Encouragement Foundation Trust
- Assets
- $260.0k
- Revenue
- $253.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Mt Pleasant, SC
- Founding
- 03/2000
- Data as of
- 12/2018
- EIN
- 31-6637537
Organization Overview
Encouragement Foundation Trust is located in Mt Pleasant, SC. 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.
For the year ending 12/2018, Encouragement Foundation Trust generated $253.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 63.3% each year . All expenses for the organization totaled $353.1k during the year ending 12/2018. While expenses have increased by 71.4% per year over the past 3 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betty W Anderson Trustee | 1 | $0 | |
Brady Anderson Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23,724 |
| Interest on Savings | $159 |
| Dividends & Interest | $4,001 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $226,015 |
| Capital Gain Net Income | $226,015 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $253,899 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,852 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,602 |
| Contributions, gifts, grants paid | $348,500 |
| Total expenses and disbursements | $353,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,953 |
| Savings and temporary cash investments | $0 |
| 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 | $259,953 |
| 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, Encouragement Foundation Trust has awarded $348,500 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
THE CARTER CENTER PURPOSE: UNRESTRICTED GIFT TO 501(C)(3) ORGANIZATION | $3,000 |
BRIDGE TO RWANDA PURPOSE: UNRESTRICTED GIFT TO 501(C)(3) ORGANIZATION | $2,000 |
LOWCOUNTRY FOOD BANK PURPOSE: UNRESTRICTED GIFT TO 501(C)(3) ORGANIZATION | $2,000 |
METANOIA PURPOSE: UNRESTRICTED GIFT TO 501(C)(3) ORGANIZATION | $115,000 |
MAYO FOUNDATION PURPOSE: UNRESTRICTED GIFT TO 501(C)(3) ORGANIZATION | $2,000 |
WYCLIFFE BIBLE TRANSLATORS INC PURPOSE: UNRESTRICTED GIFT TO 501(C)(3) ORGANIZATION | $10,000 |