James A Meador Foundation
- Assets
- $9.0m
- Revenue
- $124.7k
- Investments
- $8.9m
- Employees
- 0
- Location
- Salem, VA
- Founding
- 07/1966
- Data as of
- 12/2023
- EIN
- 54-0795438
Organization Overview
James A Meador Foundation is located in Salem, VA. The organization was established in 1966. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. James A Meador Foundation 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, James A Meador Foundation generated $124.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (24.1%) each year. All expenses for the organization totaled $761.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, James A Meador Foundation has awarded 92 individual grants totaling $2,159,200. 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 |
|---|---|---|---|
Cathie M Thomas President/treasurer | 5 | $48,692 | |
Susan Tinsley Vice President/secretary | 5 | $48,692 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $225,295 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$100,620 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $124,675 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $97,384 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $856 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $251 |
| Total operating and administrative expenses | $183,274 |
| Contributions, gifts, grants paid | $577,700 |
| Total expenses and disbursements | $760,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,832 |
| Savings and temporary cash investments | $89,755 |
| 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 | $3,422,759 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,018,586 |
| Accounts payable and accrued expenses | $480 |
| 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 | $480 |
Grants Awarded
Over the last fiscal year, James A Meador Foundation has awarded $577,700 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
AUSA PURPOSE: DONATION FOR GENERAL SUPPORT | $2,500 |
COVENANT FELLOWSHIP CHURCH PURPOSE: DONATION FOR GENERAL SUPPORT | $80,000 |
GOOD SAMARITAN HOSPICE PURPOSE: DONATION FOR GENERAL SUPPORT | $50,000 |
HOPE TO WALK PURPOSE: DONATION FOR GENERAL SUPPORT | $30,000 |
LAKE CHRISTIAN MINISTRIES PURPOSE: DONATION FOR GENERAL SUPPORT | $20,000 |
LIVING WELL CHURCH PURPOSE: CONTRIBUTION FOR GENERAL SUPPORT | $1,200 |