Timken Family Charitable Trust
- Assets
- $900.3k
- Revenue
- $44.3k
- Investments
- $733.9k
- Employees
- 0
- Location
- Canton, OH
- Founding
- 03/1990
- Data as of
- 09/2023
- EIN
- 34-6922439
Organization Overview
Timken Family Charitable Trust is located in Canton, OH. The organization was established in 1990. 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. Timken Family Charitable Trust 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 Family Charitable Trust generated $44.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $69.8k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Timken Family Charitable Trust has awarded 189 individual grants totaling $493,650. 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 |
|---|---|---|---|
Ward J Timken Trustee | 0 | $0 | |
Jonathan T Crawford Trustee | 0 | $0 | |
W R Timken Jr Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,766 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,549 |
| Capital Gain Net Income | $14,549 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,315 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $782 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $208 |
| Total operating and administrative expenses | $2,390 |
| Contributions, gifts, grants paid | $67,450 |
| Total expenses and disbursements | $69,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,374 |
| 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 | $900,256 |
| Accounts payable and accrued expenses | $189 |
| 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 | $189 |
Grants Awarded
Over the last fiscal year, Timken Family Charitable Trust has awarded $67,450 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
TULANE UNIVERSITY PURPOSE: 2022-2023 UNRESTRICTED GRANT | $2,500 |
SANTA FE FARMERS MARKET INSTITUTE PURPOSE: 2022-2023 UNRESTRICTED GRANT | $3,000 |
GEORGE WASHINGTON UNIVERSITY PURPOSE: 2022-2023 UNRESTRICTED GRANT | $2,500 |
DUCK UNLIMITED INC PURPOSE: 2022-2023 UNRESTRICTED GRANT | $1,000 |
LAWRENCE SCHOOL PURPOSE: 2022 ANNUAL FUND | $1,000 |
NORTH CANTON MEDICAL FOUNDATION PURPOSE: UNRESTRICTED GRANT 2022-2023 | $500 |