St Francis Charitable Trust FY2023 filing

Tax-deductible

Pittsburgh, PA501(c)(3)Since 1989EIN 37-6119749

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Supporting the third order of St Francis

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$134K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $3.8M a year · 79% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$134K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.8M
+284% vs prior year
Spent
$1.1M
To programs
90%
Net assets
$59.6M
By yearFY2020–FY2024
Revenue
$9.8M
FY2023▲ +284%
Revenue by fiscal year
FY2020$3.2M
FY2021$5.3M
FY2022$2.5M
FY2023$9.8M
FY2024$3.5M
FY2024$3.9M
Expenses
$1.1M
FY2023▲ +4%
Expenses by fiscal year
FY2020$957K
FY2021$1.0M
FY2022$1.0M
FY2023$1.1M
FY2024$906K
FY2024$2.3M
Net assets
$59.6M
FY2023▲ +17%
Net assets by fiscal year
FY2020$45.4M
FY2021$49.6M
FY2022$51.0M
FY2023$59.6M
FY2024$62.1M
FY2024$63.6M

From the FY2023 Form 990 (year ending September 2023) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1973.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $962K Management & general 10% · $109K

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

1 person listed on the 990; $134K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$134,394Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
PNC Bank NA$124,215$111,033$134,394$154,558$149,321$128,953

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See St Francis Charitable Trust 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 15aNo

Programs and updates

Helps members of the Third Order of St. Francis with their spiritual and community needs.

Provided by the organization

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1 program · $962K · in their own filed words · FY2022
01

Supporting the third order of ST francis

$962Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $6.5M · 2019–2024
Sisters of the Third Order of St FrancisFY2019$821,291

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$9.8M
Ln 12
Investment incomeLn 3$9.6M
Gifts and grantsLn 1h$137K
Money outPt IX
$1.1M
Ln 25
Programscol B$962K
Managementcol C$109K
Owns and owesPt X
$59.6M
net assets · Ln 32
Cash and savingsLn 1–2$840K
Total assetsLn 16$59.6M
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$137K
Investment incomeLn 3$9.6M
Gains on assetsLn 7$8.4M
Total revenueLn 12$9.8M
Assets in detailPt X, end of year
CashLn 1−$424
SavingsLn 2$840K
Cash and savings togetherLn 1–2$840K
InvestmentsLn 11–13$58.8M
Total assetsLn 16$59.6M
LiabilitiesLn 26$0
Net assetsLn 32$59.6M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderSeptember
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 FY23End FY23
Cash and savingsLn 1–2$723K$840K
InvestmentsLn 11–13$50.3M$58.8M
Total assetsLn 16$51.0M$59.6M
LiabilitiesLn 26$0$0
Net assetsLn 32$51.0M$59.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$935K$935K
Pay of current officers, directors and key staffLn 5$134K$27K$108K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$1.1M$962K$109K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $3.5M$906K$2.6M$62.1M 990 PDF
FY2023 Viewing $9.8M$1.1M$8.7M$59.6M 990 PDF
FY2022 $2.5M$1.0M$1.5M$51.0M 990 PDF
FY2021 $5.3M$1.0M$4.2M$49.6M 990 PDF
FY2020 $3.2M$957K$2.2M$45.4M 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $9,755,327 across 5 lines filed
VIII-1f All other contributions, gifts and grants$136,935
VIII-1h Total contributions, gifts and grants$136,935
VIII-3 Investment incomeExcluded from tax $1,242,545$1,242,545
VIII-7 Net gain or loss on sales of assetsExcluded from tax $8,375,847$8,375,847
VIII-12 Total revenueExcluded from tax $9,618,392$9,755,327
Part IX · Statement of functional expenses $1,071,153 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $935,188$935,188
IX-5 Pay of current officers, directors and key staffPrograms $26,879 · Management $107,515$134,394
IX-24 Other expenses (24a–d)Management $1,571$1,571
IX-25 Total functional expensesPrograms $962,067 · Management $109,086 · Fundraising $0$1,071,153
Part X · Balance sheet $59,598,581 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year −$1,012−$424
X-2 Savings and temporary cash investmentsStart of year $723,955$840,252
X-11 Publicly traded securitiesStart of year $50,297,390$58,758,753
X-16 Total assetsStart of year $51,020,333$59,598,581
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $51,020,333$59,598,581
X-33 Total liabilities and net assetsStart of year $51,020,333$59,598,581
Part XI · Reconciliation of net assets $59,598,581 net assets at year end
XI-1 Total revenue$9,755,327
XI-2 Total expenses$1,071,153
XI-3 Revenue less expenses$8,684,174
XI-4 Net assets at start of year$51,020,333
XI-9 Other changes in net assets−$105,926
XI-10 Net assets at end of year$59,598,581

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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