Pearl G & Ruby Hollandsworth Memorial Tr
- Assets
- $4.1m
- Revenue
- $526.1k
- Investments
- $3.8m
- Employees
- 0
- Location
- Clarksburg, WV
- Founding
- 09/2009
- Data as of
- 12/2021
- EIN
- 26-6577320
Organization Overview
Pearl G & Ruby Hollandsworth Memorial Tr is located in Clarksburg, WV. The organization was established in 2009. 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. Pearl G & Ruby Hollandsworth Memorial 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 12/2021, Pearl G & Ruby Hollandsworth Memorial Tr generated $526.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $271.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Pearl G & Ruby Hollandsworth Memorial Tr has awarded 111 individual grants totaling $389,000. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES GRANTS AND SCHOLARSHIPS. FOR 2021, IT AWARDED 185,500.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $122,619 |
| Interest on Savings | $19,862 |
| Dividends & Interest | $102,571 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $281,032 |
| Capital Gain Net Income | $1,826 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $526,084 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,700 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,162 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,267 |
| Printing and publications | $0 |
| Other expenses | $1,386 |
| Total operating and administrative expenses | $85,963 |
| Contributions, gifts, grants paid | $185,500 |
| Total expenses and disbursements | $271,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $237,159 |
| Net Accounts receivable | $3,310 |
| 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 | $447,948 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,088,437 |
| 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, Pearl G & Ruby Hollandsworth Memorial Tr has awarded $185,500 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
CLARKSBURG MISSION INC PURPOSE: CONTRIBUTION | $16,000 |
Clarksburg, WV PURPOSE: CONTRIBUTION | $16,000 |
Clarksburg, WV PURPOSE: CONTRIBUTION | $16,000 |
Philippi, WV PURPOSE: CONTRIBUTION | $16,000 |
BSA - MOUNTAINEER AREA COUNCIL PURPOSE: CHARITABLE | $8,000 |
SALVATION ARMY PURPOSE: CONTRIBUTION | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
The Wexner Family Charitable Fund New Albany, OH | $184,942,197 | $254,449,818 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
Fifth Third Union Trust Co Foundation Cincinnati, OH | $28,852,332 | $17,459,816 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH | $318,390,176 | $10,905,260 |