Darrell K Cales Trust
- Assets
- $5.7m
- Revenue
- $605.0k
- Investments
- $5.4m
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 11/2018
- Data as of
- 01/2022
- EIN
- 81-6410366
Organization Overview
Darrell K Cales Trust is located in Charleston, WV. The organization was established in 2018. 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. Darrell K Cales Trust 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 01/2022, Darrell K Cales Trust generated $605.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $790.3k during the year ending 01/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Darrell K Cales Trust has awarded 117 individual grants totaling $1,329,089. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT CONTRIBUTION TO THE QUINWOOD VOLUNTEER FIRE DEPARTMENT, QUINWOOD, WV TO ASSIST WITH THE PURCHASE OF A NEW TRUCK.
DIRECT CONTRIBUTIONS TO THE SUMMERS COUNTY PUBLIC LIBRARY, HINTON, WV FOR GENERAL SUPPORT.
DIRECT CONTRIBUTION TO THE FIRST BAPTIST CHURCH OF RAINELLE, RAINELLE, WV TO ASSIST WITH ROOF REPAIRS, FOOD PANTRY SUPPORT AND GENERAL SUPPORT.
DIRECT CONTRIBUTION TO THE SMOOT AREA VOLUNTEER FIRE DEPARTMENT, SMOOT, WV FOR PURCHASE OF EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Buckland Chairman | 2 | $16,503 | |
Venetta Brown Director | 1 | $16,503 | |
Sandra Sorrells Director | 2 | $16,502 | |
Andrea Pendleton Director | 1 | $16,502 | |
David Ross Director | 1 | $16,502 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $243,927 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $361,023 |
| Capital Gain Net Income | $317 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $604,950 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $82,512 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,708 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $64 |
| Total operating and administrative expenses | $135,330 |
| Contributions, gifts, grants paid | $654,926 |
| Total expenses and disbursements | $790,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,853 |
| Savings and temporary cash investments | $150,214 |
| 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 | $12,792 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $233,366 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,655,986 |
| 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, Darrell K Cales Trust has awarded $654,926 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
QUINWOOD VOLUNTEER FIRE DEPARTMENT PURPOSE: GENERAL SUPPORT | $75,000 |
Rainelle, WV PURPOSE: COMMUNITY SUPPORT | $50,000 |
SUMMERS COUNTY PUBLIC LIBRARY PURPOSE: COMMUNITY SUPPORT | $50,000 |
SMOOT AREA VOLUNTEER FIRE DEPARTMEN PURPOSE: GENERAL SUPPORT | $34,480 |
Rainelle, WV PURPOSE: GENERAL SUPPORT | $30,757 |
RAINELLE VOLUNTEER FIRE DEPARTMENT PURPOSE: GENERAL SUPPORT | $28,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
The Wexner Family Charitable Fund New Albany, OH | $184,942,197 | $254,449,818 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
Fifth Third Union Trust Co Foundation Cincinnati, OH | $28,852,332 | $17,459,816 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH | $318,390,176 | $10,905,260 |