The Ernestine L@lenoir Charitable Trust
- Assets
- $4.8m
- Revenue
- $124.9k
- Investments
- $4.3m
- Employees
- 0
- Location
- Butler, AL
- Founding
- 01/2000
- Data as of
- 12/2022
- EIN
- 31-6632596
Organization Overview
The Ernestine L@lenoir Charitable Trust is located in Butler, AL. The organization was established in 2000. 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. Ernestine L@lenoir 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, Ernestine L@lenoir Charitable Trust generated $124.9k 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 (22.1%) each year. All expenses for the organization totaled $280.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ernestine L@lenoir Charitable Trust has awarded 109 individual grants totaling $1,998,267. 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 |
|---|---|---|---|
Michael E Williams Trustee | 30 | $10,000 | |
Patricia W Harris Trustee | 10 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,185 |
| Dividends & Interest | $76,654 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$31,829 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $66,311 |
| Total Revenue | $124,891 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,530 |
| Interest | $0 |
| Taxes | $10,015 |
| Depreciation | $6,717 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,444 |
| Total operating and administrative expenses | $43,806 |
| Contributions, gifts, grants paid | $237,100 |
| Total expenses and disbursements | $280,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $480,445 |
| 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 | $1,374 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,226,431 |
| Net Land, buildings, and equipment | $9,692 |
| Other assets | $6,714 |
| Total assets | $4,751,863 |
| Accounts payable and accrued expenses | $408 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,338,904 |
| Other liabilities | $0 |
| Total liabilities | $1,339,312 |
Grants Awarded
Over the last fiscal year, The Ernestine L@lenoir Charitable Trust has awarded $322,100 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WEST ALABAMA FOUND PURPOSE: CHAPEL PROJECT | $64,600 |
THE UNIVERISTY OF MOBILE PURPOSE: ENDOWED SCHOLARSHIPSAND PROGRAM SUPPORT | $78,000 |
CHOCTAW ALABAMA PAWS PURPOSE: HUMANE SOCIETY | $5,000 |
MCC FOUNDATION PURPOSE: ENDOWED SCHOLARSHIPS | $52,000 |
ALK POSITIVE INC PURPOSE: CANCER SUPPORT | $5,000 |
CHOCTAW COMMUNITY DEVELOPMENT PURPOSE: COMMUNITY PROJECTS | $5,000 |