Civic Intelligence

Varnum-De Rose Trust

EIN 83-1214640 • Pittsburgh, PA

Pub. 78 Eligible
PO Box 185Pittsburgh, PA 15230-0185
Siviq Scores

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

Liabilities / Assets

24th percentile

0.00x

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

$5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

25th percentile

0.00x

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

$5M-$10M nonprofits • Source year 2024

Net Margin

87th percentile

51%

Higher net margin than 87% of similar nonprofits.

$5M-$10M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$48,229

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

$5M-$10M nonprofits • Source year 2024

Asset Growth

67th percentile

8.9%

Faster asset growth than 67% of similar nonprofits.

$5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

85th percentile

83%

Faster revenue growth than 85% of similar nonprofits.

$5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$7,410,555

Up $604,255 (+8.9%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$7,410,555

Up $604,255 (+8.9%) from 2023

Revenue

Up

$1,176,814

Up $533,439 (+83%) from 2023

Expenses

Down

$571,535

Down $19,153 (-3.2%) from 2023

Net Income

Up

$605,279

Up $552,592 (+1049%) from 2023

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2019: $6,217,195Liabilities 2019: $02019Assets 2020: $6,189,820Liabilities 2020: $0Net Assets 2020: $6,189,8202020Assets 2021: $6,737,202Liabilities 2021: $0Net Assets 2021: $6,737,2022021Assets 2022: $6,704,525Liabilities 2022: $0Net Assets 2022: $6,704,5252022Assets 2023: $6,806,300Liabilities 2023: $0Net Assets 2023: $6,806,3002023Assets 2024: $7,410,555Liabilities 2024: $0Net Assets 2024: $7,410,5552024

Highlighted filing

2024

Assets$7,410,555
Liabilities$0
Net Assets$7,410,555

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2019: $7,191,187Expenses 2019: $413,419Net Income 2019: $6,777,7682019Revenue 2020: $381,799Expenses 2020: $413,129Net Income 2020: -$31,3302020Revenue 2021: $986,557Expenses 2021: $449,045Net Income 2021: $537,5122021Revenue 2022: $538,958Expenses 2022: $571,827Net Income 2022: -$32,8692022Revenue 2023: $643,375Expenses 2023: $590,688Net Income 2023: $52,6872023Revenue 2024: $1,176,814Expenses 2024: $571,535Net Income 2024: $605,2792024

Highlighted filing

2024

Revenue$1,176,814
Expenses$571,535
Net Income$605,279

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 28, 2025
Return Version
2024v5.1
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BNY MELLON N ACo-Trustee-$48,229-$48,229
JAY H MCDOWELL ESQCo-Trustee-$9,658-$9,658
Grants and Assistance

Foundation Grants and Related Investments

TypeRecipientPurposeStatusLocationAmount
Paid GrantPHILLIPS ACADEMYGENERAL OPERATINGPCANDOVER, MA, US$55,000
Paid GrantYALE UNIVERSITYGENERAL OPERATINGPCNEW HAVEN, CT, US$55,000
Paid GrantJOSE LIMON DANCE FOUNDATIONGENERAL OPERATINGPCNEW YORK, NY, US$55,000
Paid GrantST GEORGES SOCIETY OF NEW YORKGENERAL OPERATINGPCNEW YORK, NY, US$40,000
Paid GrantDOROT INCGENERAL OPERATINGPCNEW YORK, NY, US$25,000
Paid GrantPROSTATE ACTION INCGENERAL OPERATINGPCNEW YORK, NY, US$25,000
Paid GrantHAVENS RELIEF FUND SOCIETYGENERAL OPERATINGPCNEW YORK, NY, US$25,000
Paid GrantSHILOH BAPTIST CHURCHGENERAL OPERATINGPCRUFFIN, SC, US$25,000
Paid GrantARTHRITIS FOUNDATIONGENERAL OPERATINGPCATLANTA, GA, US$25,000
Paid GrantST JUDE CHILDRENS RESEARCHGENERAL OPERATINGPCMEMPHIS, TN, US$25,000
Paid GrantCENTER FOR COMMUNITY ALTERNATIVESGENERAL OPERATINGPCSYRACUSE, NY, US$20,000
Paid GrantMONTCLAIR ART MUSEUMGENERAL OPERATINGPCMONTCLAIR, NJ, US$20,000
Paid GrantKIDS IN CLEATS INCGENERAL OPERATINGPCMONTCLAIR, NJ, US$15,000
Paid GrantST JOHNS EPISCOPAL CHURCHGENERAL OPERATINGPCJAMAICA, NY, US$12,000
Paid GrantFIRST PRESBYTERIAN CHURCH OFGENERAL OPERATINGPCMILPITAS, CA, US$12,000
Paid GrantCOMMUNITY BAPTIST CHURCHGENERAL OPERATING PURPOSESPCJAMAICA, NY, US$10,000
Paid GrantDUTCHESS COUNTY SPCAGENERAL OPERATINGPCHYDE PARK, NY, US$10,000
Paid GrantNORTHWELL HEALTHGENERAL OPERATINGPCNEW HYDE PARK, NY, US$10,000
Paid GrantTHE NATURE CONSERVANCYGENERAL OPERATINGPCMAITLAND, FL, US$6,000
Paid GrantBROOKLYN BOTANIC GARDENGENERAL OPERATING PURPOSESPCBROOKLYN, NY, US$6,000
Paid GrantTHE NEW YORK BOTANICAL GARDENGENERAL OPERATINGPCBRONX, NY, US$6,000
Paid GrantSOUTHAMPTON HISTORY MUSEUMGENERAL OPERATINGPCSOUTHAMPTON, NY, US$6,000
Paid GrantTHE LIGHTHOUSE GUILDGENERAL OPERATING PURPOSESPCNEW YORK, NE, US$6,000
Paid GrantHAMPTONS UNITED METHODIST CHURCHGENERAL OPERATINGPCSOUTHAMPTON, NY, US$6,000
Filing and Contact Details

Filer

Filer Name
Varnum-de Rose Trust
EIN
83-1214640
Phone
2129228218
Address
PO BOX 185, PITTSBURGH, PA 15230-0185

Signing Officer

Name
Michael Stagis
Title
Vice President
Phone
2129228218
Signed
2025-03-28
Discuss with paid preparer
Yes

Preparer

Firm
Pwc US Tax Llp
Address
301 GRANT STREET, PITTSBURGH, PA 15219
Preparer
Daniel Waltman
Phone
4123556000
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InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt130G51502105 JOHNSON CTLS INTL PL
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt131G5960L103 MEDTRONIC PLC
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt132H01301128 ALCON INC
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt133V7780T103 ROYAL CARIBBEAN CRUI
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