Harold Glen And Audrey G Benson Trumpower Foundation Inc
- Assets
- $18.2m
- Revenue
- $4.8m
- Investments
- $17.7m
- Employees
- 0
- Location
- Westminster, MD
- Founding
- 08/2019
- Data as of
- 12/2022
- EIN
- 83-2643648
Organization Overview
Harold Glen And Audrey G Benson Trumpower Foundation Inc is located in Westminster, MD. The organization was established in 2019. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Harold Glen And Audrey G Benson Trumpower Foundation Inc 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, Harold Glen And Audrey G Benson Trumpower Foundation Inc generated $4.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (25.4%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Harold Glen And Audrey G Benson Trumpower Foundation Inc has awarded 17 individual grants totaling $2,465,000. 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 |
|---|---|---|---|
Charles E Stoner President | 3 | $20,000 | |
Gerald L Sturgill Vice Preside | 3 | $20,000 | |
Marcus L Primm Director | 3 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $58,019 |
| Dividends & Interest | $574,147 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,142,647 |
| Capital Gain Net Income | $4,142,647 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,774,813 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,669 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $63,550 |
| Total operating and administrative expenses | $145,364 |
| Contributions, gifts, grants paid | $900,000 |
| Total expenses and disbursements | $1,045,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,757 |
| Savings and temporary cash investments | $509,752 |
| 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 | $18,231,182 |
| 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, Harold Glen And Audrey G Benson Trumpower Foundation Inc has awarded $900,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
THE COMMUNITY FOUNDATION OF PURPOSE: SCHOLARSHIPS/EDUCATION | $710,000 |
CARROLL COUNTY HUMANE SOCIETY PURPOSE: SCHOLARSHIPS/EDUCATION | $15,000 |
BOYS AND GIRLS CLUB OF WESTMINSTER PURPOSE: SCHOLARSHIPS/EDUCATION | $15,000 |
TARGET COMMUNITY & EDUCATIONAL PURPOSE: SCHOLARSHIPS/EDUCATION | $15,000 |
CARROLL HOSPITAL FOUNDATION PURPOSE: SCHOLARSHIPS/EDUCATION | $100,000 |
ARC OF CARROLL COUNTY PURPOSE: SCHOLARSHIPS/EDUCATION | $15,000 |