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MARTINSBURG, WV

Roy And Gwen Steeley Foundation Inc.

Quick Facts

EIN
273900311
Location
MARTINSBURG, WV
Category
Philanthropy & Grantmaking
Total Assets
$53.3M
Annual Income
$7.7M
IRS Ruling Year
2011
Organization Type
Corporation
Principal Officer
% Foundation Source
Tax Deductibility
Contributions are deductible

About This Foundation

Roy And Gwen Steeley Foundation Inc. is a private corporation based in MARTINSBURG, WV. The foundation received its IRS ruling in 2011. The principal officer is % Foundation Source. It holds total assets of $53.3M. Annual income is reported at $7.7M. The foundation operates in the area of philanthropy & grantmaking. Contributions to this foundation are tax-deductible.

View 990 Filings

Financial Overview

Total Giving

$2.8M

2023-19%

Total Assets

$51.8M

2023+2%

Fair Market Value

$60.3M

2023

Net Worth

$51.8M

2023

Grants Paid

$2.3M

2023

Contributions

$360K

2023

Net Investment Income

$3.1M

2023

Distribution Amount

$2.8M

2023

Total Giving by Year

$157K
11
$122K
12
$151K
13
$166K
14
$441K
15
$2.3M
19
$2.7M
20
$2.6M
21
$3.4M
22
$2.8M
23

Asset Growth

$2.7M
11
$2.6M
12
$2.5M
13
$2.5M
14
$9.2M
15
$47.4M
19
$46.8M
20
$49.2M
21
$50.9M
22
$51.8M
23

Expense Breakdown (2023)

Grants Paid$2.3M
Officer Compensation$208K
Pension & Benefits$27K
Travel & Conferences$18K
Occupancy$12K

Revenue Sources (2023)

Capital Gains (Net)
$1.7M
Dividends
$1.5M
Contributions
$360K
Interest
$24K

Financial Details (2023)

Total Revenue
$3.6M
Total Expenses
$2.8M
Exempt Purpose Expenses
$2.6M
Required Distribution
$2.8M
Undistributed Income
$2.7M
Total Liabilities
$1
Excise Tax
$44K
Tax Due
$13K

Foundation Classification (2023)

Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings

Grantmaking Insights

Total Grants

50

Total Giving

$2.2M

Average Grant

$44K

Median Grant

$18K

Grant Range

Min$6K
Max$350K
Median: $18K
Smallest grantLargest grant

Geographic Distribution of Grants

AK
ME
VT
NH
WA
ID
MT
ND
MN
WI
MI
NY
MA
CT
RI
OR
NV
WY
SD
IA
IL
IN
OH
PA
NJ
CA
UT
CO
NE
MO
KY
WV
WV: $2.2M (50)
VA
MD
DE
DC
AZ
NM
KS
AR
TN
NC
SC
OK
LA
MS
AL
GA
FL
HI
TX
WV$2.2M (50)

Past Grantees

RecipientLocationAmountYear
Blue Ridge Community & Technical College FoundatioWelding Lab at the Pines Opportunities CenterMartinsburg, WV$350K2023
Morgan County Partnership IncCommunity grant matching pool accountBerkeley Spgs, WV$200K2023
Blue Ridge Community & Technical College FoundatioOpportunity Scholarship fundMartinsburg, WV$145K2023
James Rumsey Technical InstituteRegional Innovation and Implementation ManagerMartinsburg, WV$136K2023
Hinton Area Foundation IncRenovation project at Hinton Area Elementary SchoolHinton, WV$100K2023
United Way Of The Eastern Panhandle Inc2023 Unity Campaign incentive matchMartinsburg, WV$100K2023
James Rumsey Technical Instituteto purchase of a truck driving program and to launch the phlebotomy programMartinsburg, WV$100K2023
Eastern Panhandle Regional Planning & Developmentnonprofit grant writer for 12 monthsMartinsburg, WV$95K2023
Martinsburg Initiative IncMentors for Berkeley County public school, after school programming and infrastructure supportMartinsburg, WV$90K2023
Stars That ShineSalary for the Director and an administrative assistantCharles Town, WV$81K2023
Philanthropy West Virginia IncFor the Director of Membership and Engagement salaryMorgantown, WV$75K2023
The Education Alliance-Business And Community ForARC ARISECharleston, WV$75K2023
Morgan County Partnership IncGrant Writers CollaborativeBerkeley Spgs, WV$50K2023
Mrb Foundation IncGeneral & UnrestrictedMartinsburg, WV$45K2023
The Martinsburg Rock School IncScholarship fund, Accounting Fees and Marketing CostsMartinsburg, WV$41K2023
J FrittsScholarship GrantMorgantown, WV$32K2023
Eastern Panhandle Regional Planning & DevelopmentUSDA ARISEMartinsburg, WV$30K2023
Tony M Music And Arts Foundation IncAfter school and summer arts program support and expansion in Jefferson and Berkeley countiesMartinsburg, WV$29K2023
R HardtScholarship GrantBuckhannon, WV$26K2023
S VelezScholarship GrantMorgantown, WV$26K2023
Hospice Of The Panhandle IncGeneral & UnrestrictedKearneysville, WV$25K2023
A PetrarcaScholarship GrantMorgantown, WV$24K2023
C RidgewayScholarship GrantMorgantown, WV$21K2023
A ChapmanScholarship GrantShepherdstown, WV$19K2023
Spring Mills High Schoolto purchase Esports team's equipmentMartinsburg, WV$18K2023
M WalkerScholarship GrantShepherdstown, WV$18K2023
C EvansScholarship GrantMorgantown, WV$16K2023
M RubeckScholarship GrantMorgantown, WV$16K2023
A HeiseScholarship GrantMorgantown, WV$15K2023
M DelapazScholarship GrantBuckhannon, WV$14K2023
S SmithScholarship GrantMorgantown, WV$13K2023
A DuriezScholarship GrantMorgantown, WV$13K2023
A StaubsScholarship GrantMorgantown, WV$13K2023
A StaubScholarship GrantMorgantown, WV$12K2023
V DavisScholarship GrantShepherdstown, WV$12K2023
M De La PazScholarship GrantBuckhannon, WV$11K2023
A BraggScholarship GrantFairmont, WV$11K2023
A AldanaScholarship GrantMorgantown, WV$11K2023
B MottScholarship GrantMorgantown, WV$11K2023
O GroveScholarship GrantShepherdstown, WV$10K2023
K VandineScholarship GrantFairmont, WV$9K2023
H TinsmanScholarship GrantShepherdstown, WV$9K2023
J BoazScholarship GrantShepherdstown, WV$9K2023
J MatthewScholarship GrantShepherdstown, WV$9K2023
D YatesScholarship GrantMorgantown, WV$9K2023
A BraggScholarship GrantFairmont, WV$8K2023
A PattersonScholarship GrantMorgantown, WV$8K2023
M MorelandScholarship GrantWest Liberty, WV$8K2023
West Virginia University - Undergraduate ScholarsTo purchase textbooks on the Foundation's account for the Roy and Gwen Steeley Memorial Scholarship fund recipients in the spring semester of 2023Morgantown, WV$7K2023
K HartmanScholarship GrantWest Liberty, WV$6K2023

990-PF Filings

Tax PeriodReturn TypeView
2023-12990PFView Filing
2022-12990PFView Filing
2021-12990PFView Filing
2020-12990PFView Filing
2018-12990PFView Filing
2017-12990PFView Filing
2016-12990PFView Filing

Filings sourced from IRS e-file index. View all on ProPublica

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