Louder N Hearn Educ Fund 1131032
- Assets
- $1.8m
- Revenue
- $59.2k
- Investments
- $1.8m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 00/0000
- Data as of
- 12/2023
- EIN
- 51-6015401
Organization Overview
Louder N Hearn Educ Fund 1131032 is located in Pittsburgh, PA. The organization was established in 0000. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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.
For the year ending 12/2023, Louder N Hearn Educ Fund 1131032 generated $59.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $119.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Louder N Hearn Educ Fund 1131032 has awarded 143 individual grants totaling $744,282. 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
ISSUED SCHOLARSHIPS TO 20 STUDENTS AT VARIOUS INSTITUTIONS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $46,148 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,027 |
| Capital Gain Net Income | $11,027 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,057 |
| Total Revenue | $59,232 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,221 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $407 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,025 |
| Total operating and administrative expenses | $29,653 |
| Contributions, gifts, grants paid | $89,642 |
| Total expenses and disbursements | $119,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $63,343 |
| 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 | $1,774,273 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,837,616 |
| 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, Louder N Hearn Educ Fund 1131032 has awarded $89,642 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
OLIVIA MUIR CO PNC BANK PURPOSE: SCHOLARSHIP | $10,338 |
EMMA SEKSCINSKI CO PNC BANK PURPOSE: SCHOLARSHIP | $9,975 |
JOSHUA CHELEN CO PNC BANK PURPOSE: SCHOLARSHIP | $8,574 |
KIRSTEN GREENLY CO PNC BANK PURPOSE: SCHOLARSHIP | $9,339 |
ANTOINE GRAVAT CO PNC BANK PURPOSE: SCHOLARSHIP | $9,975 |
COLE GARLICK CO PNC BANK PURPOSE: SCHOLARSHIP | $9,886 |