Ben D Conley Charitable & Educational Foundation
- Assets
- $2.2m
- Revenue
- $133.9k
- Investments
- $2.1m
- Employees
- 0
- Location
- Kilmarnock, VA
- Founding
- 08/1988
- Data as of
- 11/2023
- EIN
- 54-1398809
Organization Overview
Ben D Conley Charitable & Educational Foundation is located in Kilmarnock, VA. The organization was established in 1988. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ben D Conley Charitable & Educational 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 11/2023, Ben D Conley Charitable & Educational Foundation generated $133.9k 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 (22.7%) each year. All expenses for the organization totaled $164.8k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ben D Conley Charitable & Educational Foundation has awarded 200 individual grants totaling $748,398. 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 |
|---|---|---|---|
James Conley Vice Pres. | 0.25 | $0 | |
Jean H Light President | 1 | $0 | |
Vera Lee Director | 0.25 | $0 | |
C Welby Saunders Director | 0.25 | $0 | |
C Dwight Clarke Treasurer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,903 |
| Dividends & Interest | $38,244 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $80,731 |
| Capital Gain Net Income | $80,731 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $63 |
| Total Revenue | $133,941 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $424 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $55 |
| Printing and publications | $0 |
| Other expenses | $27,087 |
| Total operating and administrative expenses | $29,511 |
| Contributions, gifts, grants paid | $135,285 |
| Total expenses and disbursements | $164,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $52,177 |
| 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 | $2,167,075 |
| 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, Ben D Conley Charitable & Educational Foundation has awarded $135,285 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN MUSIC AND DRAMATIC PURPOSE: EDUCATION | $3,500 |
BAY CENTER PURPOSE: HUMANITARIAN | $3,000 |
BOYS AND GIRLS CLUB PURPOSE: SAFETY, EDUCATION | $15,100 |
CAPITOL TECH UNIVERSITY PURPOSE: EDUCATION | $3,500 |
CHOWAN UNIVERSITY PURPOSE: EDUCATION | $3,500 |
COLLEGE OF WILLIAM MARY PURPOSE: EDUCATION | $3,500 |