Ward J And Joy A Timken Foundation
- Assets
- $1.6m
- Revenue
- $83.3k
- Investments
- $1.5m
- Employees
- 0
- Location
- Canton, OH
- Founding
- 10/1986
- Data as of
- 09/2023
- EIN
- 34-1527256
Organization Overview
Ward J And Joy A Timken 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. Ward J And Joy A Timken 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, Ward J And Joy A Timken Foundation generated $83.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $99.3k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ward J And Joy A Timken Foundation has awarded 195 individual grants totaling $667,855. 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
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ward J Timken Pres/ttee | 1 | $0 | |
Joy A Timken Vp/ttee | 1 | $0 | |
Jonathan Crawford Sec/treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $89,973 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,685 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $83,288 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,296 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $201 |
| Total operating and administrative expenses | $2,297 |
| Contributions, gifts, grants paid | $97,000 |
| Total expenses and disbursements | $99,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,211 |
| 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 | $1,586,525 |
| Accounts payable and accrued expenses | $341 |
| 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 | $341 |
Grants Awarded
Over the last fiscal year, Ward J And Joy A Timken Foundation has awarded $97,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
PRO FOOTBALL HALL OF FAME PURPOSE: 2022-2023 UNRESTRICTED GRANT | $12,000 |
THE WILDERNESS CENTER INC PURPOSE: 2022-2023 UNRESTRICTED GRANT | $250 |
STARK COUNTY HUMANE SOCIETY PURPOSE: 2022 - 2023 UNRESTRICTED GRANT | $5,000 |
UNITED WAY OF GREATER STARK COUNTY PURPOSE: 2022-2023 UNRESTRICTED GRANT | $12,000 |
CANTON SYMPHONY ORCHESTRA PURPOSE: 2022-2023 GRANT IN MEMORY OF WILLIAM P. BLAIR | $500 |
AULTMAN FOUNDATION PURPOSE: MEMORIAL DONATION - IN MEMORY OF FRANK PROVO | $500 |