Mary Elizabeth Webster Edwards Charitable Tr
- Assets
- $1.3m
- Revenue
- $33.5k
- Investments
- $1.2m
- Employees
- 0
- Location
- Selma, AL
- Founding
- 05/1978
- Data as of
- 12/2021
- EIN
- 63-0738970
Organization Overview
Mary Elizabeth Webster Edwards Charitable Tr is located in Selma, AL. The organization was established in 1978. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mary Elizabeth Webster Edwards Charitable Tr 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, Mary Elizabeth Webster Edwards Charitable Tr generated $33.5k 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 (17.9%) each year. All expenses for the organization totaled $77.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mary Elizabeth Webster Edwards Charitable Tr has awarded 52 individual grants totaling $376,070. 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 |
|---|---|---|---|
James Burt Odom Jr Trustee | 0 | $2,500 | |
Katherine G Robertson Trustee | 0 | $2,500 | |
Cecil M Yarbrough Trustee | 0 | $2,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $29 |
| Dividends & Interest | $41,194 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$16,290 |
| Capital Gain Net Income | $27,667 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,528 |
| Total Revenue | $33,461 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $434 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,282 |
| Total operating and administrative expenses | $20,241 |
| Contributions, gifts, grants paid | $57,500 |
| Total expenses and disbursements | $77,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,080 |
| Savings and temporary cash investments | $135,716 |
| 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 | $1,338,989 |
| 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, Mary Elizabeth Webster Edwards Charitable Tr has awarded $57,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AUBURN UNIVERSITY PURPOSE: SCHOLARSHIP | $36,000 |
SELMA-DALLAS CO PUBLIC LIBRARY PURPOSE: CONTRIBUTION | $10,000 |
Belton, TX PURPOSE: SCHOLARSHIP | $3,000 |
SHILOH BAPTIST CHURCH PURPOSE: CONTRIBUTION | $3,000 |
UA SCHOOL OF LIBRARY SCIENCE PURPOSE: SCHOLARSHIP | $2,000 |
BENTON BAPTIST CHURCH PURPOSE: CONTRIBUTION | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gerstner Family Foundation Palm Beach, FL | $0 | $14,356,897 |
C And A Johnson Family Foundation Palm Beach, FL | $1,837,672 | $36,829,878 |
Oakwood Foundation Charitable Tr Tupelo, MS | $13,916,638 | $13,351,239 |
Bernard A Egan Foundation Inc Fort Pierce, FL | $114,916,843 | $8,190,041 |
Volo Foundation West Palm Beach, FL | $90,593,574 | $39,243,296 |
Lucy Gooding Charitable Foundation Trust Jacksonville, FL | $96,067,891 | $12,365,661 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Raether 1985 Charitable Trust West Palm Beach, FL | $51,858,010 | $28,246,620 |
Charis Foundation Knoxville, TN | $16,682,566 | $7,998,986 |
George Jenkins Foundation Inc Lakeland, FL | $24,813,802 | $4,640,014 |
Grizzard Family Foundation Inc Stone Mountain, GA | $7,597,688 | $166,630 |
Lattner Family Foundation Inc Delray Beach, FL | $83,049,454 | $6,453,485 |