The Timken Matthews Family Foundation
- Assets
- $8.2m
- Revenue
- $527.8k
- Investments
- $8.1m
- Employees
- 0
- Location
- Canton, OH
- Founding
- 10/1986
- Data as of
- 09/2023
- EIN
- 34-1526564
Organization Overview
The Timken Matthews 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. Timken Matthews 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, Timken Matthews Family Foundation generated $527.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.9%) each year. All expenses for the organization totaled $574.3k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Timken Matthews Family Foundation has awarded 103 individual grants totaling $2,545,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane M Timken Pres/ttee | 1 | $0 | |
Jonathan Crawford Treas | 1 | $0 | |
Susan M Matthews Sec/ttee | 1 | $0 | |
Thomas W Matthews Vp/ttee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $175,666 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $352,141 |
| Capital Gain Net Income | $352,141 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $527,807 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,481 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61,980 |
| Total operating and administrative expenses | $69,261 |
| Contributions, gifts, grants paid | $505,000 |
| Total expenses and disbursements | $574,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,202 |
| 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 | $5,464 |
| Total assets | $8,244,285 |
| 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, The Timken Matthews Family Foundation has awarded $505,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
AQUIDNECK ISLAND LAND TRUST PURPOSE: 2022-2023 UNRESTRICTED GRANT | $20,000 |
BOSTON FOOD BANK PURPOSE: 2022-2023 UNRESTRICTED GRANT | $30,000 |
CERES PURPOSE: 2022-2023 UNRESTRICTED GRANT | $50,000 |
CONSERVATION LAW FOUNDATION PURPOSE: 2022-2023 UNRESTRICTED GRANT | $30,000 |
DORCAS INTERNATIONAL INSTITUTE OF RI PURPOSE: 2022-2023 UNRESTRICTED GRANT | $25,000 |
EARTHJUSTICE PURPOSE: 2022-2023 UNRESTRICTED GRANT | $50,000 |