Charles B Keesee Educational Fund Incorporated
- Assets
- $78.3m
- Revenue
- $6.0m
- Investments
- $71.5m
- Employees
- 0
- Location
- Martinsville, VA
- Founding
- 11/1943
- Data as of
- 01/2022
- EIN
- 54-0490435
Organization Overview
Charles B Keesee Educational Fund Incorporated is located in Martinsville, VA. The organization was established in 1943. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Charles B Keesee Educational Fund Incorporated 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 01/2022, Charles B Keesee Educational Fund Incorporated generated $6.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $3.9m during the year ending 01/2022. While expenses have increased by 0.1% per year over the past 4 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 2021, Charles B Keesee Educational Fund Incorporated has awarded 39 individual grants totaling $6,388,264. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Prillaman Executive Director | 40 | $74,813 | |
Renee Fulcher Finance Admin | 40 | $55,053 | |
Douglas T Ramsey Vice President | 25 | $54,934 | |
David D Burhans President | 5 | $10,750 | |
Ryan R Hutchinson Trustee | 5 | $9,750 | |
John T Fulcher Trustee | 5 | $9,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Truist Financial | 1/30/22 | $66,950 |
Oppenheimer & Co Inc | 1/30/22 | $92,924 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,500 |
| Interest on Savings | $1,386 |
| Dividends & Interest | $1,020,911 |
| Net Rental Income | $19,425 |
| Net Gain on Sale of Assets | $4,728,415 |
| Capital Gain Net Income | $4,728,415 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $204,072 |
| Total Revenue | $5,985,709 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $123,019 |
| Other employee salaries and wages | $142,133 |
| Pension plans, employee benefits | $32,908 |
| Interest | $21,401 |
| Taxes | $111,165 |
| Depreciation | $19,933 |
| Occupancy | $15,371 |
| Travel, conferences, and meetings | $1,304 |
| Printing and publications | $0 |
| Other expenses | $4,930 |
| Total operating and administrative expenses | $723,021 |
| Contributions, gifts, grants paid | $3,131,636 |
| Total expenses and disbursements | $3,854,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $240,619 |
| Savings and temporary cash investments | $4,968,780 |
| 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 | $86,646 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,125,047 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $64,663,883 |
| Net Land, buildings, and equipment | $242,406 |
| Other assets | $114,161 |
| Total assets | $78,271,755 |
| Accounts payable and accrued expenses | $8,489 |
| 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 | $177,736 |
| Total liabilities | $186,225 |
Grants Awarded
Over the last fiscal year, Charles B Keesee Educational Fund Incorporated has awarded $3,131,636 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Wake Forest, NC PURPOSE: STUDENT GRANTS FOR TUITION, BOOKS, FEES, ETC. | $1,347,177 |
GARDER-WEBB DIVINITY SCHOOL PURPOSE: STUDENT GRANTS FOR TUITION, BOOKS, FEES, ETC. | $250,067 |
SOUTHERN BAPTIST THEOLOGICAL SEMINA PURPOSE: STUDENT GRANTS FOR TUITION, BOOKS, FEES, ETC. | $217,889 |
CAMPBELL DIVINITY SCHOOL PURPOSE: STUDENT GRANTS FOR TUITION, BOOKS, FEES, ETC. | $182,002 |
DUKE DIVINITY SCHOOL PURPOSE: STUDENT GRANTS FOR TUITION, BOOKS, FEES, ETC. | $113,500 |
RAWLINGS SCHOOL OF DIVINITY AT LIBE PURPOSE: STUDENT GRANTS FOR TUITION, BOOKS, FEES, ETC. | $107,688 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transylvania Vocational Services Inc Brevard, NC | $52,218,118 | $34,183,028 |
Champions For Education Inc Charlotte, NC | $4,769,828 | $14,830,024 |
Campus Development Foundation Inc Chattanooga, TN | $70,898,605 | $12,373,348 |
Kentucky Educational Development Corporation Ashland, KY | $6,070,827 | $11,298,796 |
Building Hope Finance Washington, DC | $123,995,340 | $7,003,194 |
Nc State Engineering Foundation Inc Raleigh, NC | $172,988,383 | $18,412,442 |
Dc Public Education Fund Washington, DC | $19,324,284 | $7,024,090 |
St Christophers School Foundation Richmond, VA | $94,106,126 | $9,680,251 |
National Automatic Sprinkler 669 Va Education Fund Columbia, MD | $15,668,623 | $8,120,660 |
United States Japan Foundation Owings Mills, MD | $106,169,200 | $4,759,214 |
Lowes Foundation Mooresville, NC | $8,794,184 | $2,155,365 |
Knox Education Foundation Knoxville, TN | $6,393,317 | $5,852,579 |