Wilbur E Postles Scholarship Fund
- Assets
- $5.9m
- Revenue
- $197.7k
- Investments
- $5.7m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 12/2002
- Data as of
- 12/2023
- EIN
- 51-6010602
Organization Overview
Wilbur E Postles Scholarship Fund is located in Pittsburgh, PA. The organization was established in 2002. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Wilbur E Postles Scholarship 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 12/2023, Wilbur E Postles Scholarship Fund generated $197.7k 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 (4.6%) each year. All expenses for the organization totaled $425.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wilbur E Postles Scholarship Fund has awarded 203 individual grants totaling $1,603,904. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS FOR 29 STUDENTS AT VARIOUS INSTITUTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John R Twombly Jr Co-Trustee | 3 | $18,742 | |
Pnc Bank Na Co-Trustee | 14 | $74,968 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $185,280 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,327 |
| Capital Gain Net Income | $11,327 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,063 |
| Total Revenue | $197,670 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $93,710 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,715 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,139 |
| Total operating and administrative expenses | $105,737 |
| Contributions, gifts, grants paid | $320,000 |
| Total expenses and disbursements | $425,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $167,975 |
| 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 | $3,987,828 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,905,737 |
| 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, Wilbur E Postles Scholarship Fund has awarded $320,000 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXANDER DAIX PURPOSE: SCHOLARSHIP | $7,000 |
JOSHUA CHELEN PURPOSE: SCHOLARSHIP | $7,500 |
ANNA EASTERDAY PURPOSE: SCHOLARSHIP | $7,000 |
MATTHEW GRECO PURPOSE: SCHOLARSHIP | $7,000 |
GABRIELLA MORELLI PURPOSE: SCHOLARSHIP | $7,000 |
VALENTINA FELDMANN PURPOSE: SCHOLARSHIP | $7,500 |