W Henry Hoover Tr Fund 2842
- Assets
- $4.0m
- Revenue
- $792.0k
- Investments
- $3.3m
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 10/1967
- Data as of
- 12/2021
- EIN
- 34-6573738
Organization Overview
W Henry Hoover Tr Fund 2842 is located in Brooklyn, OH. The organization was established in 1967. 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. W Henry Hoover Tr Fund 2842 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, W Henry Hoover Tr Fund 2842 generated $792.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $380.9k during the year ending 12/2021. While expenses have increased by 4.1% per year over the past 4 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 2019, W Henry Hoover Tr Fund 2842 has awarded 79 individual grants totaling $921,500. 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 |
|---|---|---|---|
Keybank N A Trustee | 2 | $22,131 | |
Lawrence R Hoover Grant Committee Member | 1 | $0 | |
Timothy Hoover Grant Committee Member | 1 | $0 | |
Charles H Hoover Grant Committee Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $105,690 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $686,339 |
| Capital Gain Net Income | $686,339 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $792,029 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,131 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,873 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $276 |
| Total operating and administrative expenses | $51,391 |
| Contributions, gifts, grants paid | $329,500 |
| Total expenses and disbursements | $380,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $692,896 |
| 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 | $3,324,141 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,017,037 |
| 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, W Henry Hoover Tr Fund 2842 has awarded $329,500 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF GREATER STARK COUNTY PURPOSE: GENERAL OPERATING | $55,000 |
ARTS IN STARK COUNTY PURPOSE: GENERAL OPERATING | $40,000 |
OHIO WESLEYAN UNIVERSITY PURPOSE: GENERAL OPERATING | $25,000 |
CANTON SYMPHONY ORCHESTRAOF ART PURPOSE: GENERAL OPERATING | $20,000 |
BUCKEYE COUNCIL PURPOSE: GENERAL OPERATING | $15,000 |
Canton, OH PURPOSE: GENERAL OPERATING | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Van Andel Institute Grand Rapids, MI | $1,815,971,878 | $111,524,637 |
William Davidson Foundation Birmingham, MI | $1,107,938,800 | $127,279,050 |
Ronda E Stryker & William D Johnston Foundation Kalamazoo, MI | $63,637,902 | $79,561,320 |
Gilbert Family Foundation Detroit, MI | $122,833,560 | $20,538,766 |
The Wexner Family Charitable Fund New Albany, OH | $184,942,197 | $254,449,818 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Nina Mason Pulliam Charitable Tr Indianapolis, IN | $513,484,211 | $27,103,020 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
Fifth Third Union Trust Co Foundation Cincinnati, OH | $28,852,332 | $17,459,816 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |