Piston Family Foundation
- Assets
- $86.6k
- Revenue
- $40.7k
- Investments
- $64.1k
- Employees
- 0
- Location
- Hermitage, PA
- Founding
- 04/2017
- Data as of
- 12/2021
- EIN
- 81-4633973
Organization Overview
Piston Family Foundation is located in Hermitage, PA. The organization was established in 2017. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Piston Family Foundation 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 12/2021, Piston Family Foundation generated $40.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $40.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Piston Family Foundation has awarded 31 individual grants totaling $167,266. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
A 5K RUN/WALK WAS USED TO PROMOTE THE CHARITABLE PURPOSE OF PISTON FAMILY FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Kathy Piston Director, Chairman, Presid | 2 | $0 | |
Michael D Piston Director | 0 | $0 | |
Dr Robert Piston Director | 0.1 | $0 | |
Rebecca M Piston Director, Secretary | 0.5 | $0 | |
Hannah E Piston Director | 0.1 | $0 | |
Steven J Piston Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,413 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,416 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,722 |
| Capital Gain Net Income | $5,722 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,147 |
| Total Revenue | $40,698 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $246 |
| Printing and publications | $0 |
| Other expenses | $6,815 |
| Total operating and administrative expenses | $12,059 |
| Contributions, gifts, grants paid | $28,765 |
| Total expenses and disbursements | $40,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,852 |
| 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 | $64,068 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,633 |
| Total assets | $86,553 |
| 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 | $90 |
| Total liabilities | $90 |
Grants Awarded
Over the last fiscal year, Piston Family Foundation has awarded $28,765 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
GRAND COURT ORDER OF THE AMARANTH PURPOSE: TO RAISE FUNDING TO SUPPORT DIABETES RESEARCH AND PROVIDE REGISTRATION FEES FOR JUVENILE DIABETIC CHILDREN TO ATTEND THE ADA JUVENILE DIABETES CAMP. | $17,037 |
New York, NY PURPOSE: TO TRANSFORM THE LIVES OF ACCOMPLISHED HIGH SCHOOL STUDENTS FROM LOW-INCOME FAMILIES BY BROADENING THEIR DREAMS AND PREPARING THEM FOR COLLEGE SUCCESS. | $10,000 |
Pittsburgh, PA PURPOSE: TO RAISE TRANSFORMATIONAL SUPPORT FOR SCHOLARSHIP INITIATIVES. | $1,228 |
NESHANNOCK X-TRA MILE BOOSTERS PURPOSE: TO BENEFIT THE NESHANNOCK CROSS COUNTRY TEAM, THE MAINTENANCE OF THE JOHN THOMPSON NATURE TRAIL, AND THE JOHN THOMPSON SCHOLARSHIP | $250 |
Hermitage, PA PURPOSE: TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT DEVELOP A HEALTHY SPIRIT, MIND AND BODY FOR ALL, REGARDLESS OF ORIGIN, RACE, CREED, AND INCOME. | $250 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Piston Family Foundation has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Stlrb Family Foundation St Louis, MO PURPOSE: CHARITABLE | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
Yougivegoods Foundation Inc Mendham, NJ | $162,103 | $4,310,625 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |
The Essential Foundation Fka Aqua Charitable Trust Bryn Mawr, PA | $32,073,281 | $19,000,000 |
Bikoff Foundation Whitestone, NY | $65,723,002 | $14,790,071 |
Giving Tuesday Inc Brooklyn, NY | $1,987,227 | $3,527,479 |
The Meg And Bennett Goodman Family Foundation Jenkintown, PA | $50,458,470 | $11,004,981 |
The Meringoff Family Foundation Inc New York, NY | $455,360 | $3,000,005 |
Newark Alliance Inc Newark, NJ | $3,740,799 | $2,492,723 |