Mildred Sheffield Wells Charitable Trust
- Assets
- $5.9m
- Revenue
- $1.2m
- Investments
- $5.0m
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 11/1999
- Data as of
- 09/2022
- EIN
- 56-6505336
Organization Overview
Mildred Sheffield Wells Charitable Trust is located in Raleigh, NC. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Mildred Sheffield Wells Charitable Trust 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 09/2022, Mildred Sheffield Wells Charitable Trust generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 38.1% each year . All expenses for the organization totaled $474.6k during the year ending 09/2022. While expenses have increased by 5.6% per year over the past 4 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, Mildred Sheffield Wells Charitable Trust has awarded 50 individual grants totaling $1,270,025. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 10 | $93,588 | |
James G Sullivan Chairman | 2.5 | $22,600 | |
Andrew S Cannan Member | 1 | $8,900 | |
Danny Mcnally Member | 0.5 | $4,660 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $164,281 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,027,193 |
| Capital Gain Net Income | $1,027,193 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $217 |
| Total Revenue | $1,191,691 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $129,748 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,613 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,811 |
| Total operating and administrative expenses | $152,772 |
| Contributions, gifts, grants paid | $321,826 |
| Total expenses and disbursements | $474,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $905,723 |
| 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 | $5,942,201 |
| 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, Mildred Sheffield Wells Charitable Trust has awarded $321,826 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Farmville, NC PURPOSE: 501C3 PURPOSES | $42,000 |
STRAIGHTWAY CHURCH PURPOSE: 5013C PURPOSES | $42,000 |
GRIFTON MISSION MINISTRIES INC PURPOSE: 501C3 PURPOSES | $39,300 |
FOOD BANK - CENTRAL & EASTERN NC PURPOSE: 501C3 PURPOSES | $25,000 |
A TIME FOR SCIENCE PURPOSE: 501C3 PURPOSES | $25,000 |
Greenville, NC PURPOSE: 501C3 PURPOSES | $19,375 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Educational Foundation Inc Chapel Hill, NC | $193,854,804 | $63,834,996 |
Nc Student Aid Association Inc Raleigh, NC | $102,296,557 | $23,877,668 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Meeting Street Schools Charleston, SC | $31,326,851 | $31,027,510 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
The North Carolina A&t Real Estate Foundation Inc Greensboro, NC | $169,150,909 | $33,021,773 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |