Timken Company Charitable & Educational Fund
- Assets
- $4.4m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 0
- Location
- North Canton, OH
- Founding
- 10/1973
- Data as of
- 12/2022
- EIN
- 34-6520257
Organization Overview
Timken Company Charitable & Educational Fund is located in North Canton, OH. The organization was established in 1973. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Timken Company Charitable & Educational Fund 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, Timken Company Charitable & Educational Fund generated $5.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. While expenses have increased by 5.3% 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 |
|---|---|---|---|
Nicole S Disalvo President | 1 | $0 | |
Scott R Schroeder Secretary | 1 | $0 | |
Timothy A Graham Trustee | 1 | $0 | |
Hansal Patel Trustee | 1 | $0 | |
Natasha Pollock Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,100,000 |
| Interest on Savings | $26,977 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,126,977 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,750 |
| Total operating and administrative expenses | $33,115 |
| Contributions, gifts, grants paid | $2,022,098 |
| Total expenses and disbursements | $2,055,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,374 |
| Savings and temporary cash investments | $4,374,963 |
| 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 | $4,383,337 |
| 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, Timken Company Charitable & Educational Fund has awarded $2,022,098 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED SCHEDULE - SCHOLARSHIP AMERICA PURPOSE: SCHOLARSHIP | $525,101 |
SEE ATTACHED SCHEDULE - GRANTS PURPOSE: CHARITABLE | $1,378,381 |
SEE ATTACHED SCHEDULE - MATCHING GIFTS PURPOSE: GENERAL OPERATIONS | $118,616 |