Homer Skelton Charitable Foundation
- Assets
- $8.4m
- Revenue
- $929.0
- Investments
- $0.0
- Employees
- 0
- Location
- Olive Branch, MS
- Founding
- 06/1995
- Data as of
- 12/2021
- 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 12/2021, Homer Skelton Charitable Foundation generated $929.0 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 (64.9%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Homer Skelton Charitable Foundation has awarded 152 individual grants totaling $3,509,661. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS, INCLUDING A BUILDING PURCHASE, TO TWO ORGANIZATIONS THAT PROVIDE FOOD FOR THE NEEDY
FINANCIAL ASSISTANCE FOR THE CARE OF ELDERLY ADULTS AND CHILDREN, FOUR BENEFICIARIES SERVED.
CONTRIBUTIONS TO THREE CARE FACILITIES FOR MEDICAL CARE OR FOR TRANSPORTATION TO MEDICAL CARE FACILITIES.
CONTRIBUTIONS TO EIGHT CHARITABLE ORGANIZATIONS PROVIDING ASSISTANCE TO SPECIAL NEEDS CARE INDIVIDUALS, OUTREACH MINISTRIES, RECREATION,COMMUNITY SERVICES FOR FIRST RESPONDERS AND TEACHERS, 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 | $46 |
| Dividends & Interest | $883 |
| 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 | $929 |
| 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 | $110 |
| Total operating and administrative expenses | $4,290 |
| Contributions, gifts, grants paid | $1,009,300 |
| Total expenses and disbursements | $1,013,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,364,940 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,364,940 |
| 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 $1,009,300 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
HEARTLAND HANDS FOOD PANTRY PURPOSE: FOOD FOR THE NEEDY - BUILDING PURCHASE TO HOUSE FOOD PANTRY | $750,000 |
LIFE FELLOWSHIP CHURCH PURPOSE: OUTREACH MINISTRIES FOR FIRST RESPONDERS, TEACHERS AND THE ELDERLY | $100,000 |
CARE PREGNANCY RESOURCE CENTER PURPOSE: PRENATAL CARE FACILITY, BIBLES PROVIDED | $35,500 |
MEMPHIS UNION MISSION PURPOSE: OUTREACH MINISTRIES | $18,000 |
AGAPE CHILD AND FAMILY SERVICES PURPOSE: CARE FOR CHILDREN | $16,500 |
HOPE HOUSE DAY CARE ( HIV CHILDREN) PURPOSE: CARE FOR CHILDREN | $16,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Homer Skelton Charitable Foundation has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Page Family Foundation Bloomfield Hills, MI PURPOSE: UNRESTRICTED | $1,000 |
Page Family Foundation Bloomfield Hills, MI PURPOSE: UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
Woodward Hines Education Foundation Jackson, MS | $222,031,290 | $28,726,652 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |
Chi Omega Foundation Memphis, TN | $45,483,838 | $7,373,045 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |
Uab Research Foundation Birmingham, AL | $14,400,184 | $5,771,462 |
Eminent Scholars Foundation Huntsville, AL | $0 | $754,182 |
Ulm Athletic Foundation Monroe, LA | $3,668,358 | $2,963,740 |
The Dch Foundation Inc Tuscaloosa, AL | $14,560,512 | $4,470,605 |