Ed & Claude Fortson Charitable Trust
- Assets
- $7.7m
- Revenue
- $1.2m
- Investments
- $7.2m
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 07/1987
- Data as of
- 12/2021
- EIN
- 58-6201850
Organization Overview
Ed & Claude Fortson Charitable Trust is located in St Louis, MO. The organization was established in 1987. 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. Ed & Claude Fortson 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 12/2021, Ed & Claude Fortson Charitable Trust generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $525.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ed & Claude Fortson Charitable Trust has awarded 69 individual grants totaling $1,786,112. 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 |
|---|---|---|---|
Wells Fargo Bank Na Trustee | 0 | $15,761 | |
James L Henderson Jr Adv Comm | 0 | $0 | |
Keith Mcbrayer Adv Comm | 0 | $0 | |
J W Martin Adv Comm | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $212,413 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,037,250 |
| Capital Gain Net Income | $1,037,250 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $28 |
| Total Revenue | $1,249,691 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $66,448 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,638 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,713 |
| Total operating and administrative expenses | $88,012 |
| Contributions, gifts, grants paid | $437,710 |
| Total expenses and disbursements | $525,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $545,776 |
| Savings and temporary cash investments | $0 |
| 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 | $7,176,586 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,722,362 |
| 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, Ed & Claude Fortson Charitable Trust has awarded $437,710 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BEREA CHRISTIAN CHURCH PURPOSE: GENERAL SUPPORT | $60,000 |
HAMPTON UNITED METHODIST CHURCH PURPOSE: GENERAL SUPPORT | $60,000 |
SOUTHERN CRESCENT SEXUAL ASSAULT CENTER PURPOSE: GENERAL SUPPORT | $60,000 |
Fayetteville, GA PURPOSE: GENERAL SUPPORT | $50,000 |
HENRY COUNTY HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $40,000 |
Mcdonough, GA PURPOSE: GENERAL SUPPORT | $26,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
University Of Arkansas Foundation Inc Fayetteville, AR | $2,089,992,333 | $297,590,096 |
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
University Of Memphis Foundation Memphis, TN | $175,396,802 | $38,710,840 |
University Of Arkansas Fayetteville Campus Foundation Inc Fayetteville, AR | $748,157,500 | $15,686,060 |
Missouri State University Foundation Springfield, MO | $193,009,225 | $33,993,322 |
Wku Student Life Foundation Inc Bowling Green, KY | $178,491,745 | $30,600,200 |
Razorback Foundation Inc Fayetteville, AR | $72,537,377 | $26,130,749 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |