Jessie Corson Trust
- Assets
- $3.2m
- Revenue
- $524.4k
- Investments
- $3.2m
- Employees
- 0
- Location
- Wheeling, WV
- Founding
- Data as of
- 12/2022
- EIN
- 37-6663674
Organization Overview
Jessie Corson Trust is located in Wheeling, WV. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Jessie Corson 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 12/2022, Jessie Corson Trust generated $524.4k 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 (29.9%) each year. All expenses for the organization totaled $296.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Jessie Corson Trust has awarded 25 individual grants totaling $676,987. 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 |
|---|---|---|---|
Wesbanco Bank Inc Trustee | 1 | $27,255 | |
Henry W Fulton Jr Co-Fiduciary | 1 | $7,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $532 |
| Dividends & Interest | $104,546 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $419,129 |
| Capital Gain Net Income | $419,129 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $149 |
| Total Revenue | $524,356 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $34,755 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,965 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $56,395 |
| Contributions, gifts, grants paid | $239,641 |
| Total expenses and disbursements | $296,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,340 |
| 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 | $3,239,618 |
| 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, Jessie Corson Trust has awarded $239,641 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ANIMAL FRIENDS INC PURPOSE: GENERAL CHARITABLE PURPOSE | $18,000 |
ZOOLOGICAL SOCIETY OF PITTSBURGH PURPOSE: GENERAL CHARITABLE PURPOSE | $50,591 |
BEAVER COUNTY HUMANE SOCIETY PURPOSE: GENERAL CHARITABLE PURPOSE | $40,000 |
HUMANE SOCIETY OF SOMERSET COUNTY PURPOSE: GENERAL CHARITABLE PURPOSE | $45,000 |
HOPE HAVEN FARM SANCTUARY PURPOSE: GENERAL CHARITABLE PURPOSE | $38,000 |
ANGEL RIDGE ANIMAL RESCUE PURPOSE: GENERAL CHARITABLE PURPOSE | $5,000 |