Raymond A And Gertrude D Hyer Charitable Foundation
- Assets
- $23.5m
- Revenue
- $1.3m
- Investments
- $21.3m
- Employees
- 0
- Location
- Wheeling, WV
- Founding
- 03/2012
- Data as of
- 12/2021
- EIN
- 45-4168812
Organization Overview
Raymond A And Gertrude D Hyer Charitable Foundation is located in Wheeling, WV. The organization was established in 2012. 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. Raymond A And Gertrude D Hyer Charitable Foundation 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, Raymond A And Gertrude D Hyer Charitable Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 12.6% per year over the past 7 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 2015, Raymond A And Gertrude D Hyer Charitable Foundation has awarded 95 individual grants totaling $3,963,720. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William J Yaeger Jr Trustee | 2.5 | $110,509 | |
Robert J Krall Trustee | 2 | $110,509 | |
Holly S Planinsic Trustee | 2 | $110,508 | |
Robert P Fitzsimmons Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $334 |
| Dividends & Interest | $593,287 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $746,414 |
| Capital Gain Net Income | $746,414 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,340,035 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $331,526 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,851 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,764 |
| Total operating and administrative expenses | $353,141 |
| Contributions, gifts, grants paid | $1,210,000 |
| Total expenses and disbursements | $1,563,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $985,977 |
| Savings and temporary cash investments | $1,259,006 |
| 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 | $1,980,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,517,726 |
| 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, Raymond A And Gertrude D Hyer Charitable Foundation has awarded $1,210,000 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSE OF CARPENTER PURPOSE: YOUTH CENTER BUILDING PROJECT/ EDUCATIONAL PROGRAM/ TRAUMA SENSORY PLAYGROUND | $300,000 |
Wheeling, WV PURPOSE: WINTER FREEZE SHELTER, TECNOLOGY UPGRADES AND SAMARITAN HOUSE | $200,000 |
Wheeling, WV PURPOSE: SCHLOLARSHIPS | $150,000 |
Wheeling, WV PURPOSE: REMODELING & STAFF RETENTION | $120,000 |
OHIO COUNTY PUBLIC LIBRARY PURPOSE: GENERAL OPERATIONS | $100,000 |
Wheeling, WV PURPOSE: STEM/ TECHNOLOGY UPGRADE/ GENERAL OPERATIONS | $74,750 |
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 |