Elizabeth Sarah Kraft Memorial Trust
- Assets
- $1.5m
- Revenue
- $180.1k
- Investments
- $1.3m
- Employees
- 0
- Location
- Wheeling, WV
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 55-6118512
Organization Overview
Elizabeth Sarah Kraft Memorial Trust is located in Wheeling, WV. The organization was established in 0000. 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.
For the year ending 12/2021, Elizabeth Sarah Kraft Memorial Trust generated $180.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 41.9% each year . All expenses for the organization totaled $93.2k during the year ending 12/2021. While expenses have increased by 4.5% per year over the past 4 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 2020, Elizabeth Sarah Kraft Memorial Trust has awarded 12 individual grants totaling $146,358. 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
WESBANCO BANK - RECORD KEEPING , FILING OF PROPER CHARITABLE REPORTS, PAYMENT OF INCOME TO CHARITIES, ETC...
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $34,794 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $145,271 |
| Capital Gain Net Income | $145,271 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $180,066 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,182 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,548 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,405 |
| Contributions, gifts, grants paid | $78,751 |
| Total expenses and disbursements | $93,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $118,022 |
| Net Accounts receivable | $3,044 |
| 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 | $732,121 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,453,303 |
| 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, Elizabeth Sarah Kraft Memorial Trust has awarded $78,751 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
TRUSTEES FIRST PRESBYTERIAN PURPOSE: RELIGION - GENERAL USE | $23,625 |
BROOKE COUNTY PUBLIC LIBRARY PURPOSE: SUPPORT ACTIVITIES OF THE | $19,688 |
Wellsburg, WV PURPOSE: MEDICAL RESEARCH / CHILD | $15,750 |
CHILDREN'S HOME SOCIETY OF WV PURPOSE: CHILD SERVICES - GENERAL | $7,875 |
WV UNIVERSITY FOUNDATION PURPOSE: MEDICAL RESEARCH - GENERAL | $7,875 |
BROOKE COUNTY SALVATION ARMY PURPOSE: PUBLIC ASSISTANCE - GENERAL | $3,938 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Madeline Foundation Baltimore, MD | $27,935,341 | $684,991 |
College Properties Of Lorain County Inc Oberlin, OH | $42,105,647 | $1,116,823 |
Elhapa Foundation Inc Lexington, KY | $43,489,972 | $1,635,816 |
Reitmeier Charitable Trust U-W Fund Pittsburgh, PA | $0 | $783,026 |
Andrew Squire Testamentary Tr Brooklyn, OH | $55,206,125 | $2,759,650 |