Darrell K Cales Trust
- Assets
- $5.7m
- Revenue
- $765.0k
- Investments
- $5.5m
- Employees
- 0
- Location
- Rainelle, WV
- Founding
- 11/2018
- Data as of
- 01/2024
- EIN
- 81-6410366
Organization Overview
Darrell K Cales Trust is located in Rainelle, 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 01/2024, Darrell K Cales Trust generated $765.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $682.3k during the year ending 01/2024. While expenses have increased by 19.2% 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 2020, Darrell K Cales Trust has awarded 191 individual grants totaling $2,451,686. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO GREENBRIER WEST HIGH SCHOOL FOR GENERAL SUPPORT AND PURCHASE OF UNIFORMS, EQUIPMENT AND VAN
SCHOLARSHIPS TO GRADUATES OF GREENBRIER WEST HIGH SCHOOL FOR COLLEGE ATTENDANCE
CONTRIBUTIONS TO QUINWOOD VOLUNTEER FIRE DEPARTMENT FOR GENERAL SUPPORT AND EQUIPMENT
CONTRIBUTION TO RAINELLE VOLUNTEER FIRE DEPARTMENT FOR GENERAL SUPPORT AND EQUIPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Buckland Chairman | 2 | $17,637 | |
Sandra Sorrells Director | 2 | $17,637 | |
Andrea Pendleton Director | 1 | $17,637 | |
David Ross Director | 1 | $17,637 | |
Venetta Brown Director | 1 | $17,637 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $264,857 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $500,101 |
| Capital Gain Net Income | $500,101 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $764,958 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $88,185 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,077 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $78 |
| Total operating and administrative expenses | $151,696 |
| Contributions, gifts, grants paid | $530,566 |
| Total expenses and disbursements | $682,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,252 |
| Savings and temporary cash investments | $154,653 |
| 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 | $651,200 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,612 |
| Total assets | $5,704,615 |
| 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 $530,566 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
CRICHTON ELEMENTARY SCHOOL PURPOSE: GENERAL SUPPORT | $15,475 |
MEADOW BRIDGE HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $10,000 |
HINTON AREA FOUNDATION PURPOSE: COMMUNITY SUPPORT | $30,000 |
RAINELLE VOLUNTEER FIRE DEPARTMENT PURPOSE: COMMUNITY SUPPORT | $36,310 |
WESTERN GREENBRIER LITTLE LEAGUE PURPOSE: GENERAL SUPPORT | $10,000 |
L Z RAINELLE WV VETERANS REUNION PURPOSE: GENERAL SUPPORT | $8,000 |