J Edwin Treakle Foundation Inc
- Assets
- $7.2m
- Revenue
- $657.0k
- Investments
- $7.0m
- Employees
- 0
- Location
- Gloucester, VA
- Founding
- 04/1973
- Data as of
- 04/2024
- EIN
- 54-6051620
Organization Overview
J Edwin Treakle Foundation Inc is located in Gloucester, VA. The organization was established in 1973. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. J Edwin Treakle Foundation 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 04/2024, J Edwin Treakle Foundation Inc generated $657.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $352.1k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, J Edwin Treakle Foundation Inc has awarded 571 individual grants totaling $3,421,000. 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 |
|---|---|---|---|
Cynthia Horsley Secretary & Grant Admin | 8 | $17,400 | |
Nancy Powell Vice President And Treasur | 8 | $17,000 | |
Robert A May President And Foundation M | 1 | $17,400 | |
Elsa Verbyla Director | 0.25 | $2,400 | |
Stuart Bunting Director | 0.25 | $2,000 | |
Carolyn Rowe Director | 0.25 | $2,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,338 |
| Dividends & Interest | $158,475 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $494,145 |
| Capital Gain Net Income | $494,145 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $656,958 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $58,600 |
| Other employee salaries and wages | $3,473 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,104 |
| Depreciation | $0 |
| Occupancy | $1,950 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,655 |
| Total operating and administrative expenses | $127,099 |
| Contributions, gifts, grants paid | $225,000 |
| Total expenses and disbursements | $352,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,875 |
| Savings and temporary cash investments | $103,424 |
| 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 | $5 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,155,967 |
| Accounts payable and accrued expenses | $1,227 |
| 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 | $4,704 |
| Total liabilities | $5,931 |
Grants Awarded
Over the last fiscal year, J Edwin Treakle Foundation Inc has awarded $225,000 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
ABINGDON VOLUNTEER FIRE AND RESCUE PURPOSE: MAINTENANCE OF EQUIPMENT, EDUCATION, AND AUDIT. | $36,000 |
ARTS ON MAIN PURPOSE: EXPAND PROGRAMS AND SERVICES FOR TEENS IN AREA. | $500 |
BAY AGING PURPOSE: FUND INSURANCE, RSVP TRAVEL, HEALTH CARE TRANSPORTATION FOR SENIORS, AND DELIVER MEALS ON WHEELS. | $5,000 |
BAY SCHOOL COMMUNITY ARTS CENTER PURPOSE: HELP FUND "OPEN ARTS" AFTER SCHOOL PROGRAM AND SUMMER ARTS CAMPS. | $500 |
BAYSIDE YOUTH BALLET PURPOSE: PAY FOR CONTINUING EDUCATION OF 15 MEMBERS OF COMPANY. | $500 |
BETHEL UNITED METHODIST CHURCH PURPOSE: HELP FUND REPLACEMENT OF STEEPLE. | $500 |