Armstrong Robertson Matthews Memorial Fund
- Assets
- $694.3k
- Revenue
- $23.6k
- Investments
- $644.4k
- Employees
- 0
- Location
- Bluefield, WV
- Founding
- 10/1967
- Data as of
- 12/2022
- EIN
- 55-6035777
Organization Overview
Armstrong Robertson Matthews Memorial Fund is located in Bluefield, WV. The organization was established in 1967. 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. Armstrong Robertson Matthews Memorial Fund 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 12/2022, Armstrong Robertson Matthews Memorial Fund generated $23.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (35.1%) each year. All expenses for the organization totaled $86.0k during the year ending 12/2022. 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
ANNUAL GRANT TO THE CRAFT MEMORIAL LIBRARY OF BLUEFIELD, WEST VIRGINIA TO ASSIST THE LIBRARY IN MEETING THE EDUCATIONAL NEEDS OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Summit Community Bank Trustee | 1 | $10,899 | |
Betty G Bailey President | 1 | $0 | |
Julie H Johnson Treasurer | 1 | $0 | |
Frank W Wilkinson Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,464 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,121 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,294 |
| Total Revenue | $23,637 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,899 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $354 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | -$521 |
| Total operating and administrative expenses | $11,832 |
| Contributions, gifts, grants paid | $74,172 |
| Total expenses and disbursements | $86,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,033 |
| 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 | $46,925 |
| Investments—mortgage loans | $0 |
| Investments—other | $550,986 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $694,338 |
| 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 |