Maier Foundation Inc
- Assets
- $27.8m
- Revenue
- $3.0m
- Investments
- $24.8m
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 12/1959
- Data as of
- 10/2023
- EIN
- 55-6023833
Organization Overview
Maier Foundation Inc is located in Charleston, WV. The organization was established in 1959. 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. Maier 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 10/2023, Maier Foundation Inc generated $3.0m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $3.1m during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Maier Foundation Inc has awarded 134 individual grants totaling $8,992,750. 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 |
|---|---|---|---|
Mr Edward H Maier Secretary & Director | 1 | $0 | |
Mr Bradley M Rowe President & Director | 12 | $0 | |
Ms Sara M Rowe Vice President & Director | 0 | $0 | |
Mr J Randy Valentine Treasurer & Director | 2 | $0 | |
Honorable John T Copenhaver Jr Director | 0 | $0 | |
Mr Edward H Maier Jr Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $94,953 |
| Dividends & Interest | $573,385 |
| Net Rental Income | $1,264,855 |
| Net Gain on Sale of Assets | $426,082 |
| Capital Gain Net Income | $426,082 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $343,628 |
| Total Revenue | $2,964,755 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $149,550 |
| Depreciation | $83,463 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $187,481 |
| Total operating and administrative expenses | $641,360 |
| Contributions, gifts, grants paid | $2,427,000 |
| Total expenses and disbursements | $3,068,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $102,910 |
| 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 | $2,943,736 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,419,590 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $27,804,668 |
| 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, Maier Foundation Inc has awarded $2,427,000 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
APPALACHIAN CHILDREN'S CHORUS INC PURPOSE: OPERATING FUNDS | $11,000 |
CAMC FOUNDATION INC PURPOSE: DEAN'S PRIZES | $10,000 |
CHARLESTON BALLET INC PURPOSE: OPERATING FUNDS | $10,000 |
CLAY CENTER FOR THE ARTS & SCIENCES OF WV PURPOSE: OPERATING FUNDS | $53,000 |
CHILDREN'S THEATRE OF CHARLESTON INC PURPOSE: OPERATING FUNDS | $10,000 |
CHARLESTON LIGHT OPERA GUILD INC PURPOSE: OPERATING FUNDS | $10,000 |