Pressley Ridge Foundation FY2021 filing

Tax-deductible

Pittsburgh, PA501(c)(3)Since 1991EducationEIN 25-1653944Revenue $2.6M in FY2021

On file with the IRSpressleyridge.org5500 Corporate Dr Ste 400, 15237-5848 · Pittsburgh, PATax-exempt since Apr 1991Supporting organization — 509(a)(3)

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To provide support for the charitable and educational purposes of Pressley Ridge, a related non-profit organization, and all of its subsidiaries.

501(c)(3) charity; gifts are tax-deductible.
48¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $1.2M a year · 25% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
48%
of spending
Concern: 48% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $19K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$784K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 10 voting members
Looks good: 8 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6M
-24% vs prior year
Spent
$2.3M
To programs
48%
Net assets
$63.6M
By yearFY2020–FY2025
Revenue
$2.6M
FY2021▼ -24%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.4M
FY2021$2.6M
FY2022$13.7M
FY2023$3.1M
FY2024$3.0M
FY2025$4.1M
Expenses
$2.3M
FY2021▼ -49%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.5M
FY2021$2.3M
FY2022$2.3M
FY2023$2.6M
FY2024$3.2M
FY2025$7.5M
Net assets
$63.6M
FY2021▲ +29%
Tap a bar for its year
Net assets by fiscal year
FY2020$49.3M
FY2021$63.6M
FY2022$67.2M
FY2023$72.4M
FY2024$79.3M
FY2025$81.6M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1991.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

48 cents of each dollar spent went to programs.

Program services 48% · $1.1M Management & general 26% · $607K Fundraising 26% · $600K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
President/CEO/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Pressley Ridge Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports Pressley Ridge, a related nonprofit, with essential resources and assistance.

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Provided by the organization

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3 programs · $1.1M · in their own filed words · FY2020
01

Pressley Ridge and Pressley Ridge

Maryland operation support.

$753Kprogram expense
02

Pressley ridge research support.

$347Kprogram expense
03

Cash assistance to children and families served by pressley ridge.

$18Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$19K
See all 3 funders →
Grants paid · 10 grants · $14.6M · 2019–2024
Pressley RidgePA · FY2024$5,363,220
Pressley RidgePA · FY2023$1,923,978
Pressley RidgePA · FY2022$1,424,082
Pressley Ridge - MarylandPA · FY2022$249,122
Pressley RidgePA · FY2021$1,129,900
Pressley Ridge - MarylandPA · FY2021$42,249
Pressley RidgePA · FY2020$965,781
Pressley Ridge - MarylandPA · FY2020$124,406
Pressley RidgePA · FY2019$3,341,782
Pressley Ridge - MarylandPA · FY2019$65,449

