Elias H Pegram Jr Charitable Trust
- Assets
- $1.0m
- Revenue
- $103.6k
- Investments
- $954.6k
- Employees
- 0
- Location
- Suffolk, VA
- Founding
- 02/2019
- Data as of
- 12/2023
- EIN
- 83-6450212
Organization Overview
Elias H Pegram Jr Charitable Trust is located in Suffolk, VA. The organization was established in 2019. 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. Elias H Pegram Jr Charitable Trust 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, Elias H Pegram Jr Charitable Trust generated $103.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (32.5%) each year. All expenses for the organization totaled $71.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Elias H Pegram Jr Charitable Trust has awarded 14 individual grants totaling $132,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Giddens Trustee | 1 | $0 | |
Ira Williams Trustee | 1 | $0 | |
Katie King Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,071 |
| Interest on Savings | $4,547 |
| Dividends & Interest | $24,530 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $49,460 |
| Capital Gain Net Income | $49,460 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $103,608 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $325 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,254 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $71,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $73,517 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,028,093 |
| 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, Elias H Pegram Jr Charitable Trust has awarded $60,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SECOND HARVEST FOOD BANK PURPOSE: COMMUNITY SUPPORT | $5,000 |
WAKE FOREST INSTITUTE OF REGENERATIVE MEDICINE PURPOSE: PUBLIC HEALTH | $50,000 |
WINSTON SALEM RESCUE MISSION PURPOSE: COMMUNITY SUPPORT | $5,000 |