Polly & John M Timken Jr Foundation
- Assets
- $501.2k
- Revenue
- -$43.7k
- Investments
- $449.9k
- Employees
- 0
- Location
- Canton, OH
- Founding
- 12/1986
- Data as of
- 09/2023
- EIN
- 34-1532625
Organization Overview
Polly & John M 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. Polly & John M 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.
Since 2015, Polly & John M Timken Jr Foundation has awarded 60 individual grants totaling $219,000. 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 |
|---|---|---|---|
John M Timken Jr Pres/ttee | 1 | $0 | |
Polly M 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 | $31,500 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$75,161 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$43,661 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $432 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $632 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $30,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,257 |
| 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 | $22 |
| Total assets | $501,217 |
| 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, Polly & John M Timken Jr Foundation has awarded $30,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BAPTIST HEALTH SOUTH FLORIDA FOUNDATION PURPOSE: UNRESTRICTED | $10,000 |
BRIDGEWATER VOLUNTEER FIRE DEPT PURPOSE: UNRESTRICTED | $1,500 |
BRIDGEWATER HISTORICAL SOCIETY PURPOSE: UNRESTRICTED | $5,000 |
WOMEN'S INFORMATION SERVICE PURPOSE: UNRESTRICTED | $3,500 |
KENYA DRYLANDS EDUCATION FUND PURPOSE: UNRESTRICTED | $5,000 |
DISMAS HOUSE OF VERMONT PURPOSE: UNRESTRICTED | $2,500 |