J Alfred & Maxine F Poe Foundation Inc
- Assets
- $1.8m
- Revenue
- $99.8k
- Investments
- $1.8m
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 45-5236092
Organization Overview
J Alfred & Maxine F Poe Foundation Inc is located in Charleston, WV. The organization was established in 2014. According to its NTEE Classification (T30) the organization is classified as: Public 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. J Alfred & Maxine F Poe 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, J Alfred & Maxine F Poe Foundation Inc generated $99.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $78.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, J Alfred & Maxine F Poe Foundation Inc has awarded 31 individual grants totaling $658,750. 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
ANNUAL CONTRIBUTIONS TO 3 IN-STATE INSTITUTIONS FOR THE PURPOSE OF PROVIDING SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Wadsworth Secretary/tr | 0 | $0 | |
Robert V Berthold Jr Vice-Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $63,205 |
| Dividends & Interest | $36,643 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$44 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $99,804 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,158 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3 |
| Total operating and administrative expenses | $14,320 |
| Contributions, gifts, grants paid | $63,750 |
| Total expenses and disbursements | $78,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,696 |
| Savings and temporary cash investments | $49,023 |
| 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 | $242 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,848,479 |
| 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, J Alfred & Maxine F Poe Foundation Inc has awarded $63,750 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DAVIS & ELKINS COLLEGE PURPOSE: SCHOLARSHIPS | $21,250 |
CONCORD UNIVERSITY PURPOSE: SCHOLARSHIPS | $21,250 |
WV WESLEYAN COLLEGE PURPOSE: SCHOLARSHIPS | $21,250 |