Ben & Betty Walters Charitable Foundation
- Assets
- $162.0k
- Revenue
- $3.9k
- Investments
- $153.6k
- Employees
- 0
- Location
- Morris, PA
- Founding
- 02/2019
- Data as of
- 12/2022
- EIN
- 83-6165893
Organization Overview
Ben & Betty Walters Charitable Foundation is located in Morris, PA. The organization was established in 2019. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Ben & Betty Walters Charitable Foundation 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, Ben & Betty Walters Charitable Foundation generated $3.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (53.1%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE FOUNDATION IS TO PROVIDE SUPPORT FOR EVANGELISM AND TEACHING INDIVIDUALS TO PREACH THE GOSPEL. S1X ORGANIZATIONS BENEFITED IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Duane Wetmore Trustee | 1 | $0 | |
Carol Wetmore Trustee | 1 | $0 | |
Gilbert Harris Trustee | 1 | $0 | |
Lisa Harris Trustee | 1 | $0 | |
Lance Aldinger Trustee | 1 | $0 | |
Glenda Aldinger Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $41 |
| Dividends & Interest | $3,859 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $6,373 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,900 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $54 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5 |
| Total operating and administrative expenses | $3,422 |
| Contributions, gifts, grants paid | $9,600 |
| Total expenses and disbursements | $13,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,442 |
| 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 | $162,007 |
| 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, Ben & Betty Walters Charitable Foundation has awarded $9,600 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SAMARITAN'S PURSE PURPOSE: FURTHER PROGRAMS | $1,600 |
CHILD EVANGELISM FELLOWSHIP PURPOSE: FURTHER PROGRAMS | $1,600 |
ETHNOS360 PURPOSE: FURTHER PROGRAMS | $1,600 |
TONY'S HOPE PURPOSE: FURTHER PROGRAMS | $1,600 |
HEART OF TIOGA COUNTY PURPOSE: FURTHER PROGRAMS | $1,600 |
THREE SPRINGS MINISTRIES PURPOSE: FURTHER PROGRAMS | $1,600 |