Equitrans Midstream Foundation
- Assets
- $16.5m
- Revenue
- $324.1k
- Investments
- $14.6m
- Employees
- 0
- Location
- Canonsburg, PA
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 83-2213567
Organization Overview
Equitrans Midstream Foundation is located in Canonsburg, PA. The organization was established in 2019. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Equitrans Midstream 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, Equitrans Midstream Foundation generated $324.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Equitrans Midstream Foundation has awarded 677 individual grants totaling $2,484,897. 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 |
|---|---|---|---|
Lorelle Geyer Treasurer | 1 | $0 | |
Carmine Fantini Board Member | 1 | $0 | |
Kirk Oliver Board Member | 1 | $0 | |
Audra Balisky Asst. Treasurer | 1 | $0 | |
Steve Moore Board Member | 1 | $0 | |
Todd Normane Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $324,091 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $324,091 |
| 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 | $0 |
| Printing and publications | $0 |
| Other expenses | $14,103 |
| Total operating and administrative expenses | $106,400 |
| Contributions, gifts, grants paid | $953,909 |
| Total expenses and disbursements | $1,060,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,916,768 |
| Net Accounts receivable | $43 |
| 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 | $8,499,627 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,649 |
| Total assets | $16,514,763 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $122,055 |
| 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 | $122,055 |
Grants Awarded
Over the last fiscal year, Equitrans Midstream Foundation has awarded $940,793 in support to 252 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF SW PA PURPOSE: MATCHING GIFTS | $80,525 |
CHILDRENS HOSPITAL OF PGH FDN PURPOSE: GENERAL DONATIONS | $50,000 |
Gassaway, WV PURPOSE: GENERAL DONATIONS | $50,000 |
Morgantown, WV PURPOSE: GENERAL DONATIONS | $50,000 |
INTERMEDIATE UNIT ONE PURPOSE: GENERAL DONATIONS | $40,000 |
Morgantown, WV PURPOSE: GENERAL DONATIONS | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Echoing Green Inc New York, NY | $60,744,468 | $19,754,073 |
Partnership For Ed Advancement Inc New York, NY | $36,194,552 | $41,198,488 |
Alavi Foundation New York, NY | $64,468,510 | $30,201,673 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Knowledgeworks Foundation Cincinnati, OH | $34,010,195 | $7,717,304 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |
Uncommon Lender Inc New York, NY | $174,239,408 | $12,168,791 |