Elizabeth Sarah Kraft Memorial Trust
- Assets
- $1.5m
- Revenue
- $110.0k
- Investments
- $1.4m
- Employees
- 0
- Location
- Wheeling, WV
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 55-6118512
Organization Overview
Elizabeth Sarah Kraft Memorial Trust is located in Wheeling, WV. The organization was established in 0000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 12/2022, Elizabeth Sarah Kraft Memorial Trust generated $110.0k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $92.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Elizabeth Sarah Kraft Memorial Trust has awarded 18 individual grants totaling $224,555. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
WESBANCO BANK - RECORD KEEPING , FILING OF PROPER CHARITABLE REPORTS, PAYMENT OF INCOME TO CHARITIES, ETC...
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $29,277 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $80,706 |
| Capital Gain Net Income | $80,706 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $109,989 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,873 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,898 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,446 |
| Contributions, gifts, grants paid | $78,197 |
| Total expenses and disbursements | $92,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $80,668 |
| Net Accounts receivable | $1,838 |
| 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 | $777,652 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,470,649 |
| 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, Elizabeth Sarah Kraft Memorial Trust has awarded $78,197 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HOME SOCIETY OF WV PURPOSE: CHILD SERVICES - GENERAL | $7,820 |
BROOKE COUNTY PUBLIC LIBRARY PURPOSE: SUPPORT ACTIVITIES OF THE | $19,549 |
TRUSTEES FIRST PRESBYTERIAN PURPOSE: RELIGION - GENERAL USE | $23,459 |
BROOKE COUNTY SALVATION ARMY PURPOSE: PUBLIC ASSISTANCE - GENERAL | $3,910 |
WV UNIVERSITY FOUNDATION PURPOSE: MEDICAL RESEARCH - GENERAL | $7,820 |
BROOKE COUNTY EASTER SEAL PURPOSE: MEDICAL RESEARCH / CHILD | $15,639 |