Mark B & Jean Higgins Foundation
- Assets
- $1.1m
- Revenue
- $57.8k
- Investments
- $1.0m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 10/1981
- Data as of
- 12/2023
- EIN
- 94-2750759
Organization Overview
Mark B & Jean Higgins Foundation is located in Pittsburgh, PA. The organization was established in 1981. 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. Mark B & Jean Higgins 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 12/2023, Mark B & Jean Higgins Foundation generated $57.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $86.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mark B & Jean Higgins Foundation has awarded 71 individual grants totaling $255,550. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO DIRECT PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael S Higgins President | 3 | $0 | |
Susan Taraba Vice President | 1 | $0 | |
Mark C Higgins Treasurer | 5 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $57,831 |
| 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 | $57,831 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,500 |
| Printing and publications | $10 |
| Other expenses | $18,112 |
| Total operating and administrative expenses | $25,622 |
| Contributions, gifts, grants paid | $61,050 |
| Total expenses and disbursements | $86,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,897 |
| Savings and temporary cash investments | $57,698 |
| 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 | $1,110,297 |
| 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, Mark B & Jean Higgins Foundation has awarded $61,050 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
PENN STATE THON PURPOSE: CHARITABLE CONTRIBUTION | $500 |
THE KISKI SCHOOL PURPOSE: CHARITABLE CONTRIBUTION | $8,750 |
RONALD MCDONALD HOUSE PITTSBURGH PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |
PITTSBURGH CRECHE ENDOWMENT FUND PURPOSE: CHARITABLE CONTRIBUTION | $500 |
HOLY TRINITY CHURCH PURPOSE: CHARITABLE CONTRIBUTION | $800 |
TUNNEL TO TOWERS FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |