shirey President, Sect, Treas & Chairman | 8 | $0 | |
Gerald M Popovec Director | 1 | $0 | |
Alice Reece Assistant Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,200,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,402 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,062,461 |
| Total Revenue | $2,265,863 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $156,601 |
| Depreciation | $0 |
| Occupancy | $700 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,410 |
| Total operating and administrative expenses | $169,077 |
| Contributions, gifts, grants paid | $1,742,750 |
| Total expenses and disbursements | $1,911,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,136,582 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $33,825,041 |
| Total assets | $35,961,623 |
| 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 | $262 |
| Total liabilities | $262 |
Grants Awarded
Over the last fiscal year, Scott Foundation Inc has awarded $1,445,561 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITY OF GREATER CENTRE COUNTY PURPOSE: ENERGY EFFICIENT HABITAT HOME | $2,500 |
IRWIN VOLUNTEER FIRE DEPARTMENT PURPOSE: FIRE RESCUE EQUIPMENT | $15,000 |
LEHIGH UNIVERSITY PURPOSE: LED LIGHTING UPGRADE | $50,000 |
SCOTTDALE VOLUNTEER FIRE DEPARTMENT PURPOSE: NEW EQUIPMENT | $20,000 |
STOCKDALE VOLUNTEER FIRE DEPT PURPOSE: PAVILION LED LIGHTING | $10,000 |
WARREN COUNTY FAIR INC PURPOSE: INFRASTRUCTURE IMPROVEMENTS | $25,000 |