Charles B Keesee Educational Fund Incorporated
- Assets
- $70.1m
- Revenue
- $2.5m
- Investments
- $62.3m
- Employees
- 0
- Location
- Martinsville, VA
- Founding
- 11/1943
- Data as of
- 01/2024
- 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 01/2024, Charles B Keesee Educational Fund Incorporated generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.2%) each year. All expenses for the organization totaled $4.2m during the year ending 01/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Charles B Keesee Educational Fund Incorporated has awarded 83 individual grants totaling $13,709,399. 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 |
|---|---|---|---|
David D Burhans Trustee | 5 | $733 | |
Douglas T Ramsey Vice President | 25 | $57,099 | |
Georgia P Compton Treasurer/secre | 5 | $16,963 | |
G Paul Fletcher Trustee | 5 | $15,245 | |
John T Fulcher Trustee | 5 | $15,650 | |
Ryan R Hutchinson President | 5 | $16,213 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Oppenheimer & Co Inc | 1/30/23 | $61,247 |
Truist Financial | 1/30/23 | $64,942 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $332,388 |
| Dividends & Interest | $1,397,119 |
| Net Rental Income | $20,125 |
| Net Gain on Sale of Assets | $715,245 |
| Capital Gain Net Income | $715,245 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $77,953 |
| Total Revenue | $2,542,830 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $162,486 |
| Other employee salaries and wages | $144,918 |
| Pension plans, employee benefits | $29,824 |
| Interest | $3,244 |
| Taxes | $73,550 |
| Depreciation | $24,100 |
| Occupancy | $15,807 |
| Travel, conferences, and meetings | $6,803 |
| Printing and publications | $0 |
| Other expenses | $49,070 |
| Total operating and administrative expenses | $688,774 |
| Contributions, gifts, grants paid | $3,552,881 |
| Total expenses and disbursements | $4,241,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $311,081 |
| Savings and temporary cash investments | $5,600,849 |
| 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 | $54,283 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,524,517 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $61,269,137 |
| Net Land, buildings, and equipment | $240,315 |
| Other assets | $103,289 |
| Total assets | $70,097,765 |
| Accounts payable and accrued expenses | $8,445 |
| 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 | $93,667 |
| Total liabilities | $102,112 |
Grants Awarded
Over the last fiscal year, Charles B Keesee Educational Fund Incorporated has awarded $3,552,881 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
DUKE DIVINITY SCHOOL PURPOSE: STUDENT GRANTS FOR TUITION, BOOKS, FEES, ETC. | $143,950 |
GARDER-WEBB DIVINITY SCHOOL PURPOSE: STUDENT GRANTS FOR TUITION, BOOKS, FEES, ETC. | $212,993 |
MIDWESTERN BAPTIST THEOLOGICAL SEMI PURPOSE: STUDENT GRANTS FOR TUITION, BOOKS, FEES, ETC. | $36,650 |
NEW ORLEANS BAPTIST THEOLOGICAL SEM PURPOSE: STUDENT GRANTS FOR TUITION, BOOKS, FEES, ETC. | $156,619 |
SOUTHEASTERN BAPTIST THEOLOGICAL SE PURPOSE: STUDENT GRANTS FOR TUITION, BOOKS, FEES, ETC. | $1,948,822 |
SOUTHERN BAPTIST THEOLOGICAL SEMINA PURPOSE: STUDENT GRANTS FOR TUITION, BOOKS, FEES, ETC. | $379,915 |