Thomas W Mitchell And Betty S Mitchell Charitable Foundation
- Assets
- $400.1k
- Revenue
- $30.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Bay Minette, AL
- Founding
- 04/2006
- Data as of
- 12/2022
- EIN
- 20-2802194
Organization Overview
Thomas W Mitchell And Betty S Mitchell Charitable Foundation is located in Bay Minette, AL. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Thomas W Mitchell And Betty S Mitchell Charitable Foundation 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, Thomas W Mitchell And Betty S Mitchell Charitable Foundation generated $30.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $29.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betty S Mitchell Vice Chairma | 0 | $0 | |
James H Robertson Chairman | 0 | $0 | |
Betty Lou Mitchell Wills Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $29 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30,705 |
| Total Revenue | $30,734 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $370 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,771 |
| Total operating and administrative expenses | $8,116 |
| Contributions, gifts, grants paid | $21,500 |
| Total expenses and disbursements | $29,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $400,050 |
| Net Accounts receivable | $0 |
| 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 | $400,050 |
| 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, Thomas W Mitchell And Betty S Mitchell Charitable Foundation has awarded $62,897 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF BAY MINETTE PURPOSE: GENERAL USE | $34,397 |
NORTH BALDWIN HEALTH CARE FOUNDATIO PURPOSE: GENERAL USE | $25,000 |
BAY MINETTE ELEMENTARY SCHOOL PURPOSE: GENERAL USE | $3,500 |