Civic Intelligence

Gray J M for Pa Acadmy Arts-Char Tr

EIN 25-6376434 • 501(c)3 • Pittsburgh, PA

Profile

The gray j m for pa academy arts charitable trust is a type iii supporting organization which supports the penna academy of fine arts

PO Box 185Pittsburgh, PA 15230-0185

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

71st percentile

18%

Higher net margin than 71% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

45th percentile

$32,115

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 15.4% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

45th percentile

1.7%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

40th percentile

1.7%

Faster revenue growth than 40% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

$2,057,204

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$2,057,204

No earlier filing loaded for comparison.

Revenue

$110,192

No earlier filing loaded for comparison.

Expenses

$141,872

No earlier filing loaded for comparison.

Net Income

-$31,680

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2020: $2,057,204Liabilities 2020: $0Net Assets 2020: $2,057,2042020

Highlighted filing

2020

Assets$2,057,204
Liabilities$0
Net Assets$2,057,204

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2020: $110,192Expenses 2020: $141,872Net Income 2020: -$31,6802020

Highlighted filing

2020

Revenue$110,192
Expenses$141,872
Net Income-$31,680

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 6, 2021
Return Version
2020v4.0
Gross Receipts
$221,629
Mission and Program Overview

Mission

The gray j m for pa academy arts charitable trust is a type iii supporting organization which supports the penna academy of fine arts

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$2,089,026$2,057,202▼ $31,824
Investments in Publicly Traded Securities$1,981,819$1,973,735▼ $8,084
Savings and Temporary Cash Investments$107,207$83,469▼ $23,738
Rtn Earn Endowment Incm Other Fnds-$2-
Total Assets$2,089,026$2,057,204▼ $31,822
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,089,026$2,057,204▼ $31,822
Total Liabilities and Net Assets / Fund Balance$2,089,026$2,057,204▼ $31,822
Compensation and Service Providers

Employees

NameTitleBaseTotal
Bny Mellon N aTrustee$24,369$24,369
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$110,192
Other Revenue
$0
Change in Net Assets
$-31,680
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$115,965
Salaries, Compensation, and Employee Benefits$24,369
Other Expenses$1,538
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$115,965--$115,965
Current Officers, Directors, Trustees, and Key Employees-$24,369-$24,369
Other Expenses-$1,538-$1,538
Total Functional Expenses$115,965$25,907$0$141,872
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Penna Academy of the Fine ArtsPhiladelphia, PA-General Operating Purposes$115,965
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8A

This organization has a sole institutional trustee and does not have a governing body

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8B

This organization has a sole institutional trustee and does not have a governing body

Form 990, Page 6, Part VI, Line 11-description of Process for Review

NO PROCEDURES IN PLACE

Form 990, Page 6, Part VI, Line 19

No documents made available to the public

Form 990, Page 7, Part VII, Section A

Title and average hours per week devoted to position: as trustee, bny mellon, n.a. Provides adminstrative services such as acting as investment manager for the named organization. These services require numerous bank employees involvement in the activities of the organization and thus cannot be quanitifed on an hourly basis. Therefore, the trustee fees are not based upon an hourly basis, but are calculted based upon factors such as the market value of the account and in accordance with bny mellons agreement with the client.

Filing and Contact Details

Filer

Filer Name
Gray J M for Pa Acadmy Arts-char Tr
EIN
25-6376434
Phone
2155533215
Address
PO BOX 185, PITTSBURGH, PA 15230-0185

Signing Officer

Name
Michael Stagis
Title
Vice President
Phone
2155533215
Signed
2021-05-06
Discuss with paid preparer
Yes

Organization Details

Formed
1984
Legal Domicile
Pa
Voting Board Members
1
Independent Board Members
1
Employees
0

Preparer

Firm
Pricewaterhousecoopers Llp
Address
600 GRANT STREET, PITTSBURGH, PA 15219
Preparer
Shawn P Hanlon
Phone
4123556000
Supplemental Narrative

Additional Explanations

FORM 990, PAGE 5, PART V, LINE 8, 9A, 9B

These questions are not applicable as there is not a sponsoring organization maintaining donor advised funds

Form 990, Page 5, Part V

THESE QUESTIONS ARE NOT APPLICABLE AS THIS IS A 501(c)(3) ORGANIZATION

Explanation for Form 990, Part XI, Line 9

This line represents the following adjustments: ($142) prior year return of capital adjustment

Raw XML Appendix361 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE GRAY J M FOR PA ACADEMY ARTS CHAR TR IS A TRUST BNYM SERVES AS SOLE TRUSTEE. BNYM AS TRUSTEE MEETS WITH THE BOARD OF THE PA ACADEMY OF FINE ARTS ANNUALLY AND HAS CONVERSATIONS WITH THE DIRECTOR OF FINANCE AS NEEDS ARISE. THE PA ACADEMY OF FINE ARTS INFOMRS THE TRUSTEE OF WHICH OF THE ORGANIZATIONS STUDENTS RECEIVE SCHOLARSHIPS FUNDED BY THE TRUST.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE TRUSTEE ALSO PROVIDES QUARTERLY STATEMENTS AND A PERFORMANCE SUMMARY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THE PA ACADEMY OF FINE ARTS SELECTS GRANT RECIPIENTS AND INFORMS THE TRUSTEE WHICH OF THE ORGANIZATIONS STUDENTS RECEIVE SCHOLARSHIPS FUNDED BY THE TRUST.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION D, LINE 2 (cont)
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THESE QUESTIONS ARE NOT APPLICABLE AS THERE IS NOT A SPONSORING ORGANIZATION MAINTAINING DONOR ADVISED FUNDS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THESE QUESTIONS ARE NOT APPLICABLE AS THIS IS A 501(c)(3) ORGANIZATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THIS ORGANIZATION HAS A SOLE INSTITUTIONAL TRUSTEE AND DOES NOT HAVE A GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THIS ORGANIZATION HAS A SOLE INSTITUTIONAL TRUSTEE AND DOES NOT HAVE A GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO PROCEDURES IN PLACE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO DOCUMENTS MADE AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TITLE AND AVERAGE HOURS PER WEEK DEVOTED TO POSITION: AS TRUSTEE, BNY MELLON, N.A. PROVIDES ADMINSTRATIVE SERVICES SUCH AS ACTING AS INVESTMENT MANAGER FOR THE NAMED ORGANIZATION. THESE SERVICES REQUIRE NUMEROUS BANK EMPLOYEES INVOLVEMENT IN THE ACTIVITIES OF THE ORGANIZATION AND THUS CANNOT BE QUANITIFED ON AN HOURLY BASIS. THEREFORE, THE TRUSTEE FEES ARE NOT BASED UPON AN HOURLY BASIS, BUT ARE CALCULTED BASED UPON FACTORS SUCH AS THE MARKET VALUE OF THE ACCOUNT AND IN ACCORDANCE WITH BNY MELLONS AGREEMENT WITH THE CLIENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THIS LINE REPRESENTS THE FOLLOWING ADJUSTMENTS: ($142) PRIOR YEAR RETURN OF CAPITAL ADJUSTMENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 5, PART V, LINE 8, 9a, 9b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 5, PART V
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 7, PART VII, SECTION A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7EXPLANATION FOR FORM 990, PART XI, LINE 9
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ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL STAGIS
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRAY J M FOR PA ACADMY ARTS-CHAR TR
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PRICEWATERHOUSECOOPERS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0600 GRANT STREET
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
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ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHAWN P HANLON
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ReturnHeader/ReturnTs02021-05-10T13:00:37-05:00
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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