Edgar S Welborn Jr Endowment Tw
- Assets
- $1.2m
- Revenue
- $35.9k
- Investments
- $1.1m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 10/2003
- Data as of
- 12/2022
- EIN
- 56-6566462
Organization Overview
Edgar S Welborn Jr Endowment Tw is located in Las Vegas, NV. The organization was established in 2003. 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. Edgar S Welborn Jr Endowment Tw 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 12/2022, Edgar S Welborn Jr Endowment Tw generated $35.9k 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 (8.7%) each year. All expenses for the organization totaled $98.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Edgar S Welborn Jr Endowment Tw has awarded 54 individual grants totaling $260,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $27,013 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,923 |
| Capital Gain Net Income | $8,923 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $35,936 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,890 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $749 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $26,794 |
| Contributions, gifts, grants paid | $72,000 |
| Total expenses and disbursements | $98,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,017 |
| Savings and temporary cash investments | $81,633 |
| 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 | $1,124,872 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,208,522 |
| 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, Edgar S Welborn Jr Endowment Tw has awarded $72,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
COOPER CRAVEN CO UNC CHAPEL HILL PURPOSE: SCHOLARSHIP | $5,000 |
JORDAN FRIDLEY CO GUILFORD COLLEGE PURPOSE: SCHOLARSHIP | $6,000 |
CARRIE GREENE CO GUILFORD COLLEGE PURPOSE: SCHOLARSHIP | $12,000 |
LOGAN PALMER CO NORTH CAROLINA STATE PURPOSE: SCHOLARSHIP | $7,000 |
JULIE WAYNICK CO APPALACHIAN STATE UNIV PURPOSE: SCHOLARSHIP | $6,000 |
EMILY BLOWBLISS CO UNC WILMINGTON PURPOSE: SCHOLARSHIP | $4,500 |