Mary Boswell Foundation Inc
- Assets
- $1.4m
- Revenue
- $52.3k
- Investments
- $1.4m
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 04/2019
- Data as of
- 12/2022
- EIN
- 83-0768203
Organization Overview
Mary Boswell Foundation Inc is located in Chattanooga, TN. The organization was established in 2019. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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 Boswell Foundation Inc 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, Mary Boswell Foundation Inc generated $52.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $108.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Grant Director | 4 | $200 | |
Brett Billings Director - President | 4 | $200 | |
Karol Whitaker Director | 4 | $200 | |
Brad Kasper Director | 4 | $200 | |
Beverly Finnell Director | 4 | $200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $43,365 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,887 |
| Capital Gain Net Income | $8,887 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,252 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $31,662 |
| Contributions, gifts, grants paid | $76,913 |
| Total expenses and disbursements | $108,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $1,437,686 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,437,686 |
| 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 Boswell Foundation Inc has awarded $76,913 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GUILLAIN-BARRE SYNDROME FOUNDATION INTERNATIONAL PURPOSE: CONTRIBUTION DISTRIBUTION | $10,536 |
PROMISED LAND FOUNDATION PURPOSE: CONTRIBUTION DISTRIBUTION | $10,536 |
RENAISSANCE PURPOSE: CHARITABLE DISTRIBUTION | $55,841 |