Homer Skelton Charitable Foundation
- Assets
- $7.8m
- Revenue
- $86.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Olive Branch, MS
- Founding
- 06/1995
- Data as of
- 12/2022
- EIN
- 62-1578268
Organization Overview
Homer Skelton Charitable Foundation is located in Olive Branch, MS. The organization was established in 1995. 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. Homer Skelton Charitable Foundation 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 12/2022, Homer Skelton Charitable Foundation generated $86.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (38.2%) each year. All expenses for the organization totaled $632.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Homer Skelton Charitable Foundation has awarded 172 individual grants totaling $4,135,327. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO THREE ORGANIZATIONS THAT PROVIDE FOOD FOR THE NEEDY
FINANCIAL ASSISTANCE FOR THE CARE OF ELDERLY ADULTS AND CHILDREN, FOUR BENEFICIARIES SERVED.
CONTRIBUTIONS TO TWO CARE FACILITIES FOR MEDICAL CARE OR FOR TRANSPORTATION TO MEDICAL CARE FACILITIES.
CONTRIBUTIONS TO ELEVEN CHARITABLE ORGANIZATIONS PROVIDING ASSISTANCE TO SPECIAL NEEDS CARE INDIVIDUALS, SCHOOL SUPPLIES, OUTREACH MINISTRIES, RECREATION,SERVICES FOR TEACHERS, SCHOOL WORKER, PRINCIPALS, ELDERLY CARE AND INNER CITY KID CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Chapman Trustee | 1 | $0 | |
Catherine M Skelton Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24 |
| Dividends & Interest | $86,554 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $86,578 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $455 |
| Total operating and administrative expenses | $6,905 |
| Contributions, gifts, grants paid | $625,666 |
| Total expenses and disbursements | $632,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,671 |
| Savings and temporary cash investments | $7,772,276 |
| 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 | $7,818,947 |
| 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, Homer Skelton Charitable Foundation has awarded $625,666 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
AGAPE CHILD AND FAMILY SERVICES PURPOSE: CARE FOR CHILDREN | $19,000 |
BOYS & GIRLS CLUBS OF GR MEMPHIS PURPOSE: RECREATION | $12,000 |
CARE PREGNANCY RESOURCE CENTER PURPOSE: PRENATAL CARE FACILITY, BIBLES PROVIDED | $36,000 |
CAREWHEELS PURPOSE: ELDERLY CARE AND INNER CITY KID CARE | $4,985 |
FELLOWSHIP OF CHRISTIAN ATHLETES-DESOTO COUNTY PURPOSE: RECREATION | $3,250 |
HEARTLAND HANDS FOOD PANTRY PURPOSE: FOOD FOR THE NEEDY | $4,000 |