W I H Pitts Memorial Fund Ua 1125291
- Assets
- $78.2m
- Revenue
- $1.8m
- Investments
- $77.4m
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 11/1999
- Data as of
- 12/2023
- EIN
- 58-6374908
Organization Overview
W I H Pitts Memorial Fund Ua 1125291 is located in Orlando, FL. The organization was established in 1999. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. W I H Pitts Memorial Fund Ua 1125291 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, W I H Pitts Memorial Fund Ua 1125291 generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $5.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, W I H Pitts Memorial Fund Ua 1125291 has awarded 26 individual grants totaling $22,151,802. 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.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,750,609 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $75,335 |
| Capital Gain Net Income | $75,335 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,825,944 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $350,457 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,345 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $363,302 |
| Contributions, gifts, grants paid | $4,870,389 |
| Total expenses and disbursements | $5,233,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $768,233 |
| 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 | $72,749,157 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $78,206,837 |
| 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, W I H Pitts Memorial Fund Ua 1125291 has awarded $4,870,389 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
WAVERLY HALL METHODIST CHURCH PURPOSE: GENERAL OPERATING | $1,000 |
SOUTH GEORGIA CONFERENCE PURPOSE: GENERAL OPERATING | $608,674 |
EMORY UNIVERSITY PURPOSE: GENERAL OPERATING | $2,434,694 |
METHODIST HOME OF THE SOUTH GEORGIA PURPOSE: GENERAL OPERATING | $608,674 |
YOUNG HARRIS COLLEGE PURPOSE: GENERAL OPERATING | $1,217,347 |