Nonprofit · EIN 34-6501094
J W ELLSWORTH ENDOWMENT TRUST 20-32389000
Tax-exempt · BROOKLYN, OH 44144
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,869,832 | $303,565 | $1,566,267 | $38,183,517 | $0 | $38,183,517 |
| December 31, 2023 | 990 | $979,578 | $5,601,980 | -$4,622,402 | $37,249,310 | $0 | $37,249,310 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $2,065,773
- Net gain from sales of assets
- $1,079,822
- Other revenue
- -$195,941
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $201,564
- Salaries, compensation and benefits (total)
- $201,564
- Professional fundraising fees
- $0
- Legal fees
- $3,302
- Management and general (functional)
- $303,565
Balance sheet and other
- Total assets, start of year
- $37,249,310
- Total assets, end of year
- $38,183,517
- Total liabilities, end of year
- $0
- Net assets, end of year
- $38,183,517
- Publicly traded securities
- $29,303,223
- Gross unrelated business income
- -$135,914
- Gross receipts
- $6,216,891
- Employees
- 0
- Year formed
- 1923
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEYBANK N A | TRUSTEE Institutional trustee | 1 | $201,564 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEYBANK N A | TRUSTEE Institutional trustee | – | $198,270 |
Address and contacts
- Address (IRS master file)
- 4900 TIEDEMAN ROAD OH-01-49-0381, BROOKLYN, OH 44144-2338
- In care of
- % KEYBANK N A
- Principal officer (990 for 2024)
- KEYBANK N A TRUSTEE
- Signed the 990
- KEYBANK BY JOSEPH VELKOS, VICE PRESIDENT
- Phone
- (216) 471-2012
- Return prepared by
- PWC US TAX LLP
Mission
GRANTS ARE MADE ACCORDING TO TRUST AGREEMENT DATED DECEMBER 21, 1923. KEYBANK,AS TRUSTEE, MAKES DISTRIBUTIONS FOR THE OPERATION,MAINTENANCE, AND UPKEEP OF THE WESTERN RESERVE ACADEMY. DISTRIBUTIONS ARE TO BE USED SOLELY FOR EDUCATIONAL PURPOSES. SPECIFICALLY, TO MAINTAIN AND OPERATE AN INSTITUTION OF LEARNING FOR BOYS AND YOUNG MEN THAT THEY MAY BE PREPARED TO BE USEFUL CITIZENS OF THE REPUBLIC, AND IN ADDITION TO THE USUAL CURRICULUM COMPRISING THE CLASSICS, HUMANITIES, AND SCIENCES, TO MAINTAIN A DEPARTMENT OF AGRICULTURE. IT SHALL BE THE PURPOSE OF THE SCHOOL TO AVOID AS FAR AS POSSIBLE THE DEFECTS OF MODERN EDUCATIONAL METHODS. STUDENTS SHALL BE DEVELOPED BY INSISTENCE ON THE MASTERY OF FUNDAMENTAL SUBJECTS OF STUDY. SCIENTIFIC RESEARCHES CONDUCTED BY MEMBERS OF THE FACULTY ARE TO BE ENCOURAGED. STUDENTS WITH LIMITED MEANS SHALL BE PERMITTED AND THE TUITION TO BE CHARGED TO STUDENTS SHALL AT ALL TIMES BE MAINTAINED WITH THAT OBJECT IN VIEW. KEYBANK MAINTAINS A RESPONSIVENESS TO THE
Program accomplishments
- GRANTS MADE FOR THE OPERATION, MAINTENANCE AND UPKEEP OF THE WESTERN RESERVE ACADEMY. DISTRIBUTIONS ARE TO BE USED SOLELY FOR EDUCATIONAL PURPOSES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 34-6501094
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1953
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T900)
- Assets (IRS master file)
- $38,183,517
- Income (IRS master file)
- $6,216,891
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,869,832 | $303,565 | $38,183,517 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $979,578 | $5,601,980 | $37,249,310 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $4,699,959 | $3,043,488 | $41,872,079 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-6501094).
Questions about J W ELLSWORTH ENDOWMENT TRUST 20-32389000
- What is the EIN of J W ELLSWORTH ENDOWMENT TRUST 20-32389000?
- The employer identification number (EIN) of J W ELLSWORTH ENDOWMENT TRUST 20-32389000 is 34-6501094.
- Is J W ELLSWORTH ENDOWMENT TRUST 20-32389000 tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1953.
- Are donations to J W ELLSWORTH ENDOWMENT TRUST 20-32389000 tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does J W ELLSWORTH ENDOWMENT TRUST 20-32389000 file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of J W ELLSWORTH ENDOWMENT TRUST 20-32389000 due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did J W ELLSWORTH ENDOWMENT TRUST 20-32389000 last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of J W ELLSWORTH ENDOWMENT TRUST 20-32389000?
- The 990 for the year ended December 31, 2024 names KEYBANK N A TRUSTEE.
- Who are the officers and directors of J W ELLSWORTH ENDOWMENT TRUST 20-32389000?
- The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $201,564 (KEYBANK N A, TRUSTEE).
- How much revenue does J W ELLSWORTH ENDOWMENT TRUST 20-32389000 have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,869,832, expenses of $303,565 and total assets of $38,183,517 at year end.
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