Edward R And Ruby J@lea Charitable Trust A
- Assets
- $342.9k
- Revenue
- $35.9k
- Investments
- $340.7k
- Employees
- 0
- Location
- Carthage, TN
- Founding
- 09/2007
- Data as of
- 12/2023
- EIN
- 20-6862913
Organization Overview
Edward R And Ruby J@lea Charitable Trust A is located in Carthage, TN. The organization was established in 2007. 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. Edward R And Ruby J@lea Charitable Trust A 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, Edward R And Ruby J@lea Charitable Trust A generated $35.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $24.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION SCHOLARSHIPS HAVE BEEN PROVIDED FOR STUDENTS AT A QUALIFIED EDUCATIONAL INSTITUTION.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,879 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,883 |
| Capital Gain Net Income | $16,883 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$832 |
| Total Revenue | $35,930 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $319 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $7,272 |
| Contributions, gifts, grants paid | $16,864 |
| Total expenses and disbursements | $24,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,037 |
| Savings and temporary cash investments | $1,105 |
| 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 | $342,867 |
| 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 | $45,942 |
| Total liabilities | $45,942 |
Grants Awarded
Over the last fiscal year, Edward R And Ruby J@lea Charitable Trust A has awarded $18,325 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AUSTIN PEAY STATE UNIVERSITY PURPOSE: SCHOLARSHIP FUNDS FOR STUDENTS' EDUCATION. | $1,074 |
CUMBERLAND UNIVERSITY PURPOSE: SCHOLARSHIP FUNDS FOR STUDENTS' EDUCATION. | $17,251 |