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Investment incomeLn 3$1.6M
Gifts and grantsLn 1h$890K
Other incomeLn 4–11$83K
Money outPt IX
$2.3M
Ln 25
Programscol B$1.1M
Managementcol C$607K
Fundraisingcol D$600K
Owns and owesPt X
$63.6M
net assets · Ln 32
Cash and savingsLn 1–2$559K
Total assetsLn 16$64.4M
LiabilitiesLn 26$784K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$890K
Investment incomeLn 3$1.6M
Other incomeLn 4–11$83K
Gains on assetsLn 7$456K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$559K
Cash and savings togetherLn 1–2$559K
InvestmentsLn 11–13$59.2M
Other assetsLn 15$225K
Total assetsLn 16$64.4M
LiabilitiesLn 26$784K
Net assetsLn 32$63.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6150
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$616K$559K
InvestmentsLn 11–13$44.3M$59.2M
Total assetsLn 16$50.0M$64.4M
LiabilitiesLn 26$701K$784K
Net assetsLn 32$49.3M$63.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.1M$1.1M
Pay of current officers, directors and key staffLn 5$181K$59K$122K
Other salaries and wagesLn 7$464K$228K$236K
Pension plan contributionsLn 8$32K$15K$17K
Other employee benefitsLn 9$35K$16K$19K
Payroll taxesLn 10$38K$17K$21K
Accounting feesLn 11c$21K$21K
Investment management feesLn 11f$74K$74K
Other fees for servicesLn 11g$175K$28K$66K$81K
Advertising and promotionLn 12$17K$8K$10K
Office expensesLn 13$12K$5K$6K
Information technologyLn 14$5K$5K
OccupancyLn 16$28K$12K$15K
TravelLn 17$1K$464$571
InsuranceLn 23$15K$7K$8K
Other expenses (24a–d)Ln 24$42K$19K$23K
All other expensesLn 24e$97K$55K$43K
Total functional expensesLn 25$2.3M$1.1M$607K$600K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.1M$7.5M−$3.4M$81.6M 990 PDF
FY2024 $3.0M$3.2M−$235K$79.3M 990 PDF
FY2023 $3.1M$2.6M$432K$72.4M 990 PDF
FY2022 $13.7M$2.3M$11.5M$67.2M 990 PDF
FY2021 Viewing $2.6M$2.3M$256K$63.6M 990 PDF
FY2020 $3.4M$4.5M−$1.1M$49.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $2,581,391 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,539,573$889,810
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,830,707$1,608,785
I-11 Other revenuePrior year $36,223$82,796
I-12 Total revenuePrior year $3,406,503$2,581,391
I-13 Grants and similar amounts paidPrior year $3,407,231$1,090,187
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $797,145$750,220
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $345,324$485,074
I-18 Total expensesPrior year $4,549,700$2,325,481
I-19 Revenue less expensesPrior year −$1,143,197$255,910
Part VI · Governance 8 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,581,391 across 6 lines filed
VIII-1f All other contributions, gifts and grants$889,810
VIII-1h Total contributions, gifts and grants$889,810
VIII-3 Investment incomeExcluded from tax $1,152,563$1,152,563
VIII-7 Net gain or loss on sales of assetsExcluded from tax $456,222$456,222
VIII-8 Net income from fundraising eventsExcluded from tax $82,796$82,796
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,691,581$2,581,391
Part IX · Statement of functional expenses $2,325,481 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $1,090,187$1,090,187
IX-5 Pay of current officers, directors and key staffManagement $59,338 · Fundraising $121,661$180,999
IX-7 Other salaries and wagesManagement $228,160 · Fundraising $236,068$464,228
IX-8 Pension plan contributionsManagement $15,458 · Fundraising $16,635$32,093
IX-9 Other employee benefitsManagement $16,479 · Fundraising $18,768$35,247
IX-10 Payroll taxesManagement $16,879 · Fundraising $20,774$37,653
IX-11c Accounting feesManagement $20,683$20,683
IX-11f Investment management feesManagement $73,675$73,675
IX-11g Other fees for servicesPrograms $27,783 · Management $65,788 · Fundraising $80,967$174,538
IX-12 Advertising and promotionManagement $7,758 · Fundraising $9,547$17,305
IX-13 Office expensesManagement $5,220 · Fundraising $6,425$11,645
IX-14 Information technologyManagement $4,784$4,784
IX-16 OccupancyManagement $12,394 · Fundraising $15,253$27,647
IX-17 TravelManagement $464 · Fundraising $571$1,035
IX-23 InsuranceManagement $6,548 · Fundraising $8,058$14,606
IX-24 Other expenses (24a–d)Management $18,780 · Fundraising $23,114$41,894
IX-24e All other expensesManagement $54,748 · Fundraising $42,514$97,262
IX-25 Total functional expensesPrograms $1,117,970 · Management $607,156 · Fundraising $600,355$2,325,481
Part X · Balance sheet $64,362,339 assets, 12 lines filed
Asset lines not itemized here account for $4,310,463; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $615,506$559,260
X-3 Pledges and grants receivableStart of year $59,503$49,791
X-11 Publicly traded securitiesStart of year $44,254,761$59,168,373
X-12 Other securitiesStart of year $70,740$49,536
X-15 Other assetsStart of year $180,955$224,916
X-16 Total assetsStart of year $49,955,054$64,362,339
X-25 Other liabilitiesStart of year $701,419$784,164
X-26 Total liabilitiesStart of year $701,419$784,164
X-27 Net assets without donor restrictionsStart of year $41,988,549$53,260,146
X-28 Net assets with donor restrictionsStart of year $7,265,086$10,318,029
X-32 Total net assets or fund balancesStart of year $49,253,635$63,578,175
X-33 Total liabilities and net assetsStart of year $49,955,054$64,362,339
Part XI · Reconciliation of net assets $63,578,175 net assets at year end
XI-1 Total revenue$2,581,391
XI-2 Total expenses$2,325,481
XI-3 Revenue less expenses$255,910
XI-4 Net assets at start of year$49,253,635
XI-5 Net unrealized gains (losses) on investments$14,068,630
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$63,578,175

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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