Edwin L And Elizabeth L Skeltonfoundation
- Assets
- $1.2m
- Revenue
- $63.2k
- Investments
- $1.2m
- Employees
- 0
- Location
- Enterprise, AL
- Founding
- 08/2006
- Data as of
- 12/2022
- EIN
- 20-6960202
Organization Overview
Edwin L And Elizabeth L Skeltonfoundation is located in Enterprise, AL. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Edwin L And Elizabeth L Skeltonfoundation 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, Edwin L And Elizabeth L Skeltonfoundation generated $63.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $68.2k during the year ending 12/2022. While expenses have increased by 1.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Edwin L And Elizabeth L Skeltonfoundation has awarded 169 individual grants totaling $418,800. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald S Pittman Trustee | 3.5 | $4,500 | |
Charles L Webb Trustee | 3.5 | $4,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $55 |
| Dividends & Interest | $30,935 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,218 |
| Capital Gain Net Income | $32,222 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $63,208 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $628 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $344 |
| Total operating and administrative expenses | $11,407 |
| Contributions, gifts, grants paid | $56,800 |
| Total expenses and disbursements | $68,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,683 |
| Savings and temporary cash investments | $0 |
| 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 | $895,070 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,238,430 |
| 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, Edwin L And Elizabeth L Skeltonfoundation has awarded $56,800 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ALABAMA ALUMNI FUND PURPOSE: CHARITABLE | $1,000 |
BIRMINGHAM SOUTHERN COLLEGE PURPOSE: CHARITABLE | $5,000 |
COFFEE COUNTY ARTS ALLIANCE PURPOSE: CHARITABLE | $6,000 |
CITY OF ELBA PURPOSE: CHARITABLE | $3,500 |
ENTERPRISE MUSIC CLUB PURPOSE: CHARITABLE | $2,500 |
CITY OF ENTERPRISE PURPOSE: CHARITABLE | $5,000 |