Waynesboro Beneficial Fund Association
- Assets
- $608.8k
- Revenue
- $2.6k
- Investments
- $558.7k
- Employees
- 0
- Location
- Waynesboro, PA
- Founding
- 07/1984
- Data as of
- 10/2023
- EIN
- 23-6279080
Organization Overview
Waynesboro Beneficial Fund Association is located in Waynesboro, PA. The organization was established in 1984. 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. Waynesboro Beneficial Fund Association 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 10/2023, Waynesboro Beneficial Fund Association generated $2.6k 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 (26.0%) each year. All expenses for the organization totaled $36.7k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Waynesboro Beneficial Fund Association has awarded 136 individual grants totaling $969,689. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
BURNS PROPERTY MAINTENANCE - UPKEEP
TOLL GATE HOUSE - UPKEEP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Mangus Director | 1 | $0 | |
Robert Correll Director | 1 | $0 | |
Jackie Mowen Secr/treasurer | 1 | $0 | |
Clint Barkdoll Dir,currentpres | 1 | $0 | |
John Blubaugh President | 1 | $0 | |
Dylan Bryan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,974 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$23,402 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,632 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $4,665 |
| Total operating and administrative expenses | $11,255 |
| Contributions, gifts, grants paid | $25,483 |
| Total expenses and disbursements | $36,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,738 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $2,350 |
| 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 | $558,741 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $608,829 |
| 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, Waynesboro Beneficial Fund Association has awarded $25,483 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY - FRANKLIN COUNTY PURPOSE: SUPPORT ORGANIZATION'S CHARITABLE PURPOSE | $3,983 |
NAVAJO HEALTH FOUNDATION PURPOSE: SUPPORT ORGANIZATION'S CHARITABLE PURPOSE | $2,500 |
WAYNESBORO COMMUNITY CONCERT ASSOCI PURPOSE: SUPPORT ORGANIZATION'S CHARITABLE PURPOSE | $2,500 |
SCHOLARSHIPS PURPOSE: SUPPORT QUALIFIED NEEDY STUDENTS | $13,000 |
THE WAYNE BAND PURPOSE: SUPPORT ORGANIZATION'S CHARITABLE PURPOSE | $1,500 |
WAYNESBORO SUMMER JUBILEE PURPOSE: SUPPORT ORGANIZATION'S CHARITABLE PURPOSE | $1,000 |