Hancock County Savings Bank Charitable Foundation
- Assets
- $717.1k
- Revenue
- $80.9k
- Investments
- $705.6k
- Employees
- 0
- Location
- Chester, WV
- Founding
- 08/1999
- Data as of
- 12/2021
- EIN
- 55-0767253
Organization Overview
Hancock County Savings Bank Charitable Foundation is located in Chester, WV. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Hancock County Savings Bank 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, Hancock County Savings Bank Charitable Foundation generated $80.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $58.4k during the year ending 12/2021. While expenses have increased by 2.8% 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 2016, Hancock County Savings Bank Charitable Foundation has awarded 121 individual grants totaling $257,944. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Romie Castelli Trustee | 2 | $0 | |
Steven Cooper Trustee | 2 | $0 | |
Catherine Ferrari Trustee | 2 | $0 | |
Anthony Bernardi Secretary | 2 | $0 | |
Marvin Six Trustee | 2 | $0 | |
Cheryl D Schreiber Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $26 |
| Interest on Savings | $5,733 |
| Dividends & Interest | $24,509 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,649 |
| Capital Gain Net Income | $50,649 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $80,917 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,288 |
| Total operating and administrative expenses | $3,413 |
| Contributions, gifts, grants paid | $55,000 |
| Total expenses and disbursements | $58,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,235 |
| 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 | $204 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $717,078 |
| 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, Hancock County Savings Bank Charitable Foundation has awarded $55,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
CHESTER VOLUNTEER FIRE DEPT PURPOSE: NEW PLAYGROUND EQUIPMENT | $4,500 |
BROOKE HANCOCK COUNTY VETERANS PARK PURPOSE: INSURANCE AND MAINTENANCE | $3,500 |
HANCOCK BROOKE OHIO COUNTIES PURPOSE: COUNSELING SERVICES AND ASSISTANCE | $3,000 |
ST PAUL SCHOOL PURPOSE: UPGRADE INTERNET SYSTEM | $3,000 |
ROTARY CLUB OF BEAVER PURPOSE: BEDS & BEDDING FOR CHILDREN | $3,000 |
COMMUNICYCLE BEAVER COUNTY INC PURPOSE: MOBILE BIKE REPAIR | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Alcoa Foundation Pittsburgh, PA | $146,938,296 | $5,082,676 |
Third Federal Foundation Cleveland, OH | $35,709,526 | $3,618,702 |
Star Foundation Bethlehem, PA | $0 | $17,247 |
Westfield Insurance Foundation Westfield Center, OH | $42,931,784 | $4,362,594 |
Mcleod Family Foundation Inc Roanoke, VA | $24,622,922 | $3,411,070 |
Petters Family Foundation Newport News, VA | $24,802,843 | $3,836,696 |
Giant Eagle Foundation Pittsburgh, PA | $15,044,604 | $6,408,453 |
Morgan Family Foundation Yellow Springs, OH | $51,827,477 | $1,582,241 |
Harry M And Violet Turner Charitable Trust Springfield, OH | $29,217,065 | $2,348,308 |
Alexander And Sarah Cutler Family Foundation Gates Mills, OH | $2,958,061 | $1,879,230 |