Ciervo Foundation
- Assets
- $4.8m
- Revenue
- $461.5k
- Investments
- $4.6m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 05/2018
- Data as of
- 12/2021
- EIN
- 82-3238419
Organization Overview
Ciervo Foundation is located in Pittsburgh, PA. The organization was established in 2018. 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. Ciervo 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, Ciervo Foundation generated $461.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $372.8k during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 4 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 2018, Ciervo Foundation has awarded 50 individual grants totaling $1,027,500. 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
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lesley Mcelhattan Director/secretary/treasurer | 0 | $0 | |
Kenton J Mcelhattan Director/chairman/president | 0 | $0 | |
Larry S Blair Director/vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $97,760 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $363,733 |
| Capital Gain Net Income | $363,733 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $461,493 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,112 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $57,806 |
| Contributions, gifts, grants paid | $315,000 |
| Total expenses and disbursements | $372,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $139,799 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,777,733 |
| 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, Ciervo Foundation has awarded $315,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Pittsburgh, PA PURPOSE: ALPHA LAB GEAR PROGRAM ($100,000) AND ARTIST-IN RESIDENCE ($5000) | $105,000 |
UNITED WAY OF SOUTHWESTERN PA PURPOSE: SUMMER PROGRAMMING FOR SHCOOL AGE YOUTH | $100,000 |
FAME PURPOSE: SUPPORT GENERAL OPERATING EXPENSES | $25,000 |
Pittsburgh, PA PURPOSE: YP TECH BUILDERS | $25,000 |
Pittsburgh, PA PURPOSE: REINVENT CIVICS EDUCATION | $20,000 |
Pittsburgh, PA PURPOSE: KENTUCKY AVENUE SCHOOL OPERATIONS ($10,000) | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Comic Relief Inc New York, NY | $28,941,799 | $35,831,552 |
Anabaptist Foundation Lewisburg, PA | $47,495,861 | $36,276,504 |
Tournaments For Charity Dublin, OH | $4,978,426 | $26,375,151 |
The Lenfest Inst For Journalism Spe Asset Fund Of The Phl Foundation Philadelphia, PA | $99,634,192 | $14,397,650 |
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 |