Mary W Rawlins Memorial Tr
- Assets
- $1.1m
- Revenue
- $86.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/1996
- Data as of
- 12/2023
- EIN
- 51-6500901
Organization Overview
Mary W Rawlins Memorial Tr is located in Wilmington, DE. The organization was established in 1996. 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. Mary W Rawlins Memorial Tr 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, Mary W Rawlins Memorial Tr generated $86.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $92.6k during the year ending 12/2023. While expenses have increased by 8.0% per year over the past 9 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 2016, Mary W Rawlins Memorial Tr has awarded 23 individual grants totaling $416,448. 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 |
|---|---|---|---|
Joshua Twilley Trustee | 1 | $0 | |
Martin Luther Foundation Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $36,228 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,455 |
| Capital Gain Net Income | $50,455 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $86,683 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $269 |
| Total operating and administrative expenses | $7,569 |
| Contributions, gifts, grants paid | $85,000 |
| Total expenses and disbursements | $92,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,715 |
| Savings and temporary cash investments | $0 |
| 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 | $1,088,627 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,097,342 |
| 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 W Rawlins Memorial Tr has awarded $85,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDSHIP HOUSE INC PURPOSE: TRANSITIONAL HOUSING FOR HOMELESS INDIVIDUALS | $30,000 |
LUTHER TOWERS PURPOSE: LOW INCOME HOUSING | $5,000 |
FIRST STATE COMMUNITY ACTION AGENCY PURPOSE: SERVICE TO LOW INCOME INDIVIDUALS | $20,000 |
MILFORD HOUSING DEVELOPMENT CORP PURPOSE: LOW INCOME HOUSING | $15,000 |
MODERN MATURITY CENTER PURPOSE: SERVICES AND OUTREACH FOR THE ELDERLY POPULATION | $15,000 |