Dr Lee Maccormick Edwards Charitable Foundation
- Assets
- $5.8m
- Revenue
- $1.1m
- Investments
- $5.2m
- Employees
- 0
- Location
- Naples, FL
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 46-2742629
Organization Overview
Dr Lee Maccormick Edwards Charitable Foundation is located in Naples, FL. The organization was established in 2014. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Dr Lee Maccormick Edwards Charitable 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 12/2021, Dr Lee Maccormick Edwards Charitable Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (27.2%) each year. All expenses for the organization totaled $515.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Dr Lee Maccormick Edwards Charitable Foundation has awarded 88 individual grants totaling $877,198. 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 |
|---|---|---|---|
Joseph Piropato President | 1 | $0 | |
Tina Albright Secretary/treasurer | 1 | $0 | |
Alison Edwards Curwen Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $73,654 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,073,309 |
| Capital Gain Net Income | $1,073,309 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,146,963 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,222 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,503 |
| Total operating and administrative expenses | $104,718 |
| Contributions, gifts, grants paid | $410,500 |
| Total expenses and disbursements | $515,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $684,660 |
| 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 | $5,847,952 |
| 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, Dr Lee Maccormick Edwards Charitable Foundation has awarded $410,500 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: SUPPORT OF THE SUMMER TRAVEL PROGRAM | $50,000 |
Darien, CT PURPOSE: SUPPORT OF DR. CALDON'S OVARIAN CANCER RESEARCH | $30,000 |
New York, NY PURPOSE: SUPPORT OF ART FELLOWSHIP (YEAR 5) | $30,000 |
Cold Spring Harbor, NY PURPOSE: SUPPORT OF COVID-19 RESEARCH | $30,000 |
New York, NY PURPOSE: SUPPORT FOR COVID-19 RELIEF | $25,000 |
New York, NY PURPOSE: DR. LEE MACCORMICK EDWARDS SCHOLARSHIP IN VOICE | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Bankers Association Group Benefits Trust Orlando, FL | $33,617,508 | $79,896,107 |
Lettie Pate Whitehead Foundation Inc Atlanta, GA | $545,577,272 | $201,098,940 |
Mitchell Wolfson Sr Foundation Miami, FL | $245,881,118 | $51,380,734 |
Sudco Inc & Affiliates Voluntary Empl Beneficiary Association Tr Jacksonville, FL | $1,629,809 | $12,527,671 |
Lucille S Beeson Charitable Remainder 66 1055001761 Birmingham, AL | $200,434,362 | $15,901,903 |
Walter R Ferguson Charitable Foundation Charitable Foundation Fort Lauderdale, FL | $0 | $613,063 |
Telford Foundation Inc Naples, FL | $77,208,801 | $5,161,589 |
Wanda And James M Moran Jr Foundation Inc Deerfield Beach, FL | $6,609,461 | $5,004,559 |
Yarim Foundation Boca Raton, FL | $1,467,226 | $2,520,229 |
Arnold & Winnie Palmer Foundation Inc Orlando, FL | $20,742,397 | $2,603,528 |
Mssa Ila Vacation Plan And Trust Mobile, AL | $2,494,985 | $3,007,833 |
W I H Pitts Charitable Tr Ua 110187 Orlando, FL | $39,439,716 | $4,048,727 |