Loyal And True Foundation
- Assets
- $3.7m
- Revenue
- -$177.5k
- Investments
- $3.7m
- Employees
- 0
- Location
- Erie, PA
- Founding
- Data as of
- 12/2022
- EIN
- 86-3729886
Organization Overview
Loyal And True Foundation is located in Erie, PA. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Loyal And True Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2022, Loyal And True Foundation has awarded 15 individual grants totaling $286,000. 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 Hagerty Chairman | 2 | $0 | |
David Hallman Jr Secretary | 1 | $0 | |
Lawrence Furey CPA Treasurer | 1 | $0 | |
Michael Hagerty Director | 1 | $0 | |
John Detisch Director | 1 | $0 | |
Owen Mccormick Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,748 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$250,234 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$177,486 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $212 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $767 |
| Contributions, gifts, grants paid | $286,000 |
| Total expenses and disbursements | $286,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $89,229 |
| 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 | $232,096 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,745,001 |
| 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, Loyal And True Foundation has awarded $286,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ST JOHN SCHOOL PURPOSE: GENERAL OPERATING | $32,000 |
ST MARK'S HIGH SCHOOL PURPOSE: GENERAL OPERATING | $25,000 |
CATHEDRAL HIGH SCHOOL PURPOSE: ENERAL OPERATING | $25,000 |
CLEVELAND CENTRAL CATHOLIC HIGH SCH PURPOSE: GENERAL OPERATING | $25,000 |
ST MARK'S SEMINARY PURPOSE: GENERAL OPERATING | $25,000 |
MERCYHURST PREPARATORY SCHOOL PURPOSE: GENERAL OPERATING | $10,000 |