Elmer K & Ethel R Timby Charitable Tr
- Assets
- $8.1m
- Revenue
- $314.4k
- Investments
- $7.7m
- Employees
- 0
- Location
- Newtown, PA
- Founding
- 06/2011
- Data as of
- 12/2022
- EIN
- 45-6251403
Organization Overview
Elmer K & Ethel R Timby Charitable Tr is located in Newtown, PA. The organization was established in 2011. 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. Elmer K & Ethel R Timby 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 12/2022, Elmer K & Ethel R Timby Charitable Tr generated $314.4k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $722.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Elmer K & Ethel R Timby Charitable Tr has awarded 18 individual grants totaling $1,850,882. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS MADE TO CHARITIES TO ACCOMPLISH THEIR CHARITAB
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19,022 |
| Dividends & Interest | $242,953 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,781 |
| Capital Gain Net Income | $51,781 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $608 |
| Total Revenue | $314,364 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,822 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $76,717 |
| Contributions, gifts, grants paid | $645,654 |
| Total expenses and disbursements | $722,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $485 |
| Savings and temporary cash investments | $371,490 |
| 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 | $4,476,478 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,098,273 |
| 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, Elmer K & Ethel R Timby Charitable Tr has awarded $645,654 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
LAHEY CLINIC FOUNDATION PURPOSE: GENERAL FUND | $355,109 |
CHILDREN'S COUNTRY WEEK ASSN PURPOSE: GENERAL FUND | $161,413 |
PRINCETON THEOLOGICAL SEMINARY PURPOSE: GENERAL FUND | $32,283 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL FUND | $32,283 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL FUND | $32,283 |
AMERICAN RED CROSS PURPOSE: GENERAL FUND | $32,283 |