Richard King Mellon Foundation Dtd 01-01-47
Only null% goes to programs Strong reserves Declining revenue
Richard King Mellon Foundation Dtd 01-01-47 is a 501(c)(3) organization based in Ligonier, Pennsylvania, registered in 1949, with $210,921,643 in FY2024 revenue. CharityIndex grades it B.
Po Box 945, Ligonier, PA, 15658 EIN 25-1127705 Since 1949
Revenue (FY2024)
$210.9M
▲ 64.4% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$141.9M
Net assets
$2.3B
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Richard King Mellon Foundation Dtd 01-01-47— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating191 mo reserves · +33% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Richard King Mellon Foundation Dtd 01-01-47: 191 mo reserves · +33% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Richard King Mellon Foundation Dtd 01-01-47— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Richard King Mellon Foundation Dtd 01-01-47: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 945, Ligonier, PA, 15658
- City
- Ligonier
- State
- Pennsylvania
- Subcategory
- Private Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $225.7M (FY2019) to $210.9M (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $414.5MNet assets $2.3B
Operating margin
32.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.7B
Total liabilities
$414.5M
Net assets
$2.3B
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $210,921,643▲64.4% | $141,876,002▲5.6% | $2,255,438,408▲3.2% | $2,669,964,525▲2.6% | 990PF |
| 2023 | $128,333,063▲17.7% | $134,328,583▼6.1% | $2,186,392,767▼0.3% | $2,601,768,833▼1.1% | 990PF |
| 2022 | $109,039,312▼71.5% | $143,092,568▼16.9% | $2,192,388,287▼2.2% | $2,631,270,857▼0.7% | 990PF |
| 2021 | $383,215,006▲63.7% | $172,101,956▲25.2% | $2,242,243,035▼0.3% | $2,648,950,543▲9.8% | 990PF |
| 2020 | $234,119,683▲3.8% | $137,514,573▼1.4% | $2,249,510,624▲5.5% | $2,413,279,411▲4.8% | 990PF |
| 2019 | $225,656,936 | $139,482,902 | $2,132,423,806 | $2,301,673,237 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Sam Reiman — $863,429 (0.61% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Sam Reiman | Trustee/director | 38 | $863,429 |
| Douglas L Sisson | Trustee/vp/treasurer | 18 | $646,495 |
| Edward J Morgan | Trustee/assistant Treasurer | 18 | $381,526 |
| Brian J Hill | Secretary | 2 | $380,772 |
| Paul A Hannah | Trustee/controller | 10 | $212,411 |
| Alison M Byers Psyd | Trustee | 1 | — |
| Armour N Mellon | Trustee | 1 | — |
| Bruce King Mellon Henderson | Trustee | 1 | — |
| Catharine Mellon Cathey | Trustee/president | 1 | — |
| Constance Elizabeth Mellon Kapp | Trustee | 1 | — |
| Richard A Mellon | Trustee/chairman/ceo | 1 | — |
| W Russell G Byers Jr | Trustee | 1 | — |
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Frequently asked questions
- Is Richard King Mellon Foundation Dtd 01-01-47 a legitimate nonprofit?
- Yes. Richard King Mellon Foundation Dtd 01-01-47 is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 25-1127705, based in Ligonier, Pennsylvania. Donations are tax-deductible.
- What is Richard King Mellon Foundation Dtd 01-01-47's EIN?
- Richard King Mellon Foundation Dtd 01-01-47's Employer Identification Number (EIN) is 25-1127705.
- How much revenue does Richard King Mellon Foundation Dtd 01-01-47 report?
- Richard King Mellon Foundation Dtd 01-01-47 reported $210,921,643 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Richard King Mellon Foundation Dtd 01-01-47 have?
- CharityIndex grades Richard King Mellon Foundation Dtd 01-01-47 B, based on financial health (reserves and operating margin).
- How much does Richard King Mellon Foundation Dtd 01-01-47's highest-paid employee make?
- The highest reported compensation on Richard King Mellon Foundation Dtd 01-01-47's latest Form 990 is $863,429, paid to Sam Reiman (Trustee/director).
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Data for Richard King Mellon Foundation Dtd 01-01-47 (EIN 25-1127705) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.