Whalley Charitable Tr
- Assets
- $3.6m
- Revenue
- $204.1k
- Investments
- $3.4m
- Employees
- 0
- Location
- Windber, PA
- Founding
- 11/1972
- Data as of
- 12/2022
- EIN
- 23-7128436
Organization Overview
Whalley Charitable Tr is located in Windber, PA. The organization was established in 1972. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whalley Charitable Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Whalley Charitable Tr generated $204.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $200.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Whalley Charitable Tr has awarded 209 individual grants totaling $1,203,223. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Klementik Trustee | 0 | $10,000 | |
Ruth Klementik Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,607 |
| Dividends & Interest | $100,774 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $100,709 |
| Capital Gain Net Income | $35,606 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $204,090 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $18,000 |
| Pension plans, employee benefits | $1,506 |
| Interest | $0 |
| Taxes | $2,765 |
| Depreciation | $0 |
| Occupancy | $6,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,548 |
| Total operating and administrative expenses | $58,670 |
| Contributions, gifts, grants paid | $142,100 |
| Total expenses and disbursements | $200,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,428 |
| Savings and temporary cash investments | $64,178 |
| Net Accounts receivable | $120,892 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $304 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,739,312 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,030 |
| Total assets | $3,602,865 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Whalley Charitable Tr has awarded $142,100 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ASSN OF UNIVERSITY WOMEN PURPOSE: CHARITABLE | $500 |
GIRL SCOUTS OF WESTERN PA PURPOSE: EDUCATIONAL | $4,000 |
CENTRE VOLUNTEERS IN MEDICINE PURPOSE: SCIENTIFIC | $5,000 |
COMMUNITY FOUNDATION OF THE ALLEGHE PURPOSE: CHARITABLE | $1,640 |
BAND OF BROTHERS SHAKESPEARE COMPAN PURPOSE: CHARITABLE | $1,500 |
LAUREL ARTS PURPOSE: ARTISTIC | $1,000 |