Charles C Skinner & Ruth H Skinner Memorial Trust
- Assets
- $1.2m
- Revenue
- $55.4k
- Investments
- $1.2m
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 00/0000
- Data as of
- 08/2024
- EIN
- 54-6228993
Organization Overview
Charles C Skinner & Ruth H Skinner Memorial Trust is located in Norfolk, VA. The organization was established in 0000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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.
For the year ending 08/2024, Charles C Skinner & Ruth H Skinner Memorial Trust generated $55.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $87.6k during the year ending 08/2024. While expenses have increased by 0.6% 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, Charles C Skinner & Ruth H Skinner Memorial Trust has awarded 69 individual grants totaling $581,455. 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 |
|---|---|---|---|
James B Covington Trustee | 2 | $4,891 | |
Jerome D Crain Trustee | 2 | $4,890 | |
Steven E Frazier Trustee | 0.25 | $300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,024 |
| Dividends & Interest | $34,811 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,522 |
| Capital Gain Net Income | $19,306 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,357 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,081 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $497 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,376 |
| Total operating and administrative expenses | $28,129 |
| Contributions, gifts, grants paid | $59,500 |
| Total expenses and disbursements | $87,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,915 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $4,125 |
| 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 | $1,230,193 |
| 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, Charles C Skinner & Ruth H Skinner Memorial Trust has awarded $59,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDRENS HOSPITAL OF THE KINGS DAUGHTERS PURPOSE: FOR PURPOSE OF LISTED ORGANIZATION | $8,500 |
BOYS AND GIRLS CLUB OF HAMPTON ROADS PURPOSE: FOR PURPOSE OF LISTED ORGANIZATION | $8,500 |
UNITED WAY OF SOUTH HAMPTON ROADS PURPOSE: FOR THE PURPOSE OF THE LISTED ORGANIZATION | $8,500 |
GIRL SCOUT COUNCIL PURPOSE: FOR THE PURPOSE OF THE LISTED ORGANIZATON | $8,500 |
LARCHMONT UNITED METHODIST CHURCH PURPOSE: FOR PURPOSE OF LISTED ORGANIZATION | $8,500 |
TIDEWATER COUNCIL OF BOY SCOUTS PURPOSE: FOR THE PURPOSE OF THE LISTED ORGANIZATION | $8,500 |