W E Stone Foundation Inc
- Assets
- $880.5k
- Revenue
- $52.4k
- Investments
- $851.4k
- Employees
- 0
- Location
- Wheeling, WV
- Founding
- 05/1950
- Data as of
- 01/2024
- EIN
- 55-6015330
Organization Overview
W E Stone Foundation Inc is located in Wheeling, WV. The organization was established in 1950. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. W E Stone Foundation Inc 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 01/2024, W E Stone Foundation Inc generated $52.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $91.8k during the year ending 01/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, W E Stone Foundation Inc has awarded 108 individual grants totaling $666,200. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward C Armbrecht Jr Trustee | 0.25 | $0 | |
Ben Exley IV Trustee | 0.25 | $0 | |
Edward C Armbrecht III Secretary/treasurer | 0.25 | $0 | |
Elizabeth J Poggi President/treasurer | 1 | $0 | |
Kathleen Mcdermott Trustee | 0.25 | $0 | |
Cynthia Morrison Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $33,036 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,192 |
| Capital Gain Net Income | $19,192 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $174 |
| Total Revenue | $52,402 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,009 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $334 |
| Total operating and administrative expenses | $11,768 |
| Contributions, gifts, grants paid | $80,000 |
| Total expenses and disbursements | $91,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,525 |
| 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 | $539 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $851,441 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $880,505 |
| 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, W E Stone Foundation Inc has awarded $80,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ARTS AMPLIFIED PURPOSE: SUPPORT | $5,000 |
EXPERIENCE LEARNING PURPOSE: SCHOLARSHIPS AND WV PROGRAMS | $8,000 |
THE LIFE HUB WV PURPOSE: SUPPORT | $6,000 |
NATIONAL ALLIANCE ON MENTAL ILLNESS PURPOSE: SUPPORT | $4,500 |
LINSLY SCHOOL PURPOSE: FINANCIAL AID PROGRAM | $5,000 |
OGLEBAY FOUNDATION PURPOSE: RENOVATIONS | $5,000 |