Muriel E And Edward C Wachter Charitable Foundation
- Assets
- $2.5m
- Revenue
- $60.3k
- Investments
- $2.4m
- Employees
- 0
- Location
- Lower Burrell, PA
- Founding
- 07/2007
- Data as of
- 12/2022
- EIN
- 86-6349314
Organization Overview
Muriel E And Edward C Wachter Charitable Foundation is located in Lower Burrell, PA. The organization was established in 2007. 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. Muriel E And Edward C Wachter 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, Muriel E And Edward C Wachter Charitable Foundation generated $60.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $168.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Muriel E And Edward C Wachter Charitable Foundation has awarded 262 individual grants totaling $709,200. 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 |
|---|---|---|---|
William H Tingle Iiideceased 2022 Chairman | 1 | $0 | |
Marshall L Krumpe Trustee | 1 | $0 | |
William Hc Tingle IV Trustee | 1 | $0 | |
Erin E Krumpe Trustee | 1 | $0 | |
Susan Krumpe Trustee | 1 | $19,989 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $62,267 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,957 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $60,311 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,989 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $3,605 |
| Interest | $0 |
| Taxes | $7,975 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,320 |
| Total operating and administrative expenses | $58,870 |
| Contributions, gifts, grants paid | $110,000 |
| Total expenses and disbursements | $168,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,750 |
| Savings and temporary cash investments | $72,850 |
| 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 | $2,377,814 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,481,414 |
| 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, Muriel E And Edward C Wachter Charitable Foundation has awarded $110,000 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
A LITTLE BIT OF SNUGGLES DOG RESCUE INC PURPOSE: GENERAL CHARITABLE GIVING | $2,000 |
ALLEGHENY KISKI VALLEY HERITAGE MUSEUM PURPOSE: GENERAL CHARITABLE GIVING | $4,000 |
ALLE-KISKI VALLEY SENIOR CITIZENS CENTER PURPOSE: GENERAL CHARITABLE GIVING | $4,000 |
ANIMAL PROTECTORS PURPOSE: GENERAL CHARITABLE GIVING | $6,000 |
BRAEBURN UNITED METHODIST CHURCH PURPOSE: GENERAL CHARITABLE GIVING | $6,000 |
CARE AT HOME FUND PURPOSE: GENERAL CHARITABLE GIVING | $1,000 |