Robert W Mccormick Trust Fbo Jefferson High School
- Assets
- $2.3m
- Revenue
- $99.0k
- Investments
- $2.2m
- Employees
- 0
- Location
- Charles Town, WV
- Founding
- 04/1996
- Data as of
- 04/2024
- EIN
- 55-6124577
Organization Overview
Robert W Mccormick Trust Fbo Jefferson High School is located in Charles Town, WV. The organization was established in 1996. According to its NTEE Classification (T30) the organization is classified as: Public 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. Robert W Mccormick Trust Fbo Jefferson High School 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 04/2024, Robert W Mccormick Trust Fbo Jefferson High School generated $99.0k 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 (5.6%) each year. All expenses for the organization totaled $186.3k during the year ending 04/2024. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 3 | $26,535 | |
F Samuel Byrer Trustee | 1.5 | $7,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,863 |
| Dividends & Interest | $88,113 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,856 |
| Capital Gain Net Income | $6,856 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,184 |
| Total Revenue | $99,016 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $33,535 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $712 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $36,341 |
| Contributions, gifts, grants paid | $150,000 |
| Total expenses and disbursements | $186,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $65,369 |
| 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 | $2,059,781 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,266,657 |
| 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 |