Michael Christ Fam Tr
- Assets
- $2.4m
- Revenue
- $195.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Wheeling, WV
- Founding
- 07/1993
- Data as of
- 12/2021
- EIN
- 55-6120185
Organization Overview
Michael Christ Fam Tr is located in Wheeling, WV. The organization was established in 1993. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael Christ Fam Tr 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, Michael Christ Fam Tr generated $195.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 52.5% each year . All expenses for the organization totaled $196.1k during the year ending 12/2021. While expenses have increased by 6.0% 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 2015, Michael Christ Fam Tr has awarded 32 individual grants totaling $1,249,690. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PAY ALL OF THE ANNUAL INCOME OF THE TRUST TO OR FOR THE BENEFIT OF THE FOLLOWING CHURCH AND EDUCATIONAL AND RELIGIOUS ORGANIZATIONS IN WHEELING WV: ST. JOSEPH CATHEDRAL AND PARISH, CENTRAL CATHOLIC HIGH SCHOOL, THE SISTERS OF ST. JOSEPH RETIREMENT FUND, AND THE PRIESTS HEALTH AND RETIREMENT FUND FOR THE DIOCESE OF WHEELING-CHARLESTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS REQUIRED BY THE GOVERNING INSTRUMENT ALL DISTRIBUTIONS FROM THE TRUST MUST BE MADE TO ST. JOSEPH CATHEDRAL AND PARISH (WHEELING, WV), CENTRAL CATHOLIC HIGH SCHOOL (WHEELING, WV), THE SISTERS OF ST. JOSEPH RETIREMENT FUND (WHEELING, WV), AND THE PRIESTS HEALTH AND RETIREMENT FUND FOR THE DIOCESE OF WHEELING-CHARLESTON IN FIXED PERCENTAGES. ACCORDINGLY, ALL REVENUE AND EXPENSES OF THE TRUST WERE FOR THE BENEFIT OF THESE FOUR ORGANIZATIONS ACCORDING TO THEIR RESPECTIVE PERCENTAGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William J Yaeger Jr Trustee | Trustee | 1 | $7,980 |
Rev Mark E Brennan Trustee | Trustee | 0.2 | $0 |
Rev Eugene Ostrowski Trustee | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $80,182 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $115,197 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $195,379 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $188,075 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $7,980 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $196,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,103 |
| Savings and temporary cash investments | $87,500 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,203,981 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,366,584 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,333,986 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $32,598 |
| Total liabilities and net assets/fund balances | $2,366,584 |
Grants Awarded
Over the last fiscal year, Michael Christ Fam Tr has awarded $188,075 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ST JOSEPH CATHEDRAL PARISH PURPOSE: RELIGION | $71,469 |
Wheeling, WV PURPOSE: EDUCATIONEDUCATION | $69,588 |
PREISTS' HEALTH AND RETIREMENT FUND PURPOSE: RELIGION | $23,509 |
Wheeling, WV PURPOSE: RELIGION | $23,509 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Healthcare Physicians Inc Martinsburg, WV | $27,421,318 | $84,817,307 |
United Faith Ministries Inc Norfolk, VA | $10,805,826 | $50,029,760 |
Gospel Light Mennonite Church Medical Aid Plan Canton, OH | $23,765,488 | $52,923,721 |
Vision Benefits Of America Inc Suite 400 Carnegie, PA | $64,908,622 | $38,442,292 |
Answers In Genesis Inc Petersburg, KY | $94,175,549 | $47,216,237 |
National Church Residences Foundation Columbus, OH | $124,164,884 | $10,642,562 |
Diakon Child Family & Community Ministries Topton, PA | $23,881,449 | $28,006,448 |
Strategic Resource Group Inc Easton, MD | $12,208,514 | $28,797,480 |
Lutheran Home Westlake, OH | $17,550,739 | $14,990,939 |
Word Among Us Inc Frederick, MD | $22,622,798 | $15,315,908 |
Church Of God Home Inc Carlisle, PA | $19,131,303 | $10,297,438 |
Back 2 Back Ministries Inc Mason, OH | $16,341,723 | $15,736,396 |