Ben May Charitable Trust
- Assets
- $30.5m
- Revenue
- $944.0k
- Investments
- $30.0m
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 11/1971
- Data as of
- 12/2022
- EIN
- 23-7145009
Organization Overview
Ben May Charitable Trust is located in Mobile, AL. The organization was established in 1971. 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. Ben May Charitable Trust 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, Ben May Charitable Trust generated $944.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (27.2%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ben May Charitable Trust has awarded 194 individual grants totaling $4,256,399. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynette P Koppel Dist. Committee Member | 2.3 | $0 | |
John D Peebles Dist. Committee Member | 2 | $25,000 | |
Steven Koppel Dist. Committee Member | 2 | $0 | |
Vivian G Johnston III Dist. Committee Chairman | 1 | $25,000 | |
Allison H Peebles Dist. Committee Member | 1.7 | $8,333 | |
Vivian G Johnston V Dist. Committee Member | 2.7 | $8,333 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,377 |
| Dividends & Interest | $385,083 |
| Net Rental Income | $41,483 |
| Net Gain on Sale of Assets | $507,068 |
| Capital Gain Net Income | $507,068 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$13 |
| Total Revenue | $943,998 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $141,665 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $47,356 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $19,732 |
| Printing and publications | $0 |
| Other expenses | $108,763 |
| Total operating and administrative expenses | $347,036 |
| Contributions, gifts, grants paid | $1,501,833 |
| Total expenses and disbursements | $1,848,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $562,707 |
| 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 | $14,892,372 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $30,524,569 |
| 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, Ben May Charitable Trust has awarded $1,501,833 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
ALABAMA COASTAL FOUNDATION PURPOSE: GENERAL PURPOSES | $5,000 |
ALABAMA POLICY INSTITUTE PURPOSE: GENERAL PURPOSES | $5,000 |
ALABAMA SHAKESPEARE FESTIVAL INC PURPOSE: SPONSOR 2023 PRODUCTION OF THE TEMPEST | $25,000 |
AMERICAN CHESTNUT FDN (AL CHAPTER) PURPOSE: CHESTNUT GENOME PROJECT | $5,000 |
AMERICAN COMMITTEE FOR THE WEIZMANN INSTITUTE OF SCIENCE PURPOSE: BEN MAY CENTER FOR CHEMICAL THEORY AND COMPUTATION | $250,000 |
AMERICAN FRIENDS OF THE PERES INSTITUTE FOR PEACE PURPOSE: GENERAL PURPOSES | $50,000 |