Albert Schenk Iii And Kathleen H Schenk Char Tr No 1
- Assets
- $9.8m
- Revenue
- $774.1k
- Investments
- $9.7m
- Employees
- 0
- Location
- Wheeling, WV
- Founding
- 12/1999
- Data as of
- 12/2021
- EIN
- 55-0764535
Organization Overview
Albert Schenk Iii And Kathleen H Schenk Char Tr No 1 is located in Wheeling, WV. The organization was established in 1999. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Albert Schenk Iii And Kathleen H Schenk Char Tr No 1 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, Albert Schenk Iii And Kathleen H Schenk Char Tr No 1 generated $774.1k 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 (11.4%) each year. All expenses for the organization totaled $509.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Albert Schenk Iii And Kathleen H Schenk Char Tr No 1 has awarded 71 individual grants totaling $1,102,915. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATION TO YOUTH SERVICES SYSTEM
DONATION TO HOH SHARE, INC.
DONATION TO THE OGLEBAY FOUNDATION
DONATION TO EDUCATION ALLIANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Welp Trustee | 1 | $3,000 | |
Frank A Bonacci Trustee | 1 | $3,000 | |
Mary S Hamilton Trustee | 1 | $3,000 | |
Brian Bonacci Trustee | 1 | $3,000 | |
Sean Hughes Trustee | 1 | $3,000 | |
Chelsee Bonacci Trustee | 1 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $28 |
| Dividends & Interest | $131,503 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $542,522 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $100,000 |
| Total Revenue | $774,053 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,172 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $309 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $147,063 |
| Contributions, gifts, grants paid | $362,815 |
| Total expenses and disbursements | $509,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $63,608 |
| 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 | $1,993,743 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,794,065 |
| 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, Albert Schenk Iii And Kathleen H Schenk Char Tr No 1 has awarded $362,815 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
Wheeling, WV PURPOSE: PROGRAM ASSISTANCE | $53,300 |
Wheeling, WV PURPOSE: PROGRAM ASSISTANCE | $30,000 |
Wheeling, WV PURPOSE: CAPITAL IMPROVEMENTS | $30,000 |
EDUCATION ALLIANCE PURPOSE: PROGRAM ASSISTANCE | $20,425 |
Wheeling, WV PURPOSE: PROGRAM ASSISTANCE | $20,000 |
Wheeling, WV PURPOSE: CAPITAL CAMPAIGN | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clark Charitable Foundation Inc Bethesda, MD | $421,128,793 | $429,131,785 |
General Professional Liability Lass Fund Trust Agreement Pittsburgh, PA | $165,577,722 | $37,293,555 |
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Claude Moore Charitable Foundation Fairfax, VA | $240,670,570 | $26,185,543 |
Community Anti-Drug Coalitions Of America Alexandria, VA | $15,283,034 | $14,789,686 |
William H Davis & Dorothy M Davis & William C Davis Foundation Columbus, OH | $50,622,304 | $3,999,336 |
Traditions At Mill Run Columbus, OH | $9,179,158 | $5,528,068 |
James W And Frances Gibson Mcglothlin Foundation Bristol, VA | $55,479,136 | $5,807,937 |
Yung Family Foundation The Crestview Hills, KY | $4,438,622 | $34,262 |
Lang Rachel Boyce Charitable Trust Xxx-Xx-Xxxx Youngstown, OH | $0 | $17,968 |
J M Lockhart Lockhart J M Ally Herc Pittsburgh, PA | $71,861,137 | $5,661,653 |
John R Mccune Char Trust No 9721 Pittsburgh, PA | $72,660,293 | $3,170,444 |