Ben & Myrtle Walkling Memorial Trust
- Assets
- $2.9m
- Revenue
- $61.0k
- Investments
- $2.8m
- Employees
- 0
- Location
- Port Angeles, WA
- Founding
- 11/1992
- Data as of
- 12/2022
- EIN
- 94-3166048
Organization Overview
Ben & Myrtle Walkling Memorial Trust is located in Port Angeles, WA. The organization was established in 1992. 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. Ben & Myrtle Walkling 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 12/2022, Ben & Myrtle Walkling Memorial Trust generated $61.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $128.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ben & Myrtle Walkling Memorial Trust has awarded 169 individual grants totaling $1,160,230. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE GRANT FOR MEDICAL RELATED ACTIVITIES LOCATED IN CLALLAM COUNTY WASHINGTON THROUGH CCPS AND MEDICAL RELATED SCHOLARSHIPS
EDUCATIONAL COLLEGE SCHOLARSHIPS PAID TO GRADUATES OF PORT ANGELES HIGH SCHOOL AND OUTLYING AREAS
CHARITABLE GRANTS TO NON-PROFIT ORGANIZATIONS IN CLALLAM COUNTY WASHINGTON TO ASSIST WITH NEW PROGRAMS AND CAPITAL IMPROVEMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vicki Corson Chairman | 5 | $0 | |
Tom Anderson Secretary | 5 | $0 | |
Gwyn Callis Director | 2 | $0 | |
Dawn Shideler Director | 2 | $0 | |
K Penny Sanders Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $640 |
| Dividends & Interest | $103,498 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$97,524 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $54,347 |
| Total Revenue | $60,961 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,260 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $939 |
| Total operating and administrative expenses | $37,473 |
| Contributions, gifts, grants paid | $90,870 |
| Total expenses and disbursements | $128,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,169 |
| Savings and temporary cash investments | $39,645 |
| 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 | $2,830,452 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,879,489 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $59,819 |
| 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 | $59,819 |
Grants Awarded
Over the last fiscal year, Ben & Myrtle Walkling Memorial Trust has awarded $153,689 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST STEP FAMILY SUPPORT CENTER PURPOSE: PROGRAM SUPPORT | $1,000 |
CONCERNED CITIZENS PURPOSE: PROGRAM SUPPORT | $3,000 |
HURRICANE RIDGE SKI PATROL PURPOSE: PROGRAM SUPPORT | $3,000 |
OLYMPIC NATURE EXPERIENCE PURPOSE: PROGRAM SUPPORT | $2,000 |
PENINSULA FRIENDS OF ANIMALS PURPOSE: PROGRAM SUPPORT | $5,000 |
PORT ANGELES PUMP TRACK PURPOSE: PROGRAM SUPPORT | $2,000 |