Paul E And Mary Grace Utterback Foundation
- Assets
- $984.4k
- Revenue
- $46.5k
- Investments
- $961.2k
- Employees
- 0
- Location
- Ocean Springs, MS
- Founding
- 06/1999
- Data as of
- 12/2023
- EIN
- 43-6786960
Organization Overview
Paul E And Mary Grace Utterback Foundation is located in Ocean Springs, MS. The organization was established in 1999. 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. Paul E And Mary Grace Utterback Foundation 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, Paul E And Mary Grace Utterback Foundation generated $46.5k in total revenue. All expenses for the organization totaled $71.4k during the year ending 12/2023. While expenses have increased by 83.9% 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 2020, Paul E And Mary Grace Utterback Foundation has awarded 52 individual grants totaling $270,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark P Utterback Trustee | 0 | $0 | |
David B Utterback Trustee | 0 | $0 | |
Sara E Woelfel Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $277 |
| Dividends & Interest | $31,110 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,143 |
| Capital Gain Net Income | $15,143 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $46,530 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,569 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,384 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $71,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,182 |
| 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 | $984,394 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,614 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,614 |
Grants Awarded
Over the last fiscal year, Paul E And Mary Grace Utterback Foundation has awarded $60,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BRAIN & BEHAVIOR RESEARCH FOUNDATION PURPOSE: TO ENHANCE CHARITABLE FOUNDATION | $3,000 |
BLUMENTHAL CENTER FOR THE PERFORMING ARTS PURPOSE: TO ENHANCE CHARITABLE FOUNDATION | $1,500 |
CLASSROOM CENTRAL PURPOSE: TO ENHANCE CHARITABLE FOUNDATION | $3,000 |
LEUKEMIA & LYMPHOMA SOCIETY PURPOSE: TO ENHANCE CHARITABLE FOUNDATION | $5,000 |
MANNA FOOD PANTRY PURPOSE: TO ENHANCE CHARITABLE FOUNDATION | $5,000 |
MISSOURI HISTORIAL SOCIETY PURPOSE: TO ENHANCE CHARITABLE FOUNDATION | $5,000 |