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Nonprofiteer
← HENRY AND LOUISE TIMKEN FOUNDATION

Form 990 for tax year 2023

Filed by HENRY AND LOUISE TIMKEN FOUNDATION.

Totals

Total revenue
$328,733
Total expenses
$342,114
Contributions and grants received
$0
Grants paid
$199,460
Program service revenue
$0
Investment income
$328,733
Other revenue
$0
Total assets, end of year
$10,425,133
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$10,425,133
Program services expenses (Part IX)
$199,460
Management and general expenses
$142,654
Fundraising expenses
$0
Program service expenses (Part III)
$199,460

Program services were 58.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $160,576 · excluded $160,576

  • 7a · Gross sales of assets other than inventory

    securities $955,331

  • 7b · Less cost or other basis and sales expenses

    securities $787,174

  • 7c · Gain or loss

    securities $168,157

  • 7d · Net gain or loss

    total $168,157 · excluded $168,157

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $199,460 · program services $199,460

  • 11c · Fees: accounting

    total $2,100 · management and general $2,100

  • 11f · Fees: investment management

    total $140,354 · management and general $140,354

  • 24a · Other expenses: STATE FILING FEE

    total $200 · management and general $200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $91,412 · end of year $41,010

  • 12 · Investments: other securities

    beginning of year $9,395,757 · end of year $10,375,461

  • 15 · Other assets

    beginning of year $6,177 · end of year $8,662

  • 27 · Net assets without donor restrictions

    beginning of year $9,493,346 · end of year $10,425,133

Mission and programs · 2023

Mission

THE FOUNDATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF, AND TO CARRY OUT THE PURPOSE OF STARK COMMUNITY FOUNDATION.

  • THE FOUNDATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF, AND TO CARRY OUT THE PURPOSE OF STARK COMMUNITY FOUNDATION.

    Expenses $199,460 · Grants $199,460

As filed on the 2023 return.

Listed in Part VII

  • Ward J Timken Sr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Theodore V Boyd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Doug Sibila Beg 121323

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William H Belden Jr

    V.P., TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Paul R Bishop

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wr Timken Jr

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jane M Timken

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202413169349305901

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