Meagel Charitable Tr
- Assets
- $18.7m
- Revenue
- $361.1k
- Investments
- $18.3m
- Employees
- 0
- Location
- Parkersburg, WV
- Founding
- 06/2000
- Data as of
- 12/2022
- 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 12/2022, Meagel Charitable Tr generated $361.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Meagel Charitable Tr has awarded 112 individual grants totaling $7,525,678. 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 | $8,772 |
| Dividends & Interest | $542,275 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$209,418 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $19,430 |
| Total Revenue | $361,059 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $178,121 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $49,163 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $231,509 |
| Contributions, gifts, grants paid | $1,349,640 |
| Total expenses and disbursements | $1,581,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,298 |
| Savings and temporary cash investments | $377,105 |
| 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 | $18,674,518 |
| 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 $1,349,640 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: RESEARCH IN WV | $67,482 |
AMERICAN CANCER SOCIETY PURPOSE: RESEARCH AND EDUCATION | $67,482 |
CHILDREN'S HOME OF WHEELING PURPOSE: CARE OF CHILDREN | $67,482 |
ENDOWMENT FOR KING'S DAUGHTERS PURPOSE: CHILD CARE | $67,482 |
HOUSE OF THE CARPENTER PURPOSE: CARE FOR HOMELESS AND THOSE IN NEED | $67,482 |
LIONS CLUB OF WHEELING PURPOSE: SIGHT PRESERVATION | $67,482 |