Overview
What is Penn-Liberty Holding Company?
Penn-Liberty Holding Company serves as a trusted custodian for real estate, specifically for the benefit of the Heinz Endowments, a charitable organization exempt under Section 501(C)(3) of the Internal Revenue Code. The company maintains and oversees the title to this property, acting as a steward for its valued client. By doing so, Penn-Liberty Holding Company plays a crucial role in supporting the mission of the Heinz Endowments, contributing to their ongoing philanthropic activities.
Is Penn-Liberty Holding Company legitimate?
Penn-Liberty Holding Company is a legitimate nonprofit organization registered as a 501(c)(2) entity. Penn-Liberty Holding Company submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Penn-Liberty Holding Company?
Penn-Liberty Holding Company serves as a trustee for real estate assets, primarily benefiting The Heinz Endowments, a charitable organization classified as exempt under section 501(C)(3) of the Internal Revenue Code. The company's primary role is to manage this real estate for the benefit of the endowment. The main program service for which expenses are incurred is the maintenance of this real estate. In essence, Penn-Liberty Holding Company facilitates the preservation and upkeep of real estate assets, which ultimately contribute to the charitable initiatives of The Heinz Endowments.
Who is the CEO of Penn-Liberty Holding Company?
Edward Kolano is the President/Director (Until 2/28/22) of Penn-Liberty Holding Company.
What is the revenue of Penn-Liberty Holding Company?
Penn-Liberty Holding Company's revenue in 2022 was -$12,169.
Who are the executives of Penn-Liberty Holding Company and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $331,481
- Other: $23,159
- Compensation: $0
- Related: $30,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $505,828
- Other: $98,366
Where can I find the form 990 for Penn-Liberty Holding Company?
Penn-Liberty Holding Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Penn-Liberty Holding Company
Penn-Liberty Holding Company serves a unique purpose, acting as a custodian for real estate properties on behalf of the Heinz Endowments, a charitable organization classified as a Section 501(c)(3) entity under the Internal Revenue Code. The company's primary mission is to manage these properties, ensuring they remain in the best possible condition for the benefit of the Heinz Endowments. By holding title to the real estate, Penn-Liberty Holding Company plays a pivotal role in supporting the charitable endeavors and initiatives of the Heinz Endowments. This role allows the foundation to continue its mission of investing in various sectors, including education, arts and culture, environment, and community development, among others.
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Impact
October, 2024
Penn-Liberty Holding Company plays a significant role in managing and maintaining real estate assets for the Heinz Endowments, enhancing the foundation's capacity to fulfill its philanthropic mission. By holding the title to these properties, the company ensures that the real estate is effectively preserved and utilized, allowing the Heinz Endowments to focus on funding various initiatives in the community.
The company’s impact is particularly evident in its commitment to the upkeep and management of these properties, which can be crucial for the sustainable operation of programs supported by the Heinz Endowments. This arrangement allows for streamlined oversight and coordination, ultimately bolstering the foundation's efforts to support philanthropic activities in Pittsburgh and beyond. Through its dedicated maintenance of these assets, Penn-Liberty Holding Company helps safeguard their value and ensure they contribute positively to the community and the mission of the Heinz Endowments.
This information is meant to be a general summary of Penn-Liberty Holding Company. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $25,556
Assets and Liabilities:
- Total Assets: $3,736,555
- Total Liabilities: $0
- Net Assets: $3,736,555
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Organization Details
Founding Year
1979
Phone
(412) 281-5777Principal Officer
Edward Kolano
Main Address
625 LIBERTY AVENUE 30TH FLOOR, PITTSBURGH, PA, 152223110
NTEE Category
Code: T22Z - Philanthropy
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