Mayer And Arlene Mitchell Charitable Foundation
- Assets
- $251.6k
- Revenue
- $55.1k
- Investments
- $230.9k
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 03/1987
- Data as of
- 12/2022
- EIN
- 63-0935456
Organization Overview
Mayer And Arlene Mitchell Charitable Foundation is located in Mobile, AL. The organization was established in 1987. 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. Mayer And Arlene Mitchell 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, Mayer And Arlene Mitchell Charitable Foundation generated $55.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $105.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mayer And Arlene Mitchell Charitable Foundation has awarded 262 individual grants totaling $2,200,325. 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 |
|---|---|---|---|
Arlene F Mitchell President | 1 | $0 | |
James M Grodnick Vice-President | 1 | $0 | |
Joy Mitchell Grodnick Secretary | 0.5 | $0 | |
Richard Craig Mitchell Asst Secretary | 0.5 | $0 | |
Melinda M Wertheim Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18 |
| Dividends & Interest | $8,269 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $46,823 |
| Capital Gain Net Income | $46,823 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,110 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $29,355 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $31,921 |
| Contributions, gifts, grants paid | $73,275 |
| Total expenses and disbursements | $105,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,727 |
| 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 | $230,869 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $251,596 |
| 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, Mayer And Arlene Mitchell Charitable Foundation has awarded $73,275 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
ANTI DEFAMATION LEAGUE PURPOSE: CHARITABLE | $250 |
BOY SCOUTS OF AMERICA PURPOSE: CHARITABLE | $1,000 |
BOYS & GIRLS CLUBS PURPOSE: CHARITABLE | $1,000 |
AFRICATOWN CULTURAL CENTER PURPOSE: CHARITABLE | $500 |
CHILD ADVOCACY CENTER PURPOSE: CHARITABLE | $250 |
CONGREATION AHAVAS CHESED PURPOSE: RELIGIOUS | $100 |