Albert Schenk Iii And Kathleen H Schenk Char Tr No 1
- Assets
- $8.1m
- Revenue
- $239.8k
- Investments
- $8.1m
- Employees
- 0
- Location
- Wheeling, WV
- Founding
- 12/1999
- Data as of
- 12/2022
- 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 12/2022, Albert Schenk Iii And Kathleen H Schenk Char Tr No 1 generated $239.8k 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 (18.2%) each year. All expenses for the organization totaled $687.2k during the year ending 12/2022. 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 84 individual grants totaling $1,276,290. 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
DONATION TO CATHOLIC CHARITIES WV.
DONATION TO HOH SHARE, INC.
DONATION TO THE SOUP KITCHEN OF GREATER WHEELING INC.
DONATION TO HOUSE OF THE CARPENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louise S Coulling Trustee | 0 | $0 | |
Holly Welp Trustee | 1 | $2,500 | |
Frank A Bonacci Trustee | 1 | $3,000 | |
Mary S Hamilton Trustee | 1 | $2,000 | |
Karen S Sligar Trustee | 1 | $2,500 | |
Sara Yanko Trustee | 1 | $2,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,487 |
| Dividends & Interest | $134,007 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,204 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $101,090 |
| Total Revenue | $239,788 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $42,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,465 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $816 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $143,793 |
| Contributions, gifts, grants paid | $543,425 |
| Total expenses and disbursements | $687,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,711 |
| 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 | $8,144,845 |
| 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 $543,425 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
HOH SHARE INC PURPOSE: PROGRAM ASSISTANCE | $45,000 |
HOUSE OF THE CARPENTER PURPOSE: PROGRAM ASSISTANCE | $40,000 |
MARSHALL CO FAMILY RESOURCE NETWORK PURPOSE: PROGRAM ASSISTANCE | $30,000 |
OGLEBAY FOUNDATION INC PURPOSE: CAPITAL IMPROVEMENTS | $30,000 |
OGLEBAY INSTITUTE PURPOSE: CAPITAL CAMPAIGN | $15,000 |
YOUTH SERVICES SYSTEM PURPOSE: PROGRAM ASSISTANCE | $38,325 |