Charles & Mary Fayne Glotfelty Foundation Inc
- Assets
- $5.1m
- Revenue
- $338.5k
- Investments
- $4.6m
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 08/2011
- Data as of
- 12/2022
- EIN
- 27-4002334
Organization Overview
Charles & Mary Fayne Glotfelty Foundation Inc is located in Charleston, WV. The organization was established in 2011. According to its NTEE Classification (O22) the organization is classified as: Girls Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles & Mary Fayne Glotfelty Foundation 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 12/2022, Charles & Mary Fayne Glotfelty Foundation Inc generated $338.5k 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 (3.1%) each year. All expenses for the organization totaled $470.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Charles & Mary Fayne Glotfelty Foundation Inc has awarded 167 individual grants totaling $2,193,331. 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 |
|---|---|---|---|
Sue Sergi President | 15 | $30,000 | |
Sandra Murphy Secretary | 0 | $0 | |
Bill Bargeloh Director | 0 | $0 | |
Priscilla Haden Vice President | 0 | $0 | |
Kelly Shafer Treasurer | 0 | $0 | |
Elizabeth Pellegrin Director / President | 15 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $15,735 |
| Dividends & Interest | $68,061 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $244,670 |
| Capital Gain Net Income | $244,670 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $338,466 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,320 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,425 |
| Printing and publications | $0 |
| Other expenses | $3,338 |
| Total operating and administrative expenses | $89,350 |
| Contributions, gifts, grants paid | $381,071 |
| Total expenses and disbursements | $470,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $445,345 |
| Savings and temporary cash investments | $0 |
| 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 | $845,924 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,059,654 |
| 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, Charles & Mary Fayne Glotfelty Foundation Inc has awarded $381,071 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
YWCA PURPOSE: CHILD DEVELOPMENT, DOMESTIC VIOLENCE SERVICES, SENIOR SUPPORT, HOMELESS SERVICES AND RACIAL JUSTICE. | $25,000 |
WVU MOUNTAINEER HUB PURPOSE: STUDENT FINANCIAL SUPPORT AND SERVICES | $39,300 |
WV SYMPHONY ORCHESTRA PURPOSE: CREATIVE ARTS | $40,000 |
WV MUSIC HALL OF FAME PURPOSE: HISTORICAL PRESERVATION | $7,433 |
WV HEALTH RIGHT PURPOSE: PROVIDE HEALTH SERVICES TO NEEDY WEST VIRGINIANS | $12,000 |
WV CODING CLUB PURPOSE: EDUCATION | $9,560 |