Npt Charitable Asset Trust
THE MISSION OF THE NPT CHARITABLE ASSET TRUST IS TO PROVIDE SUPPORT FOR HEALTH, HUMAN SERVICES, PUBLIC SOCIETAL BENEFIT, CULTURE & ARTS, AND EDUCATIONAL PURPOSES IN FURTHERANCE OF THE MISSION OF NATIONAL PHILANTHROPIC TRUST (NPT). THE NPT CHARITABLE ASSET TRUST IS A SUPPORTING ORGANIZATION TO NPT, AN INDEPENDENT, NATIONALLY-RECOGNIZED PUBLIC CHARITY WITH A MISSION TO INCREASE PHILANTHROPY IN SOCIETY.
IRS Tax Year 2023
Period ending June 30, 2024
Total Revenue
$927K
Total Expenses
$1.4M
Net Assets
$16.4M
Employees
0
Volunteers
16
Grants Paid
$697K
Program Expense Ratio
55.5%
This nonprofit profile presents IRS Form 990 tax filing data for Npt Charitable Asset Trust (EIN: 27-7059768), based on the 2023 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Npt Charitable Asset Trust is a 501(c)(3) nonprofit headquartered in JENKINTOWN, PA, founded in 2011. It is classified under NTEE code T50 (Philanthropy, Charity & Voluntarism Promotion), within the Philanthropy, Voluntarism & Grantmaking category. The organization has held tax-exempt status since 2011. In its 2023 filing, the organization reported $927K in total revenue, a 87.5% decrease from the prior year, and $1.4M in total expenses. The organization engaged 16 volunteers. EILEEN R HEISMAN, TRUSTEE, PRESIDENT, is the highest-compensated individual at $939,995. The organization runs 1 program, totaling $781K in program expenses. 4 of 6 recommended governance policies are in place.
Npt Charitable Asset Trust is classified under NTEE code T50 (Philanthropy, Charity & Voluntarism Promotion), which falls within the Philanthropy, Voluntarism & Grantmaking category. Its foundation type is 21.
Programs(Tax Year 2023)
1 record
Npt Charitable Asset Trust operates 1 program, with total program expenses of $781K. Npt Charitable Asset Trust's largest program accounts for 100% of total program spending.
NPT CHARITABLE ASSET TRUST PROVIDED GRANTS TOTALING $696,808 TO PROVIDE CHARITABLE SUPPORT PRIMARILY IN AREAS OF HEALTH, HUMAN SERVICES, EDUCATION, CULTURE AND ARTS, AND PUBLIC SOCIETAL BENEFIT ALL IN SUPPORT OF THE MISSION OF NPT, TO INCREASE PHILANTHROPY IN SOCIETY.
Financial Overview(Tax Years 2019–2023)
5 records
Over the past 5 years, Npt Charitable Asset Trust's revenue has declined from $30.3M to $927K, a 96.9% decrease. Program expenses represent 55% of total spending.
Revenue decreased 87.5% year-over-year, while expenses declined 88.2%. net assets fell to $16.4M, down 2.1% from the prior year.
Npt Charitable Asset Trust derives 2% from contributions and grants, with 90% from investment income.
Revenue is primarily driven by investment income (90%), with contributions and grants at 2%.
Npt Charitable Asset Trust allocates 55% to programs, 45% to management and general.
Revenue declined by 87.5% and expenses declined by 88.2% year over year.
Npt Charitable Asset Trust distributed $697K in grants to other organizations and individuals, representing 49% of total expenses.
Over 5 filings from 2019–2023, Npt Charitable Asset Trust declined revenue from $30.3M to $927K (-96.9%) while maintaining a program expense ratio of 55%.
Npt Charitable Asset Trust holds $17.4M in total assets against $982K in liabilities (debt-to-asset ratio of 6%). The organization has 139.8 months of operating reserves. Cash and equivalents of $0 cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2023 | $927K | $18K | $0 | $0 | $832K |
| 2022 | $7.4M | $3.9M | $0 | $0 | $3.5M |
| 2021 | $7.0M | $5.5M | $0 | $0 | $1.5M |
| 2020 | $18.3M | $18.4M | $0 | $0 | $-18K |
| 2019 | $30.3M | $30.5M | $0 | $0 | $-266K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2023 | $1.4M | $781K | $628K | $0 | $697K |
| 2022 | $12.0M | $11.7M | $266K | $0 | $11.7M |
| 2021 | $6.5M | $6.5M | $30K | $0 | $6.5M |
| 2020 | $14.2M | $13.3M | $888K | $0 | $13.3M |
| 2019 | $18.0M | $17.1M | $819K | $0 | $17.1M |
Program Expense Ratio
55.5%
Admin Expense Ratio
44.5%
Fundraising Efficiency
—
Operating Reserve
139.8 mo
People & Compensation(Tax Year 2023)
25 records
Npt Charitable Asset Trust reported compensation for 25 officers and key employees. Total officer compensation was $2.3M, representing 165.3% of total expenses. 1 individual received total compensation exceeding $500,000.
