Meagel Charitable Tr
- Assets
- $19.9m
- Revenue
- $1.8m
- Investments
- $19.8m
- Employees
- 0
- Location
- Parkersburg, WV
- Founding
- 06/2000
- Data as of
- 12/2021
- EIN
- 55-6138839
Organization Overview
Meagel Charitable Tr is located in Parkersburg, WV. The organization was established in 2000. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Meagel Charitable 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, Meagel Charitable Tr generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 3.7% 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 2016, Meagel Charitable Tr has awarded 80 individual grants totaling $5,238,178. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,002 |
| Dividends & Interest | $542,118 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,242,735 |
| Capital Gain Net Income | $1,242,735 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $42,262 |
| Total Revenue | $1,831,117 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $192,830 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,754 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $201,434 |
| Contributions, gifts, grants paid | $1,208,866 |
| Total expenses and disbursements | $1,410,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $124,993 |
| 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 | $0 |
| Total assets | $19,887,737 |
| 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, Meagel Charitable Tr has awarded $1,208,866 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Wheeling, WV PURPOSE: GENERAL USE FOR PUBLIC PARK | $147,423 |
Wheeling, WV PURPOSE: REHABILITATION SERVICES | $117,939 |
WEST LIBERTY UNIVERSITY FDN PURPOSE: EDUCATIONAL SCHOLARSHIP | $117,939 |
TRINITY LUTHERAN PURPOSE: RELIGIOUS | $117,938 |
ENDOWMENT FOR KING'S DAUGHTERS PURPOSE: CHILD CARE | $58,969 |
AMERICAN CANCER SOCIETY PURPOSE: RESEARCH AND EDUCATION | $58,969 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Npt Charitable Asset Tr Jenkintown, PA | $16,456,984 | $30,273,580 |
Players Philanthropy Fund Towson, MD | $12,344,741 | $23,235,628 |
Joseph & Florence Mandel Family Foundation - Weinberg Family Fund Cleveland, OH | $181,897,996 | $22,134,878 |
The@joseph And Florence Mandel Family Foundation-Michele M And Cleveland, OH | $143,259,703 | $19,572,691 |
Rethink Charity Mineral, VA | $1,112,987 | $5,137,197 |
Psalms Foundation Cincinnati, OH | $2,676,117 | $10,777,846 |
Phi Delta Kappa International Inc Arlington, VA | $1,144,067 | $2,025,770 |
Hands In Service Incorporated Sellersville, PA | $413,502 | $4,515,148 |
Philanthropy Network Greater Philadelphia Philadelphia, PA | $1,306,274 | $3,056,265 |
The Grantmakers Of Western Pennsyl Vania Pittsburgh, PA | $3,601,911 | $2,093,159 |
Moments Of Hope Outreach Studley, VA | $714,742 | $2,126,416 |
Veterans Outreach Youngstown, OH | $937,209 | $2,263,977 |