Mildred Sheffield Wells Charitable Trust
- Assets
- $5.7m
- Revenue
- $243.9k
- Investments
- $4.8m
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 11/1999
- Data as of
- 09/2023
- EIN
- 56-6505336
Organization Overview
Mildred Sheffield Wells Charitable Trust is located in Raleigh, NC. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Mildred Sheffield Wells 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 09/2023, Mildred Sheffield Wells Charitable Trust generated $243.9k 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 (8.4%) each year. All expenses for the organization totaled $503.0k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mildred Sheffield Wells Charitable Trust has awarded 55 individual grants totaling $1,262,475. 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 |
|---|---|---|---|
Name Not Listed Trustee | 10 | $91,053 | |
James G Sullivan Chairman | 2.5 | $22,950 | |
Danny Mcnally Member | 0.5 | $4,400 | |
Andrew S Cannan Member | 1 | $9,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $185,294 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,635 |
| Capital Gain Net Income | $58,635 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2 |
| Total Revenue | $243,931 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $127,803 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,989 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,793 |
| Total operating and administrative expenses | $161,660 |
| Contributions, gifts, grants paid | $341,299 |
| Total expenses and disbursements | $502,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $846,152 |
| 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 | $5,683,173 |
| 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, Mildred Sheffield Wells Charitable Trust has awarded $341,299 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
THE SALVATION ARMY PURPOSE: 501C3 PURPOSES | $25,322 |
BOYS & GIRLS CLUB OF COASTAL PLAIN PURPOSE: 501C3 PURPOSES | $25,322 |
ST PAULS EPISCOPAL CHURCH PURPOSE: 501C3 PURPOSES | $25,322 |
HOPE OF GLORY MINISTRIES PURPOSE: 5013C PURPOSES | $25,000 |
GREENVILLE CHORAL SOCIETY PURPOSE: 501C3 PURPOSES | $21,000 |
FOOD BANK - CENTRAL & EASTERN NC PURPOSE: 501C3 PURPOSES | $25,000 |