Ted Williams Charitable Tr
- Assets
- $1.3m
- Revenue
- $24.9k
- Investments
- $1.2m
- Employees
- 0
- Location
- North Little Rock, AR
- Founding
- 08/1998
- Data as of
- 12/2022
- EIN
- 71-6172017
Organization Overview
Ted Williams Charitable Tr is located in North Little Rock, AR. The organization was established in 1998. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ted Williams 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 12/2022, Ted Williams Charitable Tr generated $24.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (38.0%) each year. All expenses for the organization totaled $354.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ted Williams Charitable Tr has awarded 30 individual grants totaling $915,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOLE CHARITABLE ACTIVITY FOR THE TED AND BETTY WILLIAMS CHARITABLE TRUST IS TO AWARD FUNDS TO COLLEGES, UNIVERSITIES, AND OTHER ENTITIES FOR THE PURPOSE OF DISTRIBUTING SCHOLARSHIPS TO QUALIFIED APPLICANTS. LISTED BELOW ARE THE INSTITUTIONS AND ENTITIES AND AMOUNTS AWARDED FOR SCHOLARSHIPS FOR 2022. BAPTIST HEALTH FOUNDATION 50,000 UALR FOUNDATION 20,000 IMMANUEL BAPTIST CHURCH 50,000 PULASKI TECHNICAL COLLEGE FOUNDATION 25,000 RAZORBACK FOUNDATION, INC. 30,000 ARKANSAS TECH UNIVERSITY FOUNDATION 75,000 CRU 50,000 NORTHWEST AR COMMUNITY COLLEGE FOUNDATION 10,000 EMPOWER 5,000 _______ TOTAL 315,000
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gwynne R Hinterthuer Co-Trustee | 0 | $7,500 | |
Byron M Eiseman Co-Trustee | 0 | $0 | |
Mary Melissa Bane Co-Trustee | 0 | $7,500 | |
Name Not Listed Co-Trustee | 0 | $17,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,498 |
| Dividends & Interest | $24,464 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$10,024 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,938 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $32,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $425 |
| Taxes | $3,865 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $39,490 |
| Contributions, gifts, grants paid | $315,000 |
| Total expenses and disbursements | $354,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,227 |
| 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 | $472,970 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $54,890 |
| Total assets | $1,280,874 |
| 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, Ted Williams Charitable Tr has awarded $315,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
PULASKI TECHNICAL COLLEGE PURPOSE: TO AWARD COLLEGE SCHOLARSHIPS | $25,000 |
ARKANSAS TECH UNIVERSITY PURPOSE: TO AWARD COLLEGE SCHOLARSHIPS | $75,000 |
UALR FOUNDATION PURPOSE: TO AWARD COLLEGE SCHOLARSHIPS | $20,000 |
IMMANUEL BAPTIST CHURCH PURPOSE: TO AWARD COLLEGE SCHOLARSHIPS | $50,000 |
BAPTIST HEALTH FOUNDATION PURPOSE: TO AWARD COLLEGE SCHOLARSHIPS | $50,000 |
RAZORBACK FOUNDATION INC PURPOSE: TO AWARD COLLEGE SCHOLARSHIPS | $30,000 |