J Alfred & Maxine F Poe Foundation Inc
- Assets
- $1.8m
- Revenue
- $110.4k
- Investments
- $1.7m
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 08/2014
- Data as of
- 12/2021
- 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 12/2021, J Alfred & Maxine F Poe Foundation Inc generated $110.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $96.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. 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 24 individual grants totaling $510,000. 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 |
|---|---|---|---|
Robert V Berthold Jr Vice-Preside | 0 | $0 | |
Brian Wadsworth Secretary/tr | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $78,213 |
| Dividends & Interest | $32,561 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$373 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $110,401 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,584 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23 |
| Total operating and administrative expenses | $11,496 |
| Contributions, gifts, grants paid | $85,000 |
| Total expenses and disbursements | $96,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,245 |
| Savings and temporary cash investments | $27,185 |
| 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 | $1,560 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,817,092 |
| 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 $85,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ALDERSON BROADDUS UNIVERSITY PURPOSE: SCHOLARSHIPS | $21,250 |
WV WESLEYAN COLLEGE PURPOSE: SCHOLARSHIPS | $21,250 |
Elkins, WV PURPOSE: SCHOLARSHIPS | $21,250 |
CONCORD UNIVERSITY PURPOSE: SCHOLARSHIPS | $21,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |
Asbury Foundation Inc Frederick, MD | $52,948,136 | $11,506,831 |
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |
New Albany Community Foundation New Albany, OH | $19,894,351 | $7,914,986 |
Taubman Foundation For The Arts Roanoke, VA | $20,057,493 | $918,229 |
United Way Of Greater Stark County Inc Canton, OH | $15,976,372 | $6,358,831 |
Skillsource Group Inc Vienna, VA | $1,796,857 | $6,906,902 |
American Friends Of Kohelet Policy Forum Philadelphia, PA | $260,078 | $121,500 |
Travis Manion Foundation Doylestown, PA | $7,247,874 | $9,161,709 |
Capital For Good Usa Paoli, PA | $43,024,073 | $25,450,338 |
Kennedy Krieger Foundation Inc Baltimore, MD | $94,709,715 | $9,828,353 |
Licking County Foundation Newark, OH | $148,770,755 | $12,459,784 |