Margaret M Walker Charitable Foundation
- Assets
- $3.2m
- Revenue
- $163.5k
- Investments
- $2.9m
- Employees
- 0
- Location
- Youngstown, OH
- Founding
- 06/1996
- Data as of
- 12/2022
- EIN
- 25-1790413
Organization Overview
Margaret M Walker Charitable Foundation is located in Youngstown, OH. The organization was established in 1996. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Margaret M Walker Charitable Foundation 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, Margaret M Walker Charitable Foundation generated $163.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $315.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Margaret M Walker Charitable Foundation has awarded 63 individual grants totaling $2,213,650. 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 |
|---|---|---|---|
Name Not Listed Trustee | 2 | $24,653 | |
Frank Evans Advisory Committee | 1 | $0 | |
Richard Epstein Advisory Committee | 1 | $0 | |
George Warren Advisory Committee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,275 |
| Dividends & Interest | $68,512 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $93,552 |
| Capital Gain Net Income | $93,552 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $118 |
| Total Revenue | $163,457 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,653 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,593 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $286 |
| Total operating and administrative expenses | $33,382 |
| Contributions, gifts, grants paid | $282,000 |
| Total expenses and disbursements | $315,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $222,385 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $943,686 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,154,528 |
| 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, Margaret M Walker Charitable Foundation has awarded $282,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION OF WESTERN PURPOSE: GRANTS TO F.H. BUHL AND | $260,000 |
PENN NORTHWEST DEVELOPMENT CORP PURPOSE: PROGRAM SUPPORT | $15,000 |
WATER FIRE SHARON PURPOSE: PUBLIC SUPPORT | $5,000 |
NEW LIFE BAPTIST CHURCH PURPOSE: PUBLIC SUPPORT | $1,000 |
RANDOM ACTS OF ARTISTS INC PURPOSE: PROGRAM SUPPORT | $1,000 |