Old White Charities Inc
- Assets
- -$6.7k
- Revenue
- $1.7k
- Investments
- $0.0
- Employees
- 0
- Location
- White Sulphur Springs, WV
- Founding
- 02/2011
- Data as of
- 12/2021
- EIN
- 27-1569963
Organization Overview
Old White Charities Inc is located in White Sulphur Springs, WV. The organization was established in 2011. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old White Charities Inc 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, Old White Charities Inc generated $1.7k 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 (71.3%) each year. All expenses for the organization totaled $11.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (63.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Old White Charities Inc has awarded 23 individual grants totaling $588,108. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OLD WHITE CHARITIES, INC. IS ORGANIZED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES INCLUDING THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT UNDER CODE SECTION 501(C)(3). OLD WHITE CHARITIES, INC. INTENDS TO OPERATE "A MILITARY TRIBUTE AT THE GREENBRIER", A PROFESSIONAL GOLF TOURNAMENT AND DISTRIBUTE THE NET PROCEEDS TO ORGANIZATIONS THAT QUALIFY UNDER SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE "A MILITARY TRIBUTE AT THE GREENBRIER", A PROFESSIONAL GOLF TOURNAMENT AND DISTRIBUTE THE NET PROCEEDS TO ORGANIZATIONS THAT QUALIFY UNDER SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE.
TO OPERATE "A MILITARY TRIBUTE AT THE GREENBRIER", A PROFESSIONAL GOLF TOURNAMENT AND DISTRIBUTE THE NET PROCEEDS TO ORGANIZATIONS THAT QUALIFY UNDER SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jillean L Justice President, Director | OfficerTrustee | 0 | $0 |
James C Justice III Vice President, Director | OfficerTrustee | 0 | $0 |
Steve Ball Secretary | Officer | 0 | $0 |
Adam Long Treasurer | Officer | 0 | $0 |
Cathy L Justice Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Levy Prom Golf Llc Event Services | 12/30/19 | $714,402 |
Hns Sports Group Event Services | 12/30/19 | $274,354 |
Dennis E Welch Event Services | 12/30/19 | $130,607 |
Special Event Service & Rental Event Services | 12/30/19 | $127,778 |
Wme Img Holdings Llc Event Services | 12/30/19 | $125,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,735 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $11,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$6,728 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | -$6,728 |
| Accounts payable and accrued expenses | $537 |
| Grants payable | $0 |
| Deferred revenue | $500,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,698,379 |
| Total liabilities | $20,198,916 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$20,205,644 |
| Total liabilities and net assets/fund balances | -$6,728 |
Grants Awarded
Over the last fiscal year, Old White Charities Inc has awarded $270,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Arlington, VA PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Washington, DC PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Arlington, VA PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Arlington, VA PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Arlington, VA PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Charleston, WV PURPOSE: COMMUNITY SERVICE | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Old White Charities Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
The Disability Fund Inc Rockville Centre, NY PURPOSE: CIVIC ENGAGEMENT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Roy A Hunt Foundation Pittsburgh, PA | $0 | $8,030,266 |
Baltimore Sports Tourism Development Council Inc Baltimore, MD | $1,882,664 | $3,644,109 |
Pennsylvania National Horse Show Foundation Harrisburg, PA | $536,390 | $3,371,373 |
Gramma Fisher Foundation Easton, MD | $26,054,543 | $4,343,834 |
Reamstown Athletic Association Reamstown, PA | $734,775 | $1,303,779 |
Fc Cincinnati Foundation Cincinnati, OH | $616,697 | $1,507,019 |
Camp Foundation Franklin, VA | $18,333,166 | $1,889,654 |
Capital Access Corporation Louisville, KY | $1,120,026 | $636,362 |
Paul D Camp Community College Foundation Franklin, VA | $2,592,283 | $1,339,623 |
Fishel Foundation Columbus, OH | $9,785,934 | $2,522,973 |
Rva Sports Foundation Inc Richmond, VA | $1,516,415 | $456,889 |
T2 Foundation Scranton, PA | $11,277 | $363,546 |