Pitch Foundation
- Assets
- $98.8m
- Revenue
- -$12.0m
- Investments
- $98.7m
- Employees
- 0
- Location
- Riverside, CT
- Founding
- 09/2017
- Data as of
- 12/2022
- EIN
- 82-1541555
Organization Overview
Pitch Foundation is located in Riverside, CT. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, 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. Pitch Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vicki U Craver Trustee | 1 | $0 | |
David F Craver Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,400,000 |
| Interest on Savings | $67 |
| Dividends & Interest | $557,122 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$17,972,378 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $409 |
| Total Revenue | -$12,014,780 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $166,648 |
| Taxes | $20,185 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $184,397 |
| Total operating and administrative expenses | $386,730 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $386,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,960 |
| 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 | $98,691,014 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $98,773,974 |
| 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, Pitch Foundation has awarded $4,100,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL PHALNTRHOPIC TRUST PURPOSE: TO SUPPORT THE ORGANIZATION VIA JP MORGAN CHARITABLE GIVING FUND | $4,000,000 |
HARTFORD FOUNDATION FOR PUBLIC GIVING PURPOSE: TO ASSIST IN COVID 19 RELIEF | $100,000 |