Kenneth W Oden Charitable Tr 052704
- Assets
- $322.0k
- Revenue
- $70.2k
- Investments
- $301.0k
- Employees
- 0
- Location
- Avon, NC
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 20-7052490
Organization Overview
Kenneth W Oden Charitable Tr 052704 is located in Avon, NC. The organization was established in 2014. 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. Kenneth W Oden Charitable Tr 052704 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 12/2021, Kenneth W Oden Charitable Tr 052704 generated $70.2k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $40.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Kenneth W Oden Charitable Tr 052704 has awarded 68 individual grants totaling $221,765. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS THE LOCAL PUBLIC SCHOOLS ON HATTERAS ISLAND, NORTH CAROLINA, SO AS TO MEET THE INITIAL PURPOSE TO BENEFIT THE CHILDREN OF HATTERAS ISLAND. GRANTS ARE MADE TO PROFESSIONAL EDUCATORS AND ADMINISTRATORS OF THE LOCAL ELEMENTARY, SECONDARY AND HIGH SCHOOL TO ENHANCE EDUCATIONAL PROGRAMS
THE GRANTS SUPPORT ALL OF THE STUDENTS OF THE ONLY LOCAL PUBLIC SCHOOLS ON HATTERAS ISLAND WHICH EDUCATE OVER 500 STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shaun A Ingersoll Secretary | 0.1 | $0 | |
Sherry Couch Director | 0.5 | $0 | |
Barrett Bodiford Director | 0.5 | $0 | |
Jim Lyons Director | 0.5 | $0 | |
Daniel Garcia Director | 0.5 | $0 | |
Jean-Louise Dixon Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $42,871 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,411 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,892 |
| Capital Gain Net Income | $18,892 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $70,174 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,214 |
| Total operating and administrative expenses | $31,384 |
| Contributions, gifts, grants paid | $8,759 |
| Total expenses and disbursements | $40,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,677 |
| Savings and temporary cash investments | $6,328 |
| 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 | $321,976 |
| 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, Kenneth W Oden Charitable Tr 052704 has awarded $8,759 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
HATTERAS ISLAND ELEMENTARY SCHOOL PURPOSE: EDUCATION, VOCABULARY | $2,600 |
HATTERAS ISLAND SECONDARY SCHOOL PURPOSE: EDUCATION FIELD TRIP EXP | $1,749 |
HATTERAS ISLAND SECONDARY SCHOOL PURPOSE: HOMEWORK PROJ. INCENTIVE | $1,000 |
HATTERAS ISLAND SECONDARY SCHOOL PURPOSE: EDUCATION TRAVEL | $800 |
HATTERAS ISLAND ELEMENTARY SCHOOL PURPOSE: LIBRARY GRANT | $700 |
HATTERAS ISLAND SECONDARY SCHOOL PURPOSE: RENEWABLE ENERGY PGM | $660 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kenneth W Oden Charitable Tr 052704 has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Hatteras Village Civic Association Inc Hatteras, NC PURPOSE: EDUCATIONAL ASSISTANCE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |
Goodnight Educational Foundation Cary, NC | $149,468,750 | $4,782,379 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Reinhart Foundation Richmond, VA | $39,727,277 | $36,137,915 |
Charis Foundation Knoxville, TN | $16,682,566 | $7,998,986 |
Skeebo Foundation Charlotte, NC | $58,827,572 | $60,108,534 |
Darnall W Boyd Foundation Inc Columbia, SC | $0 | $6,239,520 |
Grizzard Family Foundation Inc Stone Mountain, GA | $7,597,688 | $166,630 |
Oak Hill Fund Charlottesville, VA | $99,384,131 | $7,166,197 |
Spring Foundation Inc Atlanta, GA | $104,160,284 | -$7,184,259 |
The Williams Brice Edwards Charitable Trust Sumter, SC | $57,951,375 | $6,028,487 |
The Scott Hudgens Family Foundation Inc Duluth, GA | $0 | $7,703,530 |