Equitrans Midstream Foundation FY2022 filing

EIN 83-2213567 Private foundation / grantmaker Canonsburg, PA

Form 990 (PDF)

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Size

$100K–1M

What they do

A private foundation based in Canonsburg, PA. It reported about $462K in revenue for 2022.

Money in and out

$462K revenue, $2.1M expenses

Bottom line

—

A private foundation based in Canonsburg, PA. It reported about $462K in revenue for 2022. For fiscal year 2022 it reported $462K in revenue, $2.1M in expenses, and $12.1M in net assets.Pt I

Grants paid & assets · FY2022

Total revenue

$462K

Pt VIII · Ln 12

Total expenses

$2.1M

Pt IX · Ln 25

Net assets

$12.1M

Pt X · Ln 32

Revenue less expenses (Pt I · Ln 19): −$1.6M

Total assets

12.7M

deployed as grants and operations

Grants paid

2.0M

in FY2022

Grants made

143grants

total in period

Payout rate

16%

of assets (5% rule)

Who They Fund

Part XV · grants paid · 143 grants · $1.3M · 2024–2024

West Virginia University Foundation INCWV · FY2024$153,000

Childrens Hosp of Pittsburgh FdnFY2024$65,200

West Virginia Women Work INCWV · FY2024$55,000

Scranton Preparatory SchoolPA · FY2024$50,000

Mountaineer Food Bank INCWV · FY2024$50,000

Junior Achievement of Western PAFY2024$50,000

Food HelpersPA · FY2024$50,000

Grove City CollegePA · FY2024$40,000

Corner Cupboard Food Bank INCPA · FY2024$40,000

Saltworks Theatre CoFY2024$38,600

West Virginia Botanic Garden INCWV · FY2024$38,000

The Cape May FundMD · FY2024$35,000

Education Partnership of the Permian BasinTX · FY2024$30,000

Intermediate Unit One Ed FdnFY2024$30,000

Operation Warm INCPA · FY2024$25,000

Nazareth Farms INCFY2024$25,000

Kettering UniversityMI · FY2024$25,000

Center for Excellence in EducationFY2024$25,000

See all 143 grants →

Grantmaking Profile

Patterns in foundation giving

Distinct granteesPart XV74

Average grantPart XV$9K

Median grantPart XV$2K

Largest grantPart XV$153K

Top cause focusNTEEEducation (18%)

Summary of the Filing

Part I · fiscal year 2022 · Form 990-PF

Revenue

$462K

FY2022▲ +43%

Expenses

$2.1M

FY2022▲ +95%

Total assets

$12.7M

FY2022▼ -23%

Total liabilities

$559K

FY2022▲ +358%

Total revenue

$462K

Pt VIII · Ln 12

Total expenses

$2.1M

Pt IX · Ln 25

Net assets

$12.1M

Pt X · Ln 32

Total assetsPt II$12.7M

Identity & Classification

Form 990 Header · IRS Business Master File

Legal nameHdr · item CEquitrans Midstream Foundation

EINHdr · item D83-2213567

Principal addressHdr · item CCanonsburg, PA

WebsiteHdr · item Jnone reported

State of legal domicileHdr · item MPA

Exempt statusHdr · item I501(c)(3) · active

NTEE classificationIRS BMFNonprofit

Ruling yearIRS BMFpending

Governance & Policies

Part VI

Voting members of the governing bodyPt VI · Ln 1apending

Independent voting membersPt VI · Ln 1bpending

Conflict-of-interest policyPt VI · Ln 12a—

Whistleblower policyPt VI · Ln 13—

Document retention policyPt VI · Ln 14—

CEO/top-official compensation independently reviewedPt VI · Ln 15a—

Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation

Officers, directors & key employeesPt VII · Sec ANot reported

Statement of Revenue

Part VIII

Investment income$427K · 92%

Other revenue$35K · 8%

Investment income92%$427K

Other revenue8%$35K

Total revenueLn 12$462K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

96%

Grants & contributions paid $0.96 Operating & administrative $0.04

Grants & contributions paid96%$2.0M

Operating & administrative4%$86K

Total functional expensesLn 25$2.1M

Balance Sheet

Part X · end of year

CashLn 1$328K

Total assetsLn 16$12.7M

Total liabilitiesLn 26$559K

Total net assetsLn 32$12.1M

Months of cash on handcomputed1.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it

Liquidity & Payout

Payout rate

Grants paid $0 · Total assets $12.7M

Where the money comes from

Contribution dependence

Contributions & grants — · Total revenue $462K

—

Government reliance

not reported

Earned-income share

not reported

Investment reliance

Investment income $0 · Total revenue $462K

Program self-sufficiency

not reported

Growth & trend

Revenue growth (YoY)

This year $462K · Prior year $324K

+43%

Net-asset trend (YoY)

End of year $12.1M · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $462K · Expenses $2.1M

-347%

Liabilities-to-Assets

Total liabilities — · Total assets $12.7M

—

Net-asset ratio

Net assets $12.1M · Total assets $12.7M

96%

People & payroll

Highest Reported Total Compensation

Individual — · Reported title — · Highest reported compensation — · Total expenses $2.1M

No individual compensation reported on this filing

Personnel share

not reported

Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

Metric	This org	Peer median	Percentile
Revenue growth	43%	—	—

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

FY2025 (Latest)$844K revenue · ⤓ 990 PDF

FY2024not on file

FY2023$731K revenue · ⤓ 990 PDF

FY2022$462K revenue · viewing · ⤓ 990 PDF

FY2021$324K revenue · ⤓ 990 PDF

FY2020$411K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2022IRS

Classification, formation year, addressIRS Business Master File

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