W E Stone Foundation Inc
- Assets
- $991.7k
- Revenue
- $114.4k
- Investments
- $968.2k
- Employees
- 0
- Location
- Wheeling, WV
- Founding
- 05/1950
- Data as of
- 01/2022
- EIN
- 55-6015330
Organization Overview
W E Stone Foundation Inc is located in Wheeling, WV. The organization was established in 1950. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. W E Stone 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 01/2022, W E Stone Foundation Inc generated $114.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $99.3k during the year ending 01/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, W E Stone Foundation Inc has awarded 73 individual grants totaling $446,700. 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 |
|---|---|---|---|
Ben Exley IV Trustee | 0.25 | $0 | |
Edward C Armbrecht Jr Trustee | 0.25 | $0 | |
Cynthia Morrison Trustee | 0.25 | $0 | |
Stacy Christian Trustee | 0.25 | $0 | |
Wilbur S Jones Jr Trustee | 0.25 | $0 | |
Elizabeth J Poggi President/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,649 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $88,713 |
| Capital Gain Net Income | $88,713 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $114,362 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,424 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,819 |
| Contributions, gifts, grants paid | $86,500 |
| Total expenses and disbursements | $99,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,578 |
| 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 | $968,154 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $991,732 |
| 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 | $1,002 |
| Total liabilities | $1,002 |
Grants Awarded
Over the last fiscal year, W E Stone Foundation Inc has awarded $86,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
WV INDEPENDENT COLLEGES & UNIVERSITIES PURPOSE: CIRCLE OF VISION SCHOLARSHIP | $15,000 |
Wheeling, WV PURPOSE: RENOVATIONS | $10,000 |
Wheeling, WV PURPOSE: SCHOLARSHIPSSCHOLARSHIPS | $10,000 |
Wheeling, WV PURPOSE: CAPITAL PROJECTS AND GENERAL FUND | $8,000 |
Circleville, WV PURPOSE: SCHOLARSHIPS AND WV PROGRAMS | $7,500 |
Wheeling, WV PURPOSE: COMMUNITY SERVICES | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robins Foundation Richmond, VA | $182,936,779 | $19,761,890 |
Jacob And Hilda Blaustein Foundation Inc Baltimore, MD | $130,688,531 | $27,779,767 |
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
Virginia Institute Of Autism Incorporated Charlottesville, VA | $13,400,970 | $11,731,710 |
Clark-Winchcole Foundation Bethesda, MD | $197,708,650 | $12,024,655 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |
Joseph And Marion Wesley Family Foundation Philadelphia, PA | $658,173 | $9,365,078 |
Wexner Foundation New Albany, OH | $6,442,852 | $9,976,190 |
Arete Foundation Philadelphia, PA | $69,704,325 | $5,927,114 |
Affordable Housing Opportunity Fund Inc Charlottesville, VA | $703,537 | $6,974,715 |
Hcs Foundation Cleveland, OH | $105,976,263 | $7,902,405 |
Independence Blue Cross Foundation Philadelphia, PA | $149,853,954 | $24,274,350 |