Arts Equity & Education Fund
- Assets
- $6.2m
- Revenue
- $383.2k
- Investments
- $6.1m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 07/2018
- Data as of
- 12/2022
- EIN
- 82-3746641
Organization Overview
Arts Equity & Education Fund is located in Pittsburgh, PA. The organization was established in 2018. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Arts Equity & Education Fund 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 12/2022, Arts Equity & Education Fund generated $383.2k 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 (33.7%) each year. All expenses for the organization totaled $717.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Arts Equity & Education Fund has awarded 96 individual grants totaling $2,142,175. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher C Fleischner President | 1 | $0 | |
Dawn N Fleischner Chairman Of The Board | 1 | $0 | |
Karla Stallworth Executive Director | 40 | $80,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $118,417 |
| Interest on Savings | $39,304 |
| Dividends & Interest | $114,361 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $111,163 |
| Capital Gain Net Income | $111,163 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $383,245 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,000 |
| Other employee salaries and wages | $15,249 |
| Pension plans, employee benefits | $3,392 |
| Interest | $0 |
| Taxes | $8,402 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,916 |
| Printing and publications | $0 |
| Other expenses | $18,049 |
| Total operating and administrative expenses | $178,988 |
| Contributions, gifts, grants paid | $538,500 |
| Total expenses and disbursements | $717,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,045 |
| 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 | $5,054,196 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,626 |
| Total assets | $6,234,418 |
| Accounts payable and accrued expenses | $7,880 |
| 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 | $7,880 |
Grants Awarded
Over the last fiscal year, Arts Equity & Education Fund has awarded $538,500 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
ALMA LEWIS PURPOSE: SUPPORT OF PART-TIME PROGRAM ADMINISTRATOR, EXHIBITION AND EDUCATIONAL PROGRAMMING | $50,000 |
ART 21 PURPOSE: SUPPORT OF ADMINISTRATIVE COSTS | $25,000 |
BRADDOCK CARNEGIE LIBRARY ASSOCIATION PURPOSE: SUPPORT OF DIRECTOR OF DEVELOPMENT | $35,000 |
BUNKER PROJECTS PURPOSE: SUPPORT OF CREATIVE DIRECTOR POSITION | $35,000 |
CALIFORNIA INSTITUTE OF THE ARTS PURPOSE: SUPPORT OF ADMINISTRATIVE COSTS AND OPERATIONS | $80,000 |
ASSEMBLE PURPOSE: SUPPORT OF AFTERSCHOOL STUDENTS | $5,000 |