JACK G BUNCHER CHARITABLE FUND FOR THE CARNEGIE LIBRARY OF PITTSBURGH

EIN: 204393050 501(c)(3) Philanthropy & Grantmaking

PITTSBURGH, PA

Total Revenue
$1,276,564
Total Expenses
$1,300,000
Total Assets
$11,022,284
Net Assets
$11,022,284
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
PA
Principal Officer
CAROL ROBINSON
Phone
4126223104
Tax Period
2024-01-01 to 2024-12-31

JACK G BUNCHER CHARITABLE FUND FOR THE CARNEGIE LIBRARY OF PITTSBURGH, founded in 2006, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.3M in total revenue in fiscal year 2024. Net assets of $11.0M represent 104 months of operating reserves.

Mission

THE JACK G. BUNCHER CHARITABLE FUND MAKES GRANTS TO SUPPORT LIBRARY SERVICES AND TO FURTHER THE MISSION OF CARNEGIE LIBRARY OF PITTSBURGH.

Program Service Accomplishments

Program 1
Expenses: $1,300,000

THE JACK G. BUNCHER CHARITABLE FUND PROVIDES GRANTS TO SUPPORT CARNEGIE LIBRARY OF PITTSBURGH'S MISSION. GRANTS SUPPORT THE LIBRARY'S GENERAL OPERATIONS, INCLUDING SERVICES TO SUPPORT EDUCATION...

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THE JACK G. BUNCHER CHARITABLE FUND PROVIDES GRANTS TO SUPPORT CARNEGIE LIBRARY OF PITTSBURGH'S MISSION. GRANTS SUPPORT THE LIBRARY'S GENERAL OPERATIONS, INCLUDING SERVICES TO SUPPORT EDUCATION, WORKFORCE AND ECONOMIC DEVELOPMENT, AND NEIGHBORHOOD VITALITY. THE LIBRARY PROVIDES EARLY LEARNING PROGRAMS FOR INFANTS AND TODDLERS, AS WELL AS ENGAGING SERVICES FOR CHILDREN, TEENS, AND ADULTS. GRANTS ALSO SUPPORT FACILITY IMPROVEMENTS TO ENSURE LIBRARY SPACES ARE WELCOMING AND ACCESSIBLE AND PROVIDE MEANINGFUL EXPERIENCES FOR ALL WHO VISIT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $500,000
Program Service Revenue $0
Investment Income $776,564
Other Revenue $0
TOTAL REVENUE $1,276,564

Expense Breakdown

Grants Paid $1,300,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,300,000
Other Expenses $0
TOTAL EXPENSES $1,300,000

Year-over-Year Comparison

2024 2023 Change
Revenue $1,276,564 $1,296,766 0.0%
Expenses $1,300,000 $1,400,000 -0.1%
Net Income $-23,436 $-103,234 -0.8%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
5
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$491,383
Total Directors
7
$491,383
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW MEDLAR VICE PRESIDE 1.00
Officer Director
$0 $33,167 $291,944
LINDA BARSEVICH TREASURER 1.00
Officer Director
$0 $27,671 $199,439
CAROL ROBINSON PRESIDENT 1.00
Officer Director
$0 $0 $0
GREGORY ZOVKO SECRETARY 1.00
Officer Director
$0 $0 $0
THOMAS J BALESTRIERI DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH M JACKOVIC DIRECTOR 1.00
Director
$0 $0 $0
HOWARD RIEGER DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $1,276,564 $1,300,000 $11,022,284 $-23,436
2023 $1,296,766 $1,400,000 $10,975,730 $-103,234
2022 $1,285,399 $1,200,000 $11,571,751 $85,399
2021 $1,208,205 $1,200,000 $13,029,653 $8,205
2020 $1,108,401 $1,050,000 $10,871,697 $58,401
2019 $1,072,013 $1,250,000 $10,813,296 $-177,987
2018 $1,042,469 $1,350,000 $10,161,207 $-307,531
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