1912 Charitable Foundation
- Assets
- $1.0m
- Revenue
- $101.3k
- Investments
- $993.8k
- Employees
- 0
- Location
- Bluefield, WV
- Founding
- 09/1996
- Data as of
- 12/2022
- EIN
- 55-6131272
Organization Overview
1912 Charitable Foundation is located in Bluefield, WV. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. 1912 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 12/2022, 1912 Charitable Foundation generated $101.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $123.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, 1912 Charitable Foundation has awarded 58 individual grants totaling $304,900. 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 |
|---|---|---|---|
J Peter Richardson Selection Committee | 1 | $0 | |
Crystal R Cline Selection Committee | 1 | $0 | |
First Community Bank Trustee | 5 | $15,000 | |
Diana Coulthard Selection Committee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,380 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $70,938 |
| Capital Gain Net Income | $70,938 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $101,318 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,388 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $17,288 |
| Contributions, gifts, grants paid | $105,800 |
| Total expenses and disbursements | $123,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139 |
| Savings and temporary cash investments | $9,454 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $551 |
| Total assets | $1,003,978 |
| 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, 1912 Charitable Foundation has awarded $105,800 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
BUCKSKIN COUNCIL INC PURPOSE: SCOUTING PROGRAMS | $1,000 |
MERCER COUNTY SPAY ASSOCIATION PURPOSE: SPAYING/NEUTERING OF DOGS & | $500 |
CITY OF BLUEFIELD PURPOSE: BEAUTIFICATION COMMISSION | $5,300 |
BLUEFIELD STATE COLLEGE PURPOSE: PRESIDENT'S DISCRETIONARY | $5,000 |
AMERICAN RED CROSS SE WEST VIRGINIA PURPOSE: GENERAL DISASTER FUND | $5,000 |
MERCER COUNTY HUMANE SOCIETY PURPOSE: SHELTER IMPROVEMENT | $3,000 |