W R Timken Jr Foundation
- Assets
- $1.1m
- Revenue
- $337.8k
- Investments
- $1.1m
- Employees
- 0
- Location
- Canton, OH
- Founding
- 10/1986
- Data as of
- 09/2023
- EIN
- 34-1524592
Organization Overview
W R Timken Jr Foundation is located in Canton, OH. The organization was established in 1986. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. W R Timken Jr 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 09/2023, W R Timken Jr Foundation generated $337.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.0% each year . All expenses for the organization totaled $84.6k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, W R Timken Jr Foundation has awarded 98 individual grants totaling $465,337. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wr Timken Jr Pres/trustee | 1 | $0 | |
Jonathan Crawford Sec/treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $51,637 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $286,206 |
| Capital Gain Net Income | $286,206 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $337,843 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,729 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $241 |
| Total operating and administrative expenses | $5,770 |
| Contributions, gifts, grants paid | $78,800 |
| Total expenses and disbursements | $84,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,637 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,062,999 |
| Accounts payable and accrued expenses | $4,096 |
| 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 | $4,096 |
Grants Awarded
Over the last fiscal year, W R Timken Jr Foundation has awarded $78,800 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ELDORADO SCHOLARSHIP FUND PURPOSE: UNRESTRICTED | $2,500 |
ARTS IN STARK PURPOSE: UNRESTRICTED | $5,000 |
STARK COMMUNITY FOUNDATION PURPOSE: UNRESTRICTED | $10,000 |
EISENHOWER MEDICAL CENTER FOUNDATION PURPOSE: UNRESTRICTED | $5,000 |
EV-LUTH PARISH OF WILSTEDTTARMSTEDT PURPOSE: UNRESTRICTED | $5,300 |
THE DESERT COMMUNITY FOUNDATION PURPOSE: UNRESTRICTED | $2,000 |