Pearl G & Ruby Hollandsworth Memorial Tr
- Assets
- $4.2m
- Revenue
- $345.5k
- Investments
- $2.9m
- Employees
- 0
- Location
- Clarksburg, WV
- Founding
- 09/2009
- Data as of
- 12/2022
- EIN
- 26-6577320
Organization Overview
Pearl G & Ruby Hollandsworth Memorial Tr is located in Clarksburg, WV. The organization was established in 2009. 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. Pearl G & Ruby Hollandsworth Memorial 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, Pearl G & Ruby Hollandsworth Memorial Tr generated $345.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $255.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Pearl G & Ruby Hollandsworth Memorial Tr has awarded 168 individual grants totaling $571,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES GRANTS AND SCHOLARSHIPS. FOR 2022, IT AWARDED 182,000.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,917 |
| Dividends & Interest | $101,682 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $235,921 |
| Capital Gain Net Income | $1,067 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $345,520 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,348 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,405 |
| Printing and publications | $0 |
| Other expenses | $1,259 |
| Total operating and administrative expenses | $73,196 |
| Contributions, gifts, grants paid | $182,000 |
| Total expenses and disbursements | $255,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $294,576 |
| Net Accounts receivable | $3,811 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,000,000 |
| Total assets | $4,178,761 |
| 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, Pearl G & Ruby Hollandsworth Memorial Tr has awarded $182,000 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
CLARKSBURG BAPTIST CHURCH PURPOSE: CONTRIBUTION | $16,000 |
CLARKSBURG MISSION INC PURPOSE: CONTRIBUTION | $16,000 |
UNITED WAY OF HARRISON CO PURPOSE: CONTRIBUTION | $16,000 |
HARRISON CO YMCA PURPOSE: CONTRIBUTION | $8,000 |
SALVATION ARMY PURPOSE: CONTRIBUTION | $8,000 |
ALDERSON BROADDUS COLLEGE PURPOSE: CONTRIBUTION | $16,000 |