W Henry Hoover Charitable Tr
- Assets
- $968.1k
- Revenue
- $121.4k
- Investments
- $982.3k
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 07/1994
- Data as of
- 12/2021
- EIN
- 34-7006675
Organization Overview
W Henry Hoover Charitable Tr is located in Brooklyn, OH. The organization was established in 1994. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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 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, W Henry Hoover Charitable Tr generated $121.4k 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 (8.8%) each year. All expenses for the organization totaled $99.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,417 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $101,968 |
| Capital Gain Net Income | $101,968 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $121,385 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,025 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,852 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $38,370 |
| Contributions, gifts, grants paid | $61,550 |
| Total expenses and disbursements | $99,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | -$14,190 |
| 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 | $982,259 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $968,069 |
| 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 Charitable Tr has awarded $61,550 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Canton, OH PURPOSE: GENERAL OPERATING | $16,224 |
Canton, OH PURPOSE: GENERAL OPERATING | $15,599 |
North Canton, OH PURPOSE: GENERAL OPERATING | $15,195 |
Durham, NC PURPOSE: GENERAL OPERATING | $14,532 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joseph & Florence Mandel Family Foundation - Weinberg Family Fund Cleveland, OH | $181,897,996 | $22,134,878 |
The@joseph And Florence Mandel Family Foundation-Michele M And Cleveland, OH | $143,259,703 | $19,572,691 |
Psalms Foundation Cincinnati, OH | $2,676,117 | $10,777,846 |
Hands In Service Incorporated Sellersville, PA | $413,502 | $4,515,148 |
Charity Motors Inc Detroit, MI | $2,508,278 | $4,106,535 |
Philanthropy Network Greater Philadelphia Philadelphia, PA | $1,306,274 | $3,056,265 |
The Grantmakers Of Western Pennsyl Vania Pittsburgh, PA | $3,601,911 | $2,093,159 |
Detroit Association Of Black Organizations Dabo Inc Detroit, MI | $174,773 | $1,935,579 |
Veterans Outreach Youngstown, OH | $937,209 | $2,263,977 |
New Life Thrift Inc Glenside, PA | $1,745,552 | $2,183,383 |
Detroit Lions Charities Allen Park, MI | $661,259 | $1,820,325 |
Urban Alliance Kalamazoo, MI | $4,306,989 | $1,678,413 |