Jess W Owen Tr Nect
- Assets
- $1.7m
- Revenue
- $87.8k
- Investments
- $1.6m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 03/1974
- Data as of
- 05/2022
- EIN
- 61-6022980
Organization Overview
Jess W Owen Tr Nect is located in Pittsburgh, PA. The organization was established in 1974. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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.
For the year ending 05/2022, Jess W Owen Tr Nect generated $87.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $92.6k during the year ending 05/2022. While expenses have increased by 1.0% per year over the past 6 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 2016, Jess W Owen Tr Nect has awarded 17 individual grants totaling $376,732. 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 | $46,398 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,429 |
| Capital Gain Net Income | $41,429 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $87,827 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,325 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,445 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $35,245 |
| Contributions, gifts, grants paid | $57,344 |
| Total expenses and disbursements | $92,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $48,539 |
| 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 | $1,635,412 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,683,951 |
| 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, Jess W Owen Tr Nect has awarded $57,344 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Masonic Home, KY PURPOSE: GENERAL SUPPORT | $28,672 |
SUNRISE CHILDREN'S SERVS INC PURPOSE: GENERAL SUPPORT | $28,672 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |
John R Oishei Consolidated Tr 01091998 Buffalo, NY | $21,967,662 | $5,743,689 |
Goldstein Family Foundation Spring Valley, NY | $15,534,248 | $10,502,547 |
William H Davis & Dorothy M Davis & William C Davis Foundation Columbus, OH | $50,622,304 | $3,999,336 |
Sol Goldman Charitable Trust New York, NY | $0 | $3,639,060 |
Traditions At Mill Run Columbus, OH | $9,179,158 | $5,528,068 |
Schwartz Fam Foundation Tr New York, NY | $15,701,646 | $4,641,500 |
Lang Rachel Boyce Charitable Trust Xxx-Xx-Xxxx Youngstown, OH | $0 | $17,968 |
J M Lockhart Lockhart J M Ally Herc Pittsburgh, PA | $71,861,137 | $5,661,653 |
John R Mccune Char Trust No 9721 Pittsburgh, PA | $72,660,293 | $3,170,444 |
Madeline Foundation Baltimore, MD | $27,935,341 | $684,991 |
College Properties Of Lorain County Inc Oberlin, OH | $42,105,647 | $1,116,823 |