Hazel Ruby Mcquain Charitable Tr
- Assets
- $103.3m
- Revenue
- $9.1m
- Investments
- $95.0m
- Employees
- 0
- Location
- Morgantown, WV
- Founding
- 02/1989
- Data as of
- 12/2021
- EIN
- 34-6899181
Organization Overview
Hazel Ruby Mcquain Charitable Tr is located in Morgantown, WV. The organization was established in 1989. 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. Hazel Ruby Mcquain Charitable Tr 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, Hazel Ruby Mcquain Charitable Tr generated $9.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $8.8m during the year ending 12/2021. While expenses have increased by 0.0% 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 2020, Hazel Ruby Mcquain Charitable Tr has awarded 122 individual grants totaling $20,707,608. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George R Farmer Jr Trustee/as Req'd | 0 | $0 | |
Clyde E Bartter Trustee/as Req'd | 0 | $0 | |
Charles D Dunbar Trustee/as Req'd | 0 | $0 | |
Chase L Farmer Trustee/as Req'd | 0 | $0 | |
Brooks H Farmer Trustee/as Req'd | 0 | $0 | |
Stephen B Farmer Trustee/as Req'd | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,130 |
| Dividends & Interest | $4,120,992 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,964,044 |
| Capital Gain Net Income | $4,964,044 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,330 |
| Total Revenue | $9,092,496 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $125,260 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $993,478 |
| Total operating and administrative expenses | $1,151,688 |
| Contributions, gifts, grants paid | $7,663,444 |
| Total expenses and disbursements | $8,815,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,265,962 |
| 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 | $32,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $435,900 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $103,286,088 |
| 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, Hazel Ruby Mcquain Charitable Tr has awarded $7,663,444 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
WEST VIRGINIA UNIVERSITY FOUNDATION PURPOSE: WVU OLYMPIC SPORTS COMPLEX | $1,500,000 |
Morgantown, WV PURPOSE: HAZEL AND J.W. RUBY COMMUNITY CENTER SPORTS COMPLEX | $1,500,000 |
Morgantown, WV PURPOSE: DONATION TO THE GENERAL FUND | $1,000,000 |
CITY OF MORGANTOWN PURPOSE: CAPITAL IMPROVMENTS AND PROGRAMMING FOR THE HAZEL RUBY MCQUAIN AMPHITHEATER | $825,000 |
Morgantown, WV PURPOSE: DONATION FOR THE FOOD PROGRAM | $600,000 |
UNIVERSITY OF MICHIGAN PURPOSE: HEINZE C PRECHTER BIPOLAR FUND | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH | $318,390,176 | $10,905,260 |
Mathile Family Foundation Dayton, OH | $0 | $5,909,915 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
Huntington Foundation Columbus, OH | $456,967 | $10,970,786 |
Zachary Smith Reynolds Trust Pittsburgh, PA | $187,892,547 | $20,789,622 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Manning Family Foundation Charlottesville, VA | $313,144,000 | $17,216,650 |
Nora Roberts Foundation Inc Glenn Dale, MD | $90,657,767 | $17,263,079 |
Linlundh Foundation Huntingdon Valley, PA | $26,974,319 | $5,576,892 |