Adaline E Nugent Educational Fund Parkersburg National Bank Ttee
- Assets
- $137.9k
- Revenue
- $8.8k
- Investments
- $130.3k
- Employees
- 0
- Location
- Parkersburg, WV
- Founding
- 04/1961
- Data as of
- 12/2021
- EIN
- 23-7425082
Organization Overview
Adaline E Nugent Educational Fund Parkersburg National Bank Ttee is located in Parkersburg, WV. The organization was established in 1961. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adaline E Nugent Educational Fund Parkersburg National Bank Ttee 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, Adaline E Nugent Educational Fund Parkersburg National Bank Ttee generated $8.8k 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 (4.0%) each year. All expenses for the organization totaled $9.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SCHOLARSHIPS AWARDED TO LOCAL STUDENTS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $3,377 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,437 |
| Capital Gain Net Income | $5,437 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,816 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,102 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $63 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,665 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $9,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,597 |
| Net Accounts receivable | $56 |
| 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 | $130,255 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $137,908 |
| 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, Adaline E Nugent Educational Fund Parkersburg National Bank Ttee has awarded $5,109 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ELIZA HYDE PURPOSE: TO HELP A WORTHY STUDENT OBTAIN AN EDUCATION WHO MAY NOT OTHERWISE BE ABLE TO AFFORD IT. | $7,380 |
REFUNDS OF PRIOR AMOUNTS NO LONGER PURPOSE: TO HELP A WORTHY STUDENT OBTAIN AN EDUCATION WHO MAY NOT OTHERWISE BE ABLE TO AFFORD IT. | -$2,271 |
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Van Wert County Foundation Van Wert, OH | $84,063,134 | $5,243,606 |
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United States Japan Foundation Owings Mills, MD | $106,169,200 | $4,759,214 |
Ohio Foundation Of Independent Colleges Inc Columbus, OH | $10,019,771 | $4,357,939 |
St Stephen S And St Agnes School Foundation Alexandria, VA | $47,445,810 | $11,356,184 |
Charles B Keesee Educational Fund Incorporated Martinsville, VA | $78,271,755 | $5,985,709 |
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