Elizabeth Mccarty Edwards Foundation
- Assets
- $478.9k
- Revenue
- $33.0k
- Investments
- $462.7k
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 01/1996
- Data as of
- 12/2023
- EIN
- 64-0869104
Organization Overview
Elizabeth Mccarty Edwards Foundation is located in Jackson, MS. The organization was established in 1996. 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. Elizabeth Mccarty Edwards 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 12/2023, Elizabeth Mccarty Edwards Foundation generated $33.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $56.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (16.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Elizabeth Mccarty Edwards Foundation has awarded 128 individual grants totaling $639,700. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPORT TO EVANGELICAL CHRISTIAN ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Mccarty Edwards Chairman | 0 | $0 | |
William Raynor Edwards Vice-Chairman | 0 | $0 | |
Stephen Mccarty Edwards Secretary/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,197 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,806 |
| Capital Gain Net Income | $23,806 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,003 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $791 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,625 |
| Total operating and administrative expenses | $11,516 |
| Contributions, gifts, grants paid | $45,200 |
| Total expenses and disbursements | $56,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,400 |
| Savings and temporary cash investments | $13,045 |
| 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 | $753 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $462,710 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $478,908 |
| 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, Elizabeth Mccarty Edwards Foundation has awarded $45,200 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN OF ABRAHAM PURPOSE: EVANGELICAL PURPOSES | $2,500 |
CRU PURPOSE: EVANGELICAL PURPOSES | $2,500 |
FRIENDS OF ALCOHOLICS PURPOSE: EVANGELICAL PURPOSES | $1,000 |
GATEWAY RESCUE MISSION PURPOSE: EVANGELICAL PURPOSES | $1,500 |
INTERNATIONAL MESSENGERS PURPOSE: EVANGELICAL PURPOSES | $2,000 |
RUF PURPOSE: EVANGELICAL PURPOSES | $1,500 |