W Henry Hoover Tr Fund 2842
- Assets
- $4.0m
- Revenue
- $357.1k
- Investments
- $3.8m
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 10/1967
- Data as of
- 12/2022
- EIN
- 34-6573738
Organization Overview
W Henry Hoover Tr Fund 2842 is located in Brooklyn, OH. The organization was established in 1967. 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. W Henry Hoover Tr Fund 2842 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, W Henry Hoover Tr Fund 2842 generated $357.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $406.1k during the year ending 12/2022. While expenses have increased by 4.0% 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.
Since 2019, W Henry Hoover Tr Fund 2842 has awarded 107 individual grants totaling $1,264,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keybank N A Trustee | 2 | $21,328 | |
Charles H Hoover Grant Committee Member | 1 | $0 | |
Lawrence R Hoover Grant Committee Member | 1 | $0 | |
Timothy Hoover Grant Committee Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $110,398 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $246,751 |
| Capital Gain Net Income | $246,751 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $357,149 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,328 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,619 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $276 |
| Total operating and administrative expenses | $63,596 |
| Contributions, gifts, grants paid | $342,500 |
| Total expenses and disbursements | $406,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $176,170 |
| 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 | $3,798,635 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,974,805 |
| 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, W Henry Hoover Tr Fund 2842 has awarded $342,500 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY WORLDWIDE PURPOSE: GENERAL OPERATING | $55,000 |
MCKINLEY MUSEUM PURPOSE: GENERAL OPERATING | $10,000 |
NORTH CANTON PUBLIC LIBRARY PURPOSE: GENERAL OPERATING | $5,000 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: GENERAL OPERATING | $16,000 |
BOY SCOUTS OF AMERICA PURPOSE: GENERAL OPERATING | $15,000 |
PLANNED PARENTHOOD OF STARK COUNTY PURPOSE: GENERAL OPERATING | $10,000 |