Charles & Mary Fayne Glotfelty Foundation Inc
- Assets
- $6.4m
- Revenue
- $583.3k
- Investments
- $6.1m
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 08/2011
- Data as of
- 12/2021
- EIN
- 27-4002334
Organization Overview
Charles & Mary Fayne Glotfelty Foundation Inc is located in Charleston, WV. The organization was established in 2011. According to its NTEE Classification (O22) the organization is classified as: Girls Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles & Mary Fayne Glotfelty Foundation Inc 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 12/2021, Charles & Mary Fayne Glotfelty Foundation Inc generated $583.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $328.5k during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Charles & Mary Fayne Glotfelty Foundation Inc has awarded 142 individual grants totaling $1,812,260. 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 |
|---|---|---|---|
Sue Sergi President | 15 | $25,000 | |
Sandra Murphy Secretary | 0 | $0 | |
Bill Bargeloh Director | 0 | $0 | |
Kelly Shafer Treasurer | 0 | $0 | |
Priscilla Haden Vice President | 0 | $0 | |
Elizabeth Pellegrin Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18,008 |
| Dividends & Interest | $97,734 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $467,520 |
| Capital Gain Net Income | $467,520 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $583,262 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,472 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,526 |
| Total operating and administrative expenses | $81,646 |
| Contributions, gifts, grants paid | $246,820 |
| Total expenses and disbursements | $328,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $334,896 |
| Savings and temporary cash investments | $0 |
| 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 | $1,018,989 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,415,043 |
| 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, Charles & Mary Fayne Glotfelty Foundation Inc has awarded $246,820 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
WV SYMPHONY ORCHESTRA PURPOSE: CREATIVE ARTS | $30,000 |
ST ALBANS BRANCH LIBRARY PURPOSE: PUBLIC LIBRARY | $25,000 |
CHARLESTON LIGHT OPERA PURPOSE: CREATIVE ARTS | $20,000 |
TAMARACK MARKETPLACE PURPOSE: CREATIVE ARTS | $16,400 |
WVU MOUNTAINEER HUB PURPOSE: STUDENT FINANCIAL SUPPORT AND SERVICES | $16,000 |
CLAY CENTER PURPOSE: LEARNING CENTER FOR THE ARTS AND SCIENCES | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Austins Place Gibsonia, PA | $1,634,706 | $2,053,258 |
Girls Inc Of Washington County Hagerstown, MD | $1,746,195 | $987,744 |
Ruling Our Experiences Inc Columbus, OH | $3,507,314 | $2,014,475 |
Girls On The Run Of Lancaster Landisville, PA | $590,733 | $688,792 |
Boys & Girls Club Of Greater Lynchburg Lynchburg, VA | $1,269,718 | $950,152 |
Girls On The Run Of South Hampton Roads Virginia Beach, VA | $480,556 | $658,032 |
Girls On The Run Of Montgomery And Delaware Counties Pa Ambler, PA | $477,315 | $491,384 |
Charles & Mary Fayne Glotfelty Foundation Inc Charleston, WV | $6,415,043 | $583,262 |
Girls On The Run Northeast Ohio Brecksville, OH | $436,428 | $360,489 |
Boys & Girls Clubs Of Southern Maryland North Beach, MD | $875,321 | $323,893 |
Jana Marie Foundation State College, PA | $756,296 | $376,704 |
Girls On The Run Of Stark County Canton, OH | $127,561 | $0 |