Cecil I Walker Machinery Co Charitable Trust
- Assets
- $4.8m
- Revenue
- $1.2m
- Investments
- $4.5m
- Employees
- 0
- Location
- Wilson, NC
- Founding
- 03/1974
- Data as of
- 05/2021
- EIN
- 55-6050733
Organization Overview
Cecil I Walker Machinery Co Charitable Trust is located in Wilson, NC. The organization was established in 1974. 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. Cecil I Walker Machinery Co Charitable Trust 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 05/2021, Cecil I Walker Machinery Co Charitable Trust generated $1.2m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $401.9k during the year ending 05/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Cecil I Walker Machinery Co Charitable Trust has awarded 15 individual grants totaling $345,000. 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 |
|---|---|---|---|
Branch Banking And Trust Co Trustee | 1 | $39,139 | |
Michael S Walker Advisory Committee Member | 0 | $0 | |
D Stephen Walker Advisory Committee Member | 0 | $0 | |
Richard B Walker Advisory Committee Member | 0 | $0 | |
Cecil P Walker Advisory Committee Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $113,212 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,087,502 |
| Capital Gain Net Income | $1,087,502 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,200,714 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $39,139 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,667 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $56,868 |
| Contributions, gifts, grants paid | $345,000 |
| Total expenses and disbursements | $401,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76 |
| Savings and temporary cash investments | $302,545 |
| 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 | $2,160,919 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,824,960 |
| 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, Cecil I Walker Machinery Co Charitable Trust has awarded $345,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Charleston, WV PURPOSE: GENERAL OPERATING | $65,000 |
Charleston, WV PURPOSE: GENERAL OPERATING | $60,000 |
WEST VIRGINIA SYMPHONY ORCHESTRA PURPOSE: GENERAL OPERATING | $35,000 |
CLAY CENTER FOR THE ARTS & SCIENCES PURPOSE: GENERAL OPERATING | $30,000 |
GIRL SCOUTS OF BLACK DIAMOND COUNCIL PURPOSE: GENERAL OPERATING | $25,000 |
Charleston, WV PURPOSE: GENERAL OPERATING | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |