Pasco L Schiavo Memorial Charitable Fund
- Assets
- $13.3m
- Revenue
- $12.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Sugarloaf, PA
- Founding
- Data as of
- 12/2023
- EIN
- 92-2122140
Organization Overview
Pasco L Schiavo Memorial Charitable Fund is located in Sugarloaf, PA. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Pasco L Schiavo Memorial Charitable Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE DISTRIBUTIONS TO ORGANIZATIONS THAT PROMOTE EDUCATIONAL & OTHER HUMANITARIAN PROJECTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PASCO L. SCHIAVO MEMORIAL CHARITABLE FUND WAS FORMED FOR THE PURPOSE OF MAKING DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS, SPECIFICALLY TO PROMOTE PRIMARILY EDUCATIONAL PROJECTS AND OTHER HUMANITARIAN PROJECTS IN AND THROUGHOUT THE HAZLETON AREA COMMUNITY, WHICH IS PRESENTLY DEMARCATED BY THE SCHOOL DISTRICT BORDERS OF THE HAZLETON AREA SCHOOL DISTRICT AND THE WEATHERLY AREA SCHOOL DISTRICT, AND SECONDARILY TO ANY OTHER CHARITABLE PROJECTS OUTSIDE OF THE BOUNDARIES OF THOSE TWO SCHOOL DISTRICTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tara Mugford Wilson Vice President | OfficerTrustee | 0.1 | $0 |
C David Pedri President | OfficerTrustee | 0.1 | $0 |
Linda Schiavo Vice President | OfficerTrustee | 0.1 | $0 |
Diane Dutko Secretary/treasurer | OfficerTrustee | 0.1 | $0 |
Lee Piatt Director | Trustee | 0.1 | $0 |
John Dowd Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,400,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,400,000 |
| Total Program Service Revenue | $0 |
| Investment income | $242,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,296 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,656,374 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $219,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,521 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,771 |
| Total functional expenses | $253,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,729 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,259,603 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,287,332 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $13,287,332 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,287,332 |
Grants Awarded
Over the last fiscal year, Pasco L Schiavo Memorial Charitable Fund has awarded $209,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S SERVICE CENTER PURPOSE: YOUTH DEVELOPMENT | $10,000 |
FAMILY PROMISE OF CARBON COUNTY PURPOSE: COMMUNITY DEVELOPMENT | $10,000 |
GREATER HAZLETON AREA CIVIC PARTNERSHIP (GHACP) PURPOSE: ENVIRONMENTAL | $25,000 |
HAZLETON ART LEAGUE INC PURPOSE: ARTS & CULTURE | $15,000 |
MAUCH CHUNK HISTORICAL SOCIETY PURPOSE: ARTS & CULTURE | $25,000 |
THE LUZERNE FOUNDATION PURPOSE: COMMUNITY DEVELOPMENT | $124,000 |