Meador Charitable Trust
- Assets
- $357.5k
- Revenue
- $10.6k
- Investments
- $312.7k
- Employees
- 0
- Location
- Salem, VA
- Founding
- 09/1974
- Data as of
- 05/2024
- EIN
- 54-6132963
Organization Overview
Meador Charitable Trust is located in Salem, VA. The organization was established in 1974. 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. Meador 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 05/2024, Meador Charitable Trust generated $10.6k 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 (30.0%) each year. All expenses for the organization totaled $34.7k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Meador Charitable Trust has awarded 17 individual grants totaling $146,000. 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 Co-Trustee | 3 | $2,805 | |
Susan Tinsley Co-Trustee | 3 | $2,805 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,934 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,368 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,566 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,610 |
| 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 | $9 |
| Total operating and administrative expenses | $12,735 |
| Contributions, gifts, grants paid | $22,000 |
| Total expenses and disbursements | $34,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,777 |
| Savings and temporary cash investments | $10,033 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $357,470 |
| 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, Meador Charitable Trust has awarded $22,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CANDLESTICK LIGHT TO HAITI PURPOSE: GENERAL FUND | $10,000 |
YOUNG LIFE PURPOSE: GENERAL FUND | $10,000 |
COMPASSIONATE FRIENDS OF THE ROANOKE VALLEY PURPOSE: GENERAL FUND | $2,000 |