Joan Bieberson Mcdonald And Frank E Mcdonald Charitable Trust
- Assets
- $740.2k
- Revenue
- $66.5k
- Investments
- $740.2k
- Employees
- 0
- Location
- Weirton, WV
- Founding
- 06/2001
- Data as of
- 09/2022
- EIN
- 54-6478360
Organization Overview
Joan Bieberson Mcdonald And Frank E Mcdonald Charitable Trust is located in Weirton, WV. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joan Bieberson Mcdonald And Frank E Mcdonald Charitable Trust 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 09/2022, Joan Bieberson Mcdonald And Frank E Mcdonald Charitable Trust generated $66.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $41.7k during the year ending 09/2022. While expenses have increased by 6.2% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS FOR HIGHER EDUCATION AND TRAINING TO INDIVIDUALS WHO ARE GRADUATES OF WEIR SENIOR HIGH SCHOOL WEIRTON, WV BASED UPON CRITERIA DEEMED APPROPRIATE BY TRUSTEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bethany Fernbaugh Trustee | 0 | $0 | |
Nancy L Wilson Trustee | 0 | $0 | |
Susan Krukowski Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,214 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,260 |
| Capital Gain Net Income | $54,260 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $66,474 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $884 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,761 |
| Total operating and administrative expenses | $7,705 |
| Contributions, gifts, grants paid | $34,000 |
| Total expenses and disbursements | $41,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $740,209 |
| 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, Joan Bieberson Mcdonald And Frank E Mcdonald Charitable Trust has awarded $34,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BOWE JARED PURPOSE: COLLEGE SCHOLARSHIP | $5,000 |
GUIDDY ZACHARY F PURPOSE: COLLEGE SCHOLARSHIP | $4,000 |
MCUMAR BLAIRE PURPOSE: COLLEGE SCHOLARSHIP | $3,500 |
MCUMAR BRODIE PURPOSE: COLLEGE SCHOLARSHIP | $3,500 |
APERFINE ISABELLA PURPOSE: COLLEGE SCHOLARSHIP | $3,000 |
HAUGHT TAYLOR PURPOSE: COLLEGE SCHOLARSHIP | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Lola G Duff & William Duff Ii Scholarship Fund Pittsburgh, PA | $108,136,539 | $9,727,539 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Independence Foundation Philadelphia, PA | $78,719,217 | $2,815,934 |
Maryland Philanthropy Network Inc Baltimore, MD | $5,808,264 | $5,920,100 |
Meor Inc Silver Spring, MD | $283,304 | $5,067,456 |
Beta Theta Pi Foundation Oxford, OH | $33,085,697 | $6,703,723 |
Henrico Education Foundation Incorporated Henrico, VA | $1,910,582 | $5,313,927 |
Access College Foundation Norfolk, VA | $62,526,055 | $4,039,611 |
Addison Gibson Foundation Pittsburgh, PA | $46,529,076 | $11,633,912 |
Military Officers Association Of America Scholarship Fund Alexandria, VA | $166,984,015 | $13,631,800 |
Cardinal Health Foundation Dublin, OH | $40,394,329 | $2,713,784 |