Charleston Retail Credit Association
- Assets
- $1.1m
- Revenue
- $45.2k
- Investments
- $1.1m
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 01/2003
- Data as of
- 06/2024
- EIN
- 55-0784025
Organization Overview
Charleston Retail Credit Association is located in Charleston, WV. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Charleston Retail Credit Association 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 06/2024, Charleston Retail Credit Association generated $45.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (31.7%) each year. All expenses for the organization totaled $88.1k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Charleston Retail Credit Association has awarded 84 individual grants totaling $341,400. 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 |
|---|---|---|---|
Craig Kay President | 0 | $0 | |
Brian Wadsworth Treasurer | 0 | $0 | |
David Lanham Secretary | 0 | $0 | |
Dewey E S Kuhns II Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $44,946 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $273 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,219 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $402 |
| Total operating and administrative expenses | $3,067 |
| Contributions, gifts, grants paid | $85,000 |
| Total expenses and disbursements | $88,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,820 |
| Savings and temporary cash investments | $12,562 |
| 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 | $1,093,924 |
| 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, Charleston Retail Credit Association has awarded $85,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDRENS THERAPY CLINIC PURPOSE: THERAPUETIC SERVICES TO NEEDY CHILDR | $2,500 |
GABRIEL PROJECT OF WV PURPOSE: COUNSEL LOW INCOME PREGNANT WOMEN | $3,000 |
FUND FOR THE ARTS PURPOSE: GENERAL OPERATING PURPOSES | $8,000 |
CHARLESTON LIGHT OPERA GU PURPOSE: GENERAL OPERATING PURPOSES | $5,000 |
BUCKSKIN COUNCIL PURPOSE: VARIOUS ACTIVITIES | $7,500 |
YOUNG LIFE WV PURPOSE: GENERAL OPERATING PURPOSES | $2,500 |