Albert M Price Tr No 2
- Assets
- $1.0m
- Revenue
- $118.0k
- Investments
- $998.5k
- Employees
- 0
- Location
- Parkersburg, WV
- Founding
- 11/1989
- Data as of
- 12/2022
- EIN
- 55-6081789
Organization Overview
Albert M Price Tr No 2 is located in Parkersburg, WV. The organization was established in 1989. 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. Albert M Price Tr No 2 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, Albert M Price Tr No 2 generated $118.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $70.2k during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $351 |
| Dividends & Interest | $26,068 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $91,612 |
| Capital Gain Net Income | $91,612 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $118,031 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,367 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,783 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,400 |
| Contributions, gifts, grants paid | $53,800 |
| Total expenses and disbursements | $70,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,648 |
| Net Accounts receivable | $83 |
| 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 | $1,015,218 |
| 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, Albert M Price Tr No 2 has awarded $53,800 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
2021 SCHOLARSHIPS RETURNED PURPOSE: SCHOLARSHIP | -$1,200 |
ERICA ANDERSON PURPOSE: CHARITABLE | $2,500 |
LILLY BIAS PURPOSE: CHARITABLE | $2,500 |
ANNA BURNS PURPOSE: CHARITABLE | $2,500 |
LAUREN BYRNSIDE PURPOSE: CHARITABLE | $2,500 |
BRADY CARRICO PURPOSE: CHARITABLE | $1,250 |