Wordsmiths Inc
- Assets
- $74.1k
- Revenue
- $22.2k
- Investments
- $70.9k
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-1987147
Organization Overview
Wordsmiths Inc is located in Birmingham, AL. The organization was established in 2014. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Wordsmiths 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 12/2021, Wordsmiths Inc generated $22.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $16.3k during the year ending 12/2021. While expenses have increased by 11.4% per year over the past 7 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORDSMITHS CONDUCTED ITS CREATIVE WRITING PROGRAM DURING 2021. STUDENTS WORKED ON WRITING SKILLS (INCLUDING FICTION, JOURNALISM, POETRY AND DRAMA) AND PARTICIPATED IN STATE AND NATIONAL WRITING CONTESTS. FIVE SCHOLARSHIPS WERE AWARDED BY THE ORGANIZATION IN 2021. IN THE MOST RECENT YEAR OF WORDSMITHS CLASSES, NINE STUDENTS PLACE IN STATE AND NATIONAL CONTESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ginny Phillips Ashe Director/president | 3 | $0 | |
Frederick Ashe Director/v. President | 0.2 | $0 | |
Hannah Wolfson Director/secretary | 0.1 | $0 | |
Brooke Battle Director/treasurer | 0.1 | $0 | |
Karen Shepard Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,260 |
| Interest on Savings | $0 |
| Dividends & Interest | $996 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,941 |
| Capital Gain Net Income | $16,230 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,197 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $265 |
| Total operating and administrative expenses | $265 |
| Contributions, gifts, grants paid | $16,000 |
| Total expenses and disbursements | $16,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,838 |
| Savings and temporary cash investments | $297 |
| 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 | $74,062 |
| 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, Wordsmiths Inc has awarded $16,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ZOE MCCREAR PURPOSE: COLLEGE SCHOLARSHIP AS DESCRIBED IN ACTIVITIES SECTION | $4,000 |
EZRA HEPHZIBAH PURPOSE: COLLEGE SCHOLARSHIP AS DESCRIBED IN ACTIVITIES SECTION | $4,000 |
KENNEDE THREADGILL PURPOSE: COLLEGE SCHOLARSHIP AS DESCRIBED IN ACTIVITIES SECTION | $4,000 |
ZIONNE MCCREAR PURPOSE: COLLEGE SCHOLARSHIP AS DESCRIBED IN ACTIVITIES SECTION | $2,000 |
AUTUMN JONES PURPOSE: COLLEGE SCHOLARSHIP AS DESCRIBED IN ACTIVITIES SECTION | $2,000 |
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|---|---|---|
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Pebble Hill Foundation Inc Thomasville, GA | $45,568,261 | $2,596,354 |
Worthington Scholarship Foundation Naples, FL | $12,065,797 | $5,368,981 |
The Switzer Family Foundation Inc St Petersburg, FL | $0 | $574,920 |
Bangladesh American Society Of Muslim Aid For Humanity Inc Boca Raton, FL | $701,948 | $2,077,483 |
Elling O Eide Charitable Foundation Inc Sarasota, FL | $66,382,103 | $1,556,208 |
Institute For The Advancement Of Minority Health Madison, MS | $471,724 | $1,858,283 |
Paul Millsap Foundation Corp Atlanta, GA | $74,268 | $1,325,506 |
Purvis Grange Foundation Inc Vicksburg, MS | $22,570,376 | $2,355,706 |