Npt Charitable Asset Trust's highest-compensated individual received $940K in total compensation. Total officer compensation of $2.3M represents 165.3% of total expenses. 1 individual received total compensation exceeding $500,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| EILEEN R HEISMAN | TRUSTEE, PRESIDENT | OfficerDirector | 3.00 | $0 | $895,670 | $939,995 |
| ANDREA RUSH | ASST. SECRETARY | Officer | 3.00 | $0 | $236,557 | $280,983 |
| DEBRA FALK | SECRETARY | Officer | 3.00 | $0 | $226,487 | $266,345 |
| ELLEN M MCGUINN FORMER | TREASURER | Former | — | $0 | $237,495 | $261,549 |
| JEREMY SCHWARTZ | ASST. TREASURER | Officer | 3.00 | $0 | $193,794 | $235,484 |
| ANDREA KATZ | ASST. TREASURER | Officer | 3.00 | $0 | $139,481 | $175,405 |
| QUINN ROWAN | ASST. SECRETARY | Officer | 3.00 | $0 | $86,712 | $119,249 |
| CHRISTINA HACK | TREASURER | Officer | 3.00 | $0 | $48,450 | $50,561 |
| LINDY MORENO | TRUSTEE | Director | 1.00 | $0 | $0 | $0 |
| LINDA MYERS | TRUSTEE | Director | 1.00 | $0 | $0 | $0 |
| LISA PATTIS | TRUSTEE | Director | 1.00 | $0 | $0 | $0 |
| ERIC REEVES | TRUSTEE | Director | 1.00 | $0 | $0 | $0 |
| DIANA SANDS | TRUSTEE | Director | 1.00 | $0 | $0 | $0 |
| PAUL SCHREIBER | TRUSTEE | Director | 1.00 | $0 | $0 | $0 |
| MANISH SHAH | TRUSTEE | Director | 1.00 | $0 | $0 | $0 |
| DAVID WEZDENKO | TRUSTEE | Director | 1.00 | $0 | $0 | $0 |
| SUZANNE YOON | TRUSTEE, CHAIR | OfficerDirector | 1.00 | $0 | $0 | $0 |
| KELLY WILLIAMS | TRUSTEE | Director | 1.00 | $0 | $0 | $0 |
| JEFFREY ARMBRISTER | TRUSTEE | Director | 1.00 | $0 | $0 | $0 |
| JORAM BORENSTEIN | TRUSTEE | Director | 1.00 | $0 | $0 | $0 |
| ANN DUGAN | TRUSTEE | Director | 1.00 | $0 | $0 | $0 |
| CONNIE COLLINGSWORTH | TRUSTEE | Director | 1.00 | $0 | $0 | $0 |
| JULIUS GREEN | TRUSTEE | Director | 1.00 | $0 | $0 | $0 |
| STEPHEN HOPKINS | TRUSTEE | Director | 1.00 | $0 | $0 | $0 |
| DIRK JUNGE | TRUSTEE | Director | 1.00 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
EILEEN R HEISMAN
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
ANDREA RUSH
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
DEBRA FALK
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
ELLEN M MCGUINN FORMER
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
JEREMY SCHWARTZ
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
ANDREA KATZ
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2023)
Npt Charitable Asset Trust has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 17 members, 16 of whom are independent.
Npt Charitable Asset Trust's financial statements are audited.
