Carol B Mcferran Memorial Fund D-2890
- Assets
- $2.6m
- Revenue
- $390.0k
- Investments
- $2.5m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 03/1957
- Data as of
- 12/2023
- EIN
- 61-6022903
Organization Overview
Carol B Mcferran Memorial Fund D-2890 is located in Pittsburgh, PA. The organization was established in 1957. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carol B Mcferran Memorial Fund D-2890 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, Carol B Mcferran Memorial Fund D-2890 generated $390.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $186.6k during the year ending 12/2023. While expenses have increased by 3.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Carol B Mcferran Memorial Fund D-2890 has awarded 16 individual grants totaling $1,143,583. 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 | $67,050 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $321,264 |
| Capital Gain Net Income | $321,264 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,642 |
| Total Revenue | $389,956 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,164 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,169 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $27,333 |
| Contributions, gifts, grants paid | $159,250 |
| Total expenses and disbursements | $186,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $95,082 |
| 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 | $2,479,556 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,574,638 |
| 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, Carol B Mcferran Memorial Fund D-2890 has awarded $159,250 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF LOUISVILLE PURPOSE: GENERAL SUPPORT | $44,512 |
THE CHILDRENS HOSPITAL FOUNDATION PURPOSE: GENERAL SUPPORT | $114,738 |