Mildred W Blount Educational & Charitable Foundation
- Assets
- $2.2m
- Revenue
- $97.4k
- Investments
- $2.1m
- Employees
- 0
- Location
- Tallassee, AL
- Founding
- 01/1982
- Data as of
- 12/2021
- EIN
- 63-0817472
Organization Overview
Mildred W Blount Educational & Charitable Foundation is located in Tallassee, AL. The organization was established in 1982. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Mildred W Blount Educational & 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, Mildred W Blount Educational & Charitable Foundation generated $97.4k 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 (15.8%) each year. All expenses for the organization totaled $178.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mildred W Blount Educational & Charitable Foundation has awarded 126 individual grants totaling $727,549. 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 |
|---|---|---|---|
Shirl Mathis Secretary/tr | 0 | $1,200 | |
Jo Venable Director | 0 | $0 | |
Jennie Rhinehart Director | 0 | $0 | |
Valerie Ward Director | 0 | $0 | |
Teddy Taylor Director | 0 | $0 | |
Steve Burak Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21,234 |
| Dividends & Interest | $42,429 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,662 |
| Capital Gain Net Income | $33,662 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $34 |
| Total Revenue | $97,359 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,420 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $220 |
| Total operating and administrative expenses | $32,672 |
| Contributions, gifts, grants paid | $145,299 |
| Total expenses and disbursements | $177,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $62,720 |
| 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 | $372,957 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,179,536 |
| 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, Mildred W Blount Educational & Charitable Foundation has awarded $145,299 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
AUBURN UNIVERSITY PURPOSE: TUITION SCHOLARSHIPS | $24,000 |
ST VINCENT DE PAUL CATHOLIC CHURCH PURPOSE: SUPPORT OF RELIGIOUS PROGRAMS | $11,000 |
Tallassee, AL PURPOSE: MEDICAL EQUIPMENT NEEDS | $11,000 |
UNIVERSITY OF ALABAMA PURPOSE: TUITION SCHOLARSHIPS | $9,000 |
TALLASSEE HIGH SCHOOL CHORUS PURPOSE: ASSIST WITH SCHOOL CHORUS NEEDS | $8,250 |
Mobile, AL PURPOSE: TUITION SCHOLARSHIPS | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
University Of South Florida Foundation Inc Tampa, FL | $929,677,670 | $144,887,499 |
University Of Mississippi Foundation Oxford, MS | $716,526,476 | $64,727,887 |
Auburn University Foundation Auburn, AL | $857,894,187 | $96,896,842 |
Florida State University Foundation Inc Tallahassee, FL | $730,089,060 | $57,370,131 |
Spelman College Special Ventures Fund Inc Atlanta, GA | $236,389,415 | $26,274,154 |
Seminole Boosters Inc Tallahassee, FL | $240,991,921 | $48,392,781 |
University Of Florida Research Foundation Inc Gainesville, FL | $131,218,099 | $46,757,527 |
University Of Central Florida Foundation Inc Orlando, FL | $396,904,531 | $45,984,866 |
Florida International University Foundation Inc Miami, FL | $475,743,772 | $154,605,877 |
Shorter University Inc Rome, GA | $57,209,537 | $39,807,545 |