Edward R And Ruby J@lea Charitable Trust B
- Assets
- $513.4k
- Revenue
- $35.7k
- Investments
- $456.3k
- Employees
- 0
- Location
- Carthage, TN
- Founding
- 09/2007
- Data as of
- 12/2021
- EIN
- 20-6862914
Organization Overview
Edward R And Ruby J@lea Charitable Trust B 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 B 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 12/2021, Edward R And Ruby J@lea Charitable Trust B generated $35.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $40.6k during the year ending 12/2021. While expenses have increased by 0.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SCHOLARSHIPS PROVIDED FOR STUDENTS AT SEVEN QUALIFIED EDUCATIONAL INSTITUTIONS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,832 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,424 |
| Capital Gain Net Income | $12,424 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$562 |
| Total Revenue | $35,694 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,961 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $176 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $48 |
| Total operating and administrative expenses | $12,847 |
| Contributions, gifts, grants paid | $27,737 |
| Total expenses and disbursements | $40,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,045 |
| Savings and temporary cash investments | $8,107 |
| 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 | $45,942 |
| 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 | $513,378 |
| 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, Edward R And Ruby J@lea Charitable Trust B has awarded $27,737 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Lebanon, TN PURPOSE: EDUCATION SCHOLARSHIP FOR STUDENTS | $18,663 |
Cookeville, TN PURPOSE: EDUCATION SCHOLARSHIP FOR STUDENTS | $3,000 |
UNIVERSITY OF TENNESSEE PURPOSE: EDUCATION SCHOLARSHIP FOR STUDENTS | $3,000 |
Clarksville, TN PURPOSE: EDUCATION SCHOLARSHIP FOR STUDENTS | $1,074 |
Gallatin, TN PURPOSE: EDUCATION SCHOLARSHIP FOR STUDENTS | $1,000 |
Bowling Green, KY PURPOSE: EDUCATION SCHOLARSHIP FOR STUDENTS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |
Oakwood Foundation Charitable Tr Tupelo, MS | $13,916,638 | $13,351,239 |
Goodnight Educational Foundation Cary, NC | $149,468,750 | $4,782,379 |
The Hagan Scholarship Foundation Columbia, MO | $259,194,852 | $64,132,818 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Reinhart Foundation Richmond, VA | $39,727,277 | $36,137,915 |
Charis Foundation Knoxville, TN | $16,682,566 | $7,998,986 |
Skeebo Foundation Charlotte, NC | $58,827,572 | $60,108,534 |
Grizzard Family Foundation Inc Stone Mountain, GA | $7,597,688 | $166,630 |
Oak Hill Fund Charlottesville, VA | $99,384,131 | $7,166,197 |
Spring Foundation Inc Atlanta, GA | $104,160,284 | -$7,184,259 |
The Scott Hudgens Family Foundation Inc Duluth, GA | $0 | $7,703,530 |