Marian W Ottley U W Atlanta First Wachovia Bank Na
- Assets
- $47.8m
- Revenue
- $3.5m
- Investments
- $46.0m
- Employees
- 0
- Location
- Saint Louis, MO
- Founding
- 03/1975
- Data as of
- 12/2023
- EIN
- 58-6222004
Organization Overview
Marian W Ottley U W Atlanta First Wachovia Bank Na is located in Saint Louis, MO. The organization was established in 1975. 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. Marian W Ottley U W Atlanta First Wachovia Bank Na 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 12/2023, Marian W Ottley U W Atlanta First Wachovia Bank Na generated $3.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $3.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Marian W Ottley U W Atlanta First Wachovia Bank Na has awarded 249 individual grants totaling $13,055,516. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Florida Huff Committee Member | 1 | $400 | |
Jack Sibley Committee Member | 1 | $400 | |
Frank Sims Committee Member | 1 | $200 | |
Robert Barnett Committee Member | 1 | $400 | |
Wells Fargo Bank N A Trustee | 1 | $262,355 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,183,215 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,269,747 |
| Capital Gain Net Income | $2,269,747 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,999 |
| Total Revenue | $3,463,961 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $259,451 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $97,751 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,100 |
| Total operating and administrative expenses | $566,102 |
| Contributions, gifts, grants paid | $2,443,638 |
| Total expenses and disbursements | $3,009,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,193 |
| Savings and temporary cash investments | $1,808,897 |
| 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 | $29,083,560 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $47,796,663 |
| 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, Marian W Ottley U W Atlanta First Wachovia Bank Na has awarded $2,443,638 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
REACH FOR EXCELLENCE INC PURPOSE: GENERAL OPERATING | $40,000 |
TRUE COLORS THEATRE COMPANY PURPOSE: GENERAL OPERATING | $15,000 |
TOCCOA FALLS COLLEGE PURPOSE: GENERAL OPERATING | $50,000 |
FOXFIRE FUND INC PURPOSE: GENERAL OPERATING | $50,000 |
UNITED NEGRO COLLEGE FUND INC PURPOSE: GENERAL OPERATING | $75,000 |
CITY OF REFUGE INC PURPOSE: GENERAL OPERATING | $100,000 |