J T - Minnie Maude Charitable Trust
- Assets
- $53.7m
- Revenue
- $5.7m
- Investments
- $53.5m
- Employees
- 0
- Location
- Danville, VA
- Founding
- 03/2008
- Data as of
- 12/2021
- EIN
- 26-0771142
Organization Overview
J T - Minnie Maude Charitable Trust is located in Danville, VA. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J T - Minnie Maude 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 12/2021, J T - Minnie Maude Charitable Trust generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 1.0% 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.
Since 2015, J T - Minnie Maude Charitable Trust has awarded 3,691 individual grants totaling $15,739,373. 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 |
|---|---|---|---|
Fred K Webb Jr Exec. Director | 40 | $145,000 | |
Sarah W Kubic Co-Trustee | 5 | $130,091 | |
John D Lovelace Co-Trustee | 5 | $130,091 | |
Julia L Ingram Co-Trustee | 5 | $130,091 | |
Harry P Sakellaris Co-Trustee | 5 | $130,090 | |
Earl K Emerson Co-Trustee | 5 | $130,090 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,878,195 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,819,684 |
| Capital Gain Net Income | $1,819,684 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,697,879 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $880,453 |
| Other employee salaries and wages | $62,582 |
| Pension plans, employee benefits | $12,797 |
| Interest | $0 |
| Taxes | $67,246 |
| Depreciation | $0 |
| Occupancy | $14,670 |
| Travel, conferences, and meetings | $1,960 |
| Printing and publications | $2,926 |
| Other expenses | $44,113 |
| Total operating and administrative expenses | $1,170,845 |
| Contributions, gifts, grants paid | $2,220,741 |
| Total expenses and disbursements | $3,391,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,165 |
| Savings and temporary cash investments | $198,695 |
| 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 | $53,461,273 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $53,727,133 |
| 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, J T - Minnie Maude Charitable Trust has awarded $2,220,741 in support to 454 organizations.
| Grant Recipient | Amount |
|---|---|
Danville, VA PURPOSE: LIGHTING, (2) REPLACEMENT GENERATORS, (2) POWER LOAD TECHNOLOGY FOR STRETCHERS, (5) TOUGHPAD MOBILE COMPUTER TABLETS | $119,521 |
CITY OF DANVILLE PURPOSE: CONSTRUCTION OF PARK AT INTERSECTION OF MAIN STREET, MEMORIAL DRIVE, CRAGHEAD STREET AND THE MARTIN LUTHER KING JR BRIDGE | $100,000 |
Danville, VA PURPOSE: TWENTY (20) SETS OF FIRE FIGHTER TURNOUT GEAR | $60,000 |
Cascade, VA PURPOSE: EXTRICATION TOOLS | $52,493 |
Danville, VA PURPOSE: OPERATION OF THE WAREHOUSE FOR 12 MONTHS | $50,000 |
Dry Fork, VA PURPOSE: FIFTEEN (15) SETS OF TURNOUT GEAR | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Indian Paintbrush Foundation Washington, DC | $2,617,521,485 | $1,521,981,843 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |
District Of Columbia College Access Program Washington, DC | $105,959,870 | $18,161,486 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Asian And Pacific Islander American Scholarship Fund Washington, DC | $37,686,826 | $13,616,717 |
Morehead Cain Foundation Chapel Hill, NC | $0 | $13,275,596 |
Education Foundation Scholarship Endowment Trust Chapel Hill, NC | $389,903,195 | $25,351,334 |