The William T Hancock Charitable Foundation
- Assets
- $186.8k
- Revenue
- $20.1k
- Investments
- $179.5k
- Employees
- 0
- Location
- Bluefield, WV
- Founding
- 05/2001
- Data as of
- 12/2022
- EIN
- 31-1746406
Organization Overview
The William T Hancock Charitable Foundation is located in Bluefield, WV. The organization was established in 2001. 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. William T Hancock Charitable Foundation 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, William T Hancock Charitable Foundation generated $20.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $22.0k during the year ending 12/2022. While expenses have increased by 8.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 5 | $1,723 | |
Willy Pierre Jacoebee Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,944 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$329 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,115 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,723 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $117 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,240 |
| Contributions, gifts, grants paid | $19,778 |
| Total expenses and disbursements | $22,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,214 |
| 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 | $186,759 |
| 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, The William T Hancock Charitable Foundation has awarded $19,778 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HOME SOCIETY OF WV PURPOSE: SUPPORT OF "WE CAN" PROGRAM | $1,000 |
ROTARY CLUB OF BLUEFIELD WV PURPOSE: SHARE THE GLOVE DRIVE | $162 |
BLUEFIELD UNION MISSION PURPOSE: TO PROVIDE MEDICINE FOR CHILDREN | $500 |
BLUEFIELD SHRINE CLUB PURPOSE: TRANSPORTATION NEEDS FOR CHILDREN | $1,000 |
BLUEFIELD FITNESS & REC CENTER PURPOSE: PROVIDE THERAPY FOR LOW INCOME KIDS | $6,000 |
COMMUNITY CHRISTMAS TREE PURPOSE: PROVIDE GIFTS FOR LOW INC. FAMILIES | $750 |