Steel Valley Charities
- Assets
- $1.8m
- Revenue
- $241.7k
- Investments
- $1.5m
- Employees
- 0
- Location
- Bloomingdale, OH
- Founding
- 08/1982
- Data as of
- 09/2022
- EIN
- 34-1365357
Organization Overview
Steel Valley Charities is located in Bloomingdale, OH. The organization was established in 1982. 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. Steel Valley Charities 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 09/2022, Steel Valley Charities generated $241.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $93.0k during the year ending 09/2022. While expenses have increased by 2.4% 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, Steel Valley Charities has awarded 354 individual grants totaling $590,996. 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 |
|---|---|---|---|
Christine Davis Trustee | 0 | $0 | |
Samuel Davis Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $223,000 |
| Interest on Savings | $10,255 |
| Dividends & Interest | $727 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,700 |
| Capital Gain Net Income | $7,700 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $241,682 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $236 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $686 |
| Total operating and administrative expenses | $1,897 |
| Contributions, gifts, grants paid | $91,094 |
| Total expenses and disbursements | $92,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $308,287 |
| 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 | $1,515,342 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,823,629 |
| 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, Steel Valley Charities has awarded $88,107 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
SYCAMORE CENTER PURPOSE: VAN FOR YOUTH TRANSPORTATION | $15,000 |
Amherst, OH PURPOSE: INTERCOUNTRY ADOPTION IN UGANDA | $11,750 |
PRISON FELLOWSHIP MINISTRIES PURPOSE: CHRISTIAN MINISTRIES | $9,956 |
HARMONY UNITED METHODIST CHURCH PURPOSE: CHURCH SUPPORT | $7,800 |
Federal Way, WA PURPOSE: CHRISTIAN HUMANITARIAN ORGANIZATION | $7,706 |
Steubenville, OH PURPOSE: COMMUNITY ASSISTANCE | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
John Joseph Sigstein Foundation Inc Huntington, IN | $0 | $2,327,854 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |
Joseph And Marion Wesley Family Foundation Philadelphia, PA | $658,173 | $9,365,078 |
Herrick Foundation Detroit, MI | $135,749,323 | $10,836,296 |
Wexner Foundation New Albany, OH | $6,442,852 | $9,976,190 |
Arete Foundation Philadelphia, PA | $69,704,325 | $5,927,114 |
The Samuel And Jean Frankel Fine Arts Foundation Bloomfield Hills, MI | $136,493,173 | $6,844,673 |
Bill & Julia Van Domelen Foundation Kalamazoo, MI | $132,053,109 | $12,849,321 |
Hcs Foundation Cleveland, OH | $105,976,263 | $7,902,405 |
Manoogian Simone Foundation Dearborn, MI | $47,087,292 | $4,923,874 |
Consumers Energy Foundation Jackson, MI | $77,869,075 | $10,169,744 |