Walter E Buck Nutter And David H Nutter Foundation Inc
- Assets
- $4.7m
- Revenue
- $282.7k
- Investments
- $3.1m
- Employees
- 0
- Location
- Lost Creek, WV
- Founding
- 05/2005
- Data as of
- 12/2023
- EIN
- 41-2142894
Organization Overview
Walter E Buck Nutter And David H Nutter Foundation Inc is located in Lost Creek, WV. The organization was established in 2005. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walter E Buck Nutter And David H Nutter Foundation Inc 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 12/2023, Walter E Buck Nutter And David H Nutter Foundation Inc generated $282.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $210.2k during the year ending 12/2023. While expenses have increased by 6.1% per year over the past 9 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 2015, Walter E Buck Nutter And David H Nutter Foundation Inc has awarded 467 individual grants totaling $1,023,890. 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
SCHOLARSHIPS (50) INDIVIDUALS
GRANTS (7)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virgil L Mcnemar Vice President | 5 | $0 | |
Randy Williams Secretary | 5 | $0 | |
Isaac Maxwell President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,356 |
| Dividends & Interest | $182,415 |
| Net Rental Income | $3,127 |
| Net Gain on Sale of Assets | $2,946 |
| Capital Gain Net Income | $2,946 |
| Net ST Capital Gain | $1,517 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $88,896 |
| Total Revenue | $282,740 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,800 |
| Other employee salaries and wages | $1,500 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,159 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,920 |
| Total operating and administrative expenses | $21,212 |
| Contributions, gifts, grants paid | $189,000 |
| Total expenses and disbursements | $210,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,704 |
| Savings and temporary cash investments | $244,556 |
| 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 | $1,262,994 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,656,293 |
| 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, Walter E Buck Nutter And David H Nutter Foundation Inc has awarded $189,000 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXANDER HAWKINS PURPOSE: SCHOLARSHIP | $3,500 |
ASHLEY LAW PURPOSE: SCHOLARSHIP | $1,750 |
AUSTIN PECK PURPOSE: SCHOLARSHIP | $1,750 |
BRAYDEN THOMASON PURPOSE: SCHOLARSHIP | $1,750 |
ANGELINA MORENO PURPOSE: SCHOLARSHIP | $3,500 |
ANSLEY HARRIS PURPOSE: SCHOLARSHIP | $3,500 |