Mary M And Georgie C Posey Memorial Fund
- Assets
- $2.8m
- Revenue
- $92.9k
- Investments
- $2.6m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 07/1991
- Data as of
- 12/2022
- EIN
- 94-6612930
Organization Overview
Mary M And Georgie C Posey Memorial Fund is located in Las Vegas, NV. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Mary M And Georgie C Posey Memorial Fund 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 M And Georgie C Posey Memorial Fund generated $92.9k 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 (11.9%) each year. All expenses for the organization totaled $339.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Mary M And Georgie C Posey Memorial Fund has awarded 11 individual grants totaling $1,648,233. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $90,310 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,607 |
| Capital Gain Net Income | $2,607 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $92,917 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $47,136 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,675 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23 |
| Total operating and administrative expenses | $63,930 |
| Contributions, gifts, grants paid | $275,268 |
| Total expenses and disbursements | $339,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $293 |
| Savings and temporary cash investments | $168,166 |
| 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 | $2,178,463 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,802,264 |
| 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 M And Georgie C Posey Memorial Fund has awarded $275,268 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE SALVATION ARMY PURPOSE: GENERAL SUPPORT GRANT | $266,979 |
GUIDE DOGS FOR THE BLIND INC PURPOSE: GENERAL SUPPORT GRANT | $8,289 |