Useful Choices Charitable Foundation
- Assets
- $940.3k
- Revenue
- $24.9k
- Investments
- $920.8k
- Employees
- 0
- Location
- North East, PA
- Founding
- Data as of
- 12/2022
- EIN
- 84-4098268
Organization Overview
Useful Choices Charitable Foundation is located in North East, PA. 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. Useful Choices Charitable 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 12/2022, Useful Choices Charitable Foundation generated $24.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (60.3%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick M Sheridan President | 2 | $0 | |
Deborah Ybarra Vice President | 0 | $0 | |
Luke Davidoff Secretary | 0 | $0 | |
Christopher Sheridan Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $81 |
| Dividends & Interest | $25,635 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$770 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,946 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,871 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $835 |
| Total operating and administrative expenses | $35,597 |
| Contributions, gifts, grants paid | $84,936 |
| Total expenses and disbursements | $120,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,507 |
| 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 | $940,340 |
| 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, Useful Choices Charitable Foundation has awarded $84,936 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
THE PEOPLE CONCERN PURPOSE: PROVIDES MEALS FOR HOMELESS | $10,000 |
PERFORMING ARTS COLLECTIVE ALLIANCE PURPOSE: PURCHASE OF FIRE EXTINGUISHERS. | $2,569 |
CHRISTIAN MINISTRIES OF APOSTOLIC FAITH PURPOSE: OFFICE EQUIPMENT, FURNITURE AND SUPPLIES | $7,000 |
MCCORD MEMORIAL LIBRARY PURPOSE: REPAIR WATER LEAK DAMAGE. | $10,000 |
ASBURY WOODS PARTNERSHIP INC PURPOSE: STREAM ASSESMENT | $9,990 |
CHRISTIAN MINISTRIES OF APOSTOLIC FAITH PURPOSE: PURCHASE COMPUTERS | $5,000 |