Ralph R Mcveen Charitable Trust
- Assets
- $1.1m
- Revenue
- $78.4k
- Investments
- $911.9k
- Employees
- 0
- Location
- Independence, OH
- Founding
- 05/2001
- Data as of
- 12/2021
- EIN
- 91-2061487
Organization Overview
Ralph R Mcveen Charitable Trust is located in Independence, OH. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Ralph R Mcveen Charitable 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 12/2021, Ralph R Mcveen Charitable Trust generated $78.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $81.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ralph R Mcveen Charitable Trust has awarded 38 individual grants totaling $268,620. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26,582 |
| Dividends & Interest | $4,436 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $47,394 |
| Capital Gain Net Income | $47,394 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $78,412 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,396 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,993 |
| Total operating and administrative expenses | $34,293 |
| Contributions, gifts, grants paid | $46,764 |
| Total expenses and disbursements | $81,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $201,097 |
| Savings and temporary cash investments | $0 |
| 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 | $481,741 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,148 |
| Total assets | $1,114,124 |
| 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, Ralph R Mcveen Charitable Trust has awarded $46,764 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ST CHARLES BORROMEO CHURCH PURPOSE: CHARITABLE-DISCRETIONARY | $24,000 |
Cleveland, OH PURPOSE: CHARITABLE-DISCRETIONARY | $5,000 |
SAVE A WARRIOR PURPOSE: CHARITABLE-DISCRETIONARY | $5,000 |
Cincinnati, OH PURPOSE: CHARITABLE-DISCRETIONARY | $4,764 |
SHRINER'S HOSPITAL FOR CRIPPLED CHI PURPOSE: CHARITABLE-DISCRETIONARY | $4,000 |
Memphis, TN PURPOSE: CHARITABLE-DISCRETIONARY | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Alcoa Foundation Pittsburgh, PA | $146,938,296 | $5,082,676 |
Third Federal Foundation Cleveland, OH | $35,709,526 | $3,618,702 |
Gii Charities Grand Rapids, MI | $4,065,002 | $6,112,431 |
Star Foundation Bethlehem, PA | $0 | $17,247 |
Westfield Insurance Foundation Westfield Center, OH | $42,931,784 | $4,362,594 |
Giant Eagle Foundation Pittsburgh, PA | $15,044,604 | $6,408,453 |
Morgan Family Foundation Yellow Springs, OH | $51,827,477 | $1,582,241 |
Harry M And Violet Turner Charitable Trust Springfield, OH | $29,217,065 | $2,348,308 |
Penske Foundation Inc Bloomfield Hills, MI | $17,008,099 | $10,243,924 |
Alexander And Sarah Cutler Family Foundation Gates Mills, OH | $2,958,061 | $1,879,230 |
Clyde And Maycel Clark Foundation Inc Portsmouth, OH | $18,068,185 | $1,230,534 |