Npt Charitable Asset Trust delegates management duties to an outside firm.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2023)
9 records
Npt Charitable Asset Trust awarded $696K across 9 grants to organizations. Top recipients include NATIONAL PHILANTHROPIC TRUST (JENKINTOWN, PA) — $317K for public, societal benefit; AUCTION NAPA VALLEY DBA COLLECTIVE NAPA VALLEY (ST HELENA, CA) — $122K for health; NAPA VALLEY FESTIVAL ASSOCIATION (NAPA, CA) — $85K for human services.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| NATIONAL PHILANTHROPIC TRUST237825575 | JENKINTOWN, PA | $317K | PUBLIC, SOCIETAL BENEFIT |
| AUCTION NAPA VALLEY DBA COLLECTIVE NAPA VALLEY942702203 | ST HELENA, CA | $122K | HEALTH |
| NAPA VALLEY FESTIVAL ASSOCIATION264008029 | NAPA, CA | $85K | HUMAN SERVICES |
| NIMBUS ARTS271503762 | ST HELENA, CA | $70K | CULTURE & ARTS |
| ST HELENA HOSPITAL FOUNDATION201384250 | ST HELENA, CA | $35K | HEALTH |
| SILVERLAKE CONSERVATORY OF MUSIC270030546 | LOS ANGELES, CA | $30K | EDUCATION |
| OLE HEALTH FOUNDATION680149424 | NAPA, CA | $20K | HEALTH |
| ECC NEPAL825186047 | WEBSTER GROVES, MO | $10K | EDUCATION |
| NOTES FOR EDUCATION INC272087987 | NAPA, CA | $7K | CULTURE & ARTS |
Supplemental Financial Data(Tax Year 2023)
Npt Charitable Asset Trust operates a donor-advised fund (DAF) program with 18 accounts.
Filing History(Tax Years 2011–2023)
5 records
Showing the 5 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2023 | 990 | 2023-07-01 – 2024-06-30 | $927K | $1.4M | $16.4M |
| 2022 | 990 | 2022-07-01 – 2023-06-30 | $7.4M | $12.0M | $16.8M |
| 2021 | 990 | 2021-07-01 – 2022-06-30 | $7.0M | $6.5M | $21.0M |
| 2020 | 990 | 2020-07-01 – 2021-06-30 | $18.3M | $14.2M | $20.8M |
| 2019 | 990 | 2019-07-01 – 2020-06-30 | $30.3M | $18.0M | $15.5M |
| 2011–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Npt Charitable Asset Trust do?
THE MISSION OF THE NPT CHARITABLE ASSET TRUST IS TO PROVIDE SUPPORT FOR HEALTH, HUMAN SERVICES, PUBLIC SOCIETAL BENEFIT, CULTURE & ARTS, AND EDUCATIONAL PURPOSES IN FURTHERANCE OF THE MISSION OF NATIONAL PHILANTHROPIC TRUST (NPT). THE NPT CHARITABLE ASSET TRUST IS A SUPPORTING ORGANIZATION TO NPT, AN INDEPENDENT, NATIONALLY-RECOGNIZED PUBLIC CHARITY WITH A MISSION TO INCREASE PHILANTHROPY IN SOCIETY.
How much revenue does Npt Charitable Asset Trust have?
Npt Charitable Asset Trust reported $926,668 in total revenue for tax year 2023, down 87.5% from the prior year.
Who is the highest-paid executive at Npt Charitable Asset Trust?
EILEEN R HEISMAN, TRUSTEE, PRESIDENT, received $939,995 in total compensation as of tax year 2023.
Is Npt Charitable Asset Trust a 501(c)(3)?
Yes, Npt Charitable Asset Trust is classified as a 501(c)(3) tax-exempt organization.
Where is Npt Charitable Asset Trust located?
Npt Charitable Asset Trust is headquartered in JENKINTOWN, PA 19046.
What type of nonprofit is Npt Charitable Asset Trust?
Npt Charitable Asset Trust is classified under NTEE code T50 (Philanthropy, Charity & Voluntarism Promotion), within the Philanthropy, Voluntarism & Grantmaking category. It is a 501(c)(3) tax-exempt organization.
Is Npt Charitable Asset Trust audited?
Yes, Npt Charitable Asset Trust's financial statements are audited.
Does Npt Charitable Asset Trust give grants?
Yes, Npt Charitable Asset Trust distributed $696,808 in grants to other organizations and individuals in tax year 2023. Top recipients include NATIONAL PHILANTHROPIC TRUST, AUCTION NAPA VALLEY DBA COLLECTIVE NAPA VALLEY, NAPA VALLEY FESTIVAL ASSOCIATION.
Data Source
Prepared by: RSM US LLP, PHILADELPHIA, PA
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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