W R Corley Memorial Trust
- Assets
- $4.2m
- Revenue
- $104.5k
- Investments
- $4.2m
- Employees
- 0
- Location
- Joplin, MO
- Founding
- 01/2020
- Data as of
- 06/2024
- EIN
- 84-6694925
Organization Overview
W R Corley Memorial Trust is located in Joplin, MO. The organization was established in 2020. 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. W R Corley Memorial 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 06/2024, W R Corley Memorial Trust generated $104.5k 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 (5.3%) each year. All expenses for the organization totaled $330.8k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, W R Corley Memorial Trust has awarded 177 individual grants totaling $1,020,335. 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
THE W R CORLEY MEMORIAL TRUST SERVES AS A VEHICLE TO SUPPORT VARIOUS CHARITABLE ORGANIZATIONS THROUGH THE DISTRIBUTIONS OF NET INCOME AND PRINCIPAL ANNUALLY.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,253 |
| Interest on Savings | $3,598 |
| Dividends & Interest | $123,500 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$23,872 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $104,479 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $47,067 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $817 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $51,184 |
| Contributions, gifts, grants paid | $279,663 |
| Total expenses and disbursements | $330,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $75,182 |
| 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 | $55,680 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,242,419 |
| 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, W R Corley Memorial Trust has awarded $279,663 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
AREA AGENCY ON AGING REGION X PURPOSE: SUPPORT | $5,000 |
ANGEL GUILD OF JOPLIN PURPOSE: SUPPORT | $4,000 |
CARTHAGE ARTS SUPPORT TEAM DBA ARTCENTRAL PURPOSE: SUPPORT | $2,000 |
BIG BROTHERS BIG SISTERS OF JASPER & NEWTON COUNTIES PURPOSE: SUPPORT | $2,500 |
ASCENT RECOVERY RESIDENCES PURPOSE: SUPPORT | $3,500 |
BOYS & GIRLS CLUB OF SOUTHWEST MISSOURI PURPOSE: SUPPORT | $5,000 |