Edith M Timken Family Foundation
- Assets
- $683.6k
- Revenue
- $82.3k
- Investments
- $556.3k
- Employees
- 0
- Location
- Canton, OH
- Founding
- 10/1986
- Data as of
- 09/2023
- EIN
- 34-1524586
Organization Overview
Edith M Timken Family Foundation is located in Canton, OH. The organization was established in 1986. 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. Edith M Timken Family 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 09/2023, Edith M Timken Family Foundation generated $82.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $62.2k during the year ending 09/2023. While expenses have increased by 3.6% per year over the past 7 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, Edith M Timken Family Foundation has awarded 58 individual grants totaling $410,215. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edith M Timken Pres/ttee | 1 | $0 | |
Elizabeth Burnham Timken Vp/ttee | 1 | $0 | |
Deborah Willis Treasurer | 1 | $0 | |
Jonathan Crawford Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $36,437 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,865 |
| Capital Gain Net Income | $45,865 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $82,302 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,161 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $2,161 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $62,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,285 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $683,633 |
| Accounts payable and accrued expenses | $568 |
| 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 | $568 |
Grants Awarded
Over the last fiscal year, Edith M Timken Family Foundation has awarded $60,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ASSISTANCE DOGS OF THE WEST PURPOSE: UNRESTRICTED | $10,000 |
FOOD DEPOT PURPOSE: UNRESTRICTED | $10,000 |
ST JOHNS COLLEGE PURPOSE: UNRESTRICTED | $10,000 |
SANTA FE PRO MUSICA INC PURPOSE: UNRESTRICTED | $10,000 |
THINK NEW MEXICO PURPOSE: UNRESTRICTED | $1,000 |
UWC-USA PURPOSE: UNRESTRICTED | $7,000 |