James B Chambers Memorial
- Assets
- $10.3m
- Revenue
- $814.6k
- Investments
- $9.7m
- Employees
- 0
- Location
- Wheeling, WV
- Founding
- 04/1944
- Data as of
- 12/2023
- EIN
- 55-0360517
Organization Overview
James B Chambers Memorial is located in Wheeling, WV. The organization was established in 1944. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. James B Chambers Memorial 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, James B Chambers Memorial generated $814.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $754.3k during the year ending 12/2023. While expenses have increased by 2.4% 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, James B Chambers Memorial has awarded 156 individual grants totaling $5,160,621. 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 |
|---|---|---|---|
Lisa Allen Board Member | 2 | $0 | |
Chris Freemn Board Member | 2 | $2,900 | |
Charlie Savage Secretary/treasurer | 2 | $3,150 | |
James E Altmeyer Board Member | 2 | $600 | |
Edward G Sloane Jr Board Member | 2 | $2,900 | |
Brian E Joseph Chairman | 2 | $3,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $93,935 |
| Dividends & Interest | $241,410 |
| Net Rental Income | $192,421 |
| Net Gain on Sale of Assets | $286,802 |
| Capital Gain Net Income | $286,802 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $814,568 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,750 |
| Other employee salaries and wages | $22,720 |
| Pension plans, employee benefits | $3,476 |
| Interest | $0 |
| Taxes | $1,337 |
| Depreciation | $292 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,927 |
| Printing and publications | $0 |
| Other expenses | $35,739 |
| Total operating and administrative expenses | $121,208 |
| Contributions, gifts, grants paid | $633,127 |
| Total expenses and disbursements | $754,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,226 |
| Savings and temporary cash investments | $281,044 |
| 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 | $14,503 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,469,190 |
| Net Land, buildings, and equipment | $126,055 |
| Other assets | $0 |
| Total assets | $10,295,125 |
| 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, James B Chambers Memorial has awarded $633,127 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
OGLEBAY FOUNDATION PURPOSE: SUPPORT | $41,396 |
LAUGHLIN MEMORIAL CHAPEL PURPOSE: SECURITY | $30,000 |
HOH SHARE PURPOSE: MOBILE PLAYGROUND | $37,000 |
WHEELING HOUSING AUTHORITY PURPOSE: PLAYGROUND | $22,391 |
ARC PURPOSE: SUMMER CAMP | $5,000 |
BETHLEHEM APOSTOLIC TEMPLE PURPOSE: CHILDRENS SCHOOL SUPPLIES | $46,684 |