Beels Kenneth W-Char Tr
- Assets
- $5.9m
- Revenue
- $895.6k
- Investments
- $5.7m
- Employees
- 0
- Location
- Hermitage, PA
- Founding
- 05/2004
- Data as of
- 12/2022
- EIN
- 25-6770248
Organization Overview
Beels Kenneth W-Char Tr is located in Hermitage, PA. The organization was established in 2004. 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. Beels Kenneth W-Char Tr 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, Beels Kenneth W-Char Tr generated $895.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 40.9% each year . All expenses for the organization totaled $349.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Beels Kenneth W-Char Tr has awarded 24 individual grants totaling $1,023,135. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 10 | $26,068 | |
Robert Mcfate Co-Trustee | 1 | $29,068 | |
Name Not Listed Previous Trustee | 3 | $2,431 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $114,096 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $781,491 |
| Capital Gain Net Income | $781,491 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $895,587 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $57,567 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,058 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1 |
| Total operating and administrative expenses | $95,401 |
| Contributions, gifts, grants paid | $254,502 |
| Total expenses and disbursements | $349,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $216,113 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,874,161 |
| 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, Beels Kenneth W-Char Tr has awarded $254,502 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
THE PENNSYLVANIA STATE UNIVERSITY PURPOSE: GENERAL OPERATING | $73,806 |
WESTMINSTER COLLEGE PURPOSE: GENERAL OPERATING | $99,256 |
EDENBURG PRESBYTERIAN CHURCH PURPOSE: GENERAL SUPPORT | $25,450 |
CLARION UNIVERSITY FOUNDATION INC PURPOSE: GENERAL OPERATING | $25,450 |
ROTARY FOUNDATION PURPOSE: GENERAL OPERATING | $5,090 |
ST MARK'S UNITED CHURCH OF CHRIST PURPOSE: GENERAL OPERATING | $25,450 |