William R Daniels Memorial Fund
- Assets
- $7.2m
- Revenue
- $332.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 07/1987
- Data as of
- 06/2023
- EIN
- 34-6857570
Organization Overview
William R Daniels Memorial Fund is located in Brooklyn, OH. The organization was established in 1987. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. William R Daniels Memorial Fund 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 06/2023, William R Daniels Memorial Fund generated $332.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.1%) each year. All expenses for the organization totaled $712.7k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, William R Daniels Memorial Fund has awarded 20 individual grants totaling $2,376,372. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
GRANTS ARE MADE ACCORDING TO TRUST AGREEEMENT DATED DECEMBER 18, 1967,AS AMENDED. KEYBANK, AS TRUSTEE, MAKES DISTRIBUTIONS AS FOLLOWS: 50%TO LAKEWOOD UNITED METHODIST CHURCH, 30% TO THE THREE ARCHES FOUNDATION, FKA LAKEWOOD HOSPITAL, 10%TO LAKEWOOD KIWANIS, 5% TO LAKEWOOD CHRISTIAN CHURCH, AND 5% TO THEBECK CENTER. UNDER THE OHIO INSTITUTIONAL TRUST FUNDS ACT OF 1999, THEBENEFICIARIES HAVE CHOSEN TO RECEIVE THE MAXIMUM OF INCOME BASED ONTHE GREATER OF 5% OF AFV OR TRADITIONAL INCOME. KEYBANK MAINTAINS ARESPONSIVENESS TO THE NEEDS AND ACTIVITIES OF EACH BENEFICIARYORGANIZATION IN THE ATTAINMENT OF ITS MISSION. PLEASE NOTE THECHARITIES HAVE A RIGHT TO REMOVE THE TRUSTEE, THE AUTHORITY TO APPOINTCO-TRUSTEES, AND THE TRUSTEE HAS THE AUTHORITY TO AMEND THE DOCUMENTTO INSURE THE CONTINUATION TO QUALIFY AS A 509(A)3.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS MADE TO LAKEWOOD UNITED METHODIST CHURCH TO BE USED FOR THE EXEMPT PURPOSE OF THE CHURCH.
GRANTS MADE TO THE THREE ARCHES FOUNDATION, FKA LAKEWOOD HOSPITAL TO BE USED FOR THE EXEMPT PURPOSE OF THE FOUNDATION.
GRANTS MADE TO LAKEWOOD KIWANIS TO BE USED FOR ITS EXEMPT PURPOSE.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $267,992 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $64,388 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $332,380 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $641,659 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $66,099 |
| Compensation of current officers, directors, key employees. | $66,099 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,915 |
| Total functional expenses | $712,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $298,492 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,910,407 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,208,899 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $7,208,899 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,208,899 |
Grants Awarded
Over the last fiscal year, William R Daniels Memorial Fund has awarded $641,659 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
LAKEWOOD UNITED METHODIST CHURCH PURPOSE: Grants to be used for the exempt purpose of the church. | $328,883 |
THE THREE ARCHES FOUNDATION FKA LAKEWOOD HOSPITAL FOUNDATION PURPOSE: Grants to be used for exempt purpose of the foundation. | $100,237 |
LAKEWOOD KIWANIS PURPOSE: Grants made for William R Daniel Fdn. | $72,194 |
BECK CENTER PURPOSE: Grants to be used for the exempt purpose of the charity. | $40,108 |
HEALTHY LAKEWOOD FOUNDATION PURPOSE: Grants to be used for the exempt purpose of the foundation | $100,237 |