J T - Minnie Maude Charitable Trust
- Assets
- $51.8m
- Revenue
- $1.3m
- Investments
- $51.4m
- Employees
- 0
- Location
- Danville, VA
- Founding
- 03/2008
- Data as of
- 12/2022
- 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 12/2022, J T - Minnie Maude Charitable Trust generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, J T - Minnie Maude Charitable Trust has awarded 4,123 individual grants totaling $17,915,123. 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 |
|---|---|---|---|
Sarah W Kubic Co-Trustee | 5 | $109,175 | |
Julia L Ingram Co-Trustee | 5 | $109,175 | |
John D Lovelace Co-Trustee | 5 | $109,175 | |
Earl K Emerson Co-Trustee | 5 | $109,174 | |
Harry P Sakellaris Co-Trustee | 5 | $109,174 | |
Fred K Webb Jr Exec. Director | 40 | $156,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $31 |
| Dividends & Interest | $1,572,386 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$256,323 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,316,094 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $793,073 |
| Other employee salaries and wages | $35,688 |
| Pension plans, employee benefits | $12,924 |
| Interest | $0 |
| Taxes | $81,083 |
| Depreciation | $0 |
| Occupancy | $14,670 |
| Travel, conferences, and meetings | $1,720 |
| Printing and publications | $754 |
| Other expenses | $46,185 |
| Total operating and administrative expenses | $1,065,957 |
| Contributions, gifts, grants paid | $2,175,750 |
| Total expenses and disbursements | $3,241,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $333,987 |
| Savings and temporary cash investments | $50,435 |
| 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 | $51,417,098 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $51,801,520 |
| 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 $2,175,750 in support to 432 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS BIG SISTERS OF DANVILLE AREA INCORPORATED PURPOSE: RECRUIT MENTORS/MENTEES, CREATE, MAINTAIN AND EVALUATE MATCHES, PROVIDE ACTIVITIES AND COLLEGE TOUR | $20,000 |
BOYS & GIRLS CLUBS OF THE DANVILLE AREA PURPOSE: TRANSPORTATION OF PARTICIPANTS FOR ALL CLUB SITES | $45,000 |
BOYS & GIRLS CLUBS OF THE DANVILLE AREA PURPOSE: PROJECT LEARN INITIATIVE AND POWER HOUR PROGRAM | $40,000 |
CASCADE COMMUNITY VOLUNTEER FIRE DEPARTMENT PURPOSE: STRYKER POWER LOAD SYSTEM AND STRETCHER | $49,203 |
CHATHAM RESCUE SQUAD INC PURPOSE: LUCAS 3 DEVICE, BATTERY CHARGER, EXTERNAL POWER SUPPLY, AND BATTERY | $16,000 |
CHATHAM VOLUNTEER FIRE DEPARTMENT PURPOSE: TOOLS AND EQUIPMENT FOR AERIAL PLATFORM | $34,549 |