Thomas C And Ann L Webster Charitable Foundation Inc
- Assets
- $527.4k
- Revenue
- $17.7k
- Investments
- $523.5k
- Employees
- 0
- Location
- Hilton Head Island, SC
- Founding
- 11/2009
- Data as of
- 12/2022
- EIN
- 26-3930284
Organization Overview
Thomas C And Ann L Webster Charitable Foundation Inc is located in Hilton Head Island, SC. The organization was established in 2009. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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 C And Ann L Webster Charitable Foundation Inc 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 C And Ann L Webster Charitable Foundation Inc generated $17.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $22.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Thomas C And Ann L Webster Charitable Foundation Inc has awarded 64 individual grants totaling $162,470. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTE FUNDS TO SECTION 501(C)(3) PUBLIC CHARITIES FOR THEIR PRIMARY EXEMPT ORGANIZATION PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Webster Director | 0 | $0 | |
Ann Webster Director | 0 | $0 | |
Marc A Puntereri Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,158 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,584 |
| Capital Gain Net Income | $5,584 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,742 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,172 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,342 |
| Contributions, gifts, grants paid | $20,100 |
| Total expenses and disbursements | $22,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,823 |
| 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 | $527,358 |
| 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 C And Ann L Webster Charitable Foundation Inc has awarded $20,100 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BETHESDA ACADEMY PURPOSE: FOR EXEMPT PURPOSE OF ORGANIZATION | $10,000 |
AMI KIDS PURPOSE: FOR EXEMPT PURPOSE OF ORGANIZATION | $100 |
MUSC FOUNDATION PURPOSE: FOR EXEMPT PURPOSE OF ORGANIZATION | $10,000 |