Elwood And Rosadell Martin Charitable Tr Ua Dtd 6-12-01
- Assets
- $4.7m
- Revenue
- $149.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, NC
- Founding
- 06/2008
- Data as of
- 12/2023
- EIN
- 26-6274130
Organization Overview
Elwood And Rosadell Martin Charitable Tr Ua Dtd 6-12-01 is located in Wilmington, NC. The organization was established in 2008. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elwood And Rosadell Martin Charitable Tr Ua Dtd 6-12-01 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 12/2023, Elwood And Rosadell Martin Charitable Tr Ua Dtd 6-12-01 generated $149.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $134.9k during the year ending 12/2023. While expenses have increased by 3.1% 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 2016, Elwood And Rosadell Martin Charitable Tr Ua Dtd 6-12-01 has awarded 45 individual grants totaling $830,000. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE ORGANIZATION IS EXCLUSIVELY CHARITABLE AND RELIGIOUS AND IS ACCOMPLISHED BY DIRECT SUPPORT OF DESIGNATED CHARITIES AND RELIGIOUS ORGANIZATIONS ONLY. BY SUPPORTING THE CHARITIES IT WILL ALLOW THE ORGANIZATION TO ENGAGE OR ASSIST IN DIRECT SUPPORT OF DESIGNATED CHARITIES AND RELIGIOUS ORGANIZATIONS ONLY. BY SUPPORTING THE CHARITIES IT WILL ALLOW THE ORGANIZATION TO ENGAGE OR ASSIST IN MISSIONARY WORK AND PROVIDE FINANCIAL SUPPORT AND OTHER ASSISTANCE TO NEEDY AND UNDERPRIVILEGED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FINANCIAL SUPPORT TO FIVE CHARITABLE ORGANIZATIONS WHICH ALLOWED THESE CHARITIES TO PARTICIPATE IN MISSIONARY WORK AND PROVIDE FINANCIAL SUPPORT AND OTHER ASSISTANCE TO NEEDY AND UNDERPRIVILEGED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 10 | $0 | |
Name Not Listed Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $21,184 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,713 |
| Net Gain/Loss on Asset Sales | $117,574 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $149,471 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $130,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,795 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $134,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,166 |
| Savings and temporary cash investments | $394,348 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,928,219 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $240,598 |
| Total assets | $4,654,331 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $4,654,331 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,654,331 |
Grants Awarded
Over the last fiscal year, Elwood And Rosadell Martin Charitable Tr Ua Dtd 6-12-01 has awarded $130,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
DELCO SEVENTH DAY ADVENTIST CHURCH PURPOSE: ASSIST NEEDY AND UNDERPRIVILEGED INDIVIDUALS | $30,000 |
LEE'S CHAPEL AME ZION CHURCH PURPOSE: ASSIST NEEDY AND UNDERPRIVILEGED INDIVIDUALS | $20,000 |
LAKE WACCAMAW UNITED METHODIST CHURCH PURPOSE: ASSIST NEEDY AND UNDERPRIVILEGED INDIVIDUALS | $30,000 |
WHITEVILLE SEVENTH DAY ADVENTIST CHURCH PURPOSE: ASSIST NEEDY AND UNDERPRIVILEGED INDIVIDUALS | $30,000 |
METHODIST HOME FOR CHILDREN PURPOSE: ASSIST NEEDY AND UNDERPRIVILEGED INDIVIDUALS | $20,000 |