Evelyn Vellguth Foundation Inc
- Assets
- $33.5k
- Revenue
- $546.0
- Investments
- $27.5k
- Employees
- 0
- Location
- Monroe, GA
- Founding
- 04/1999
- Data as of
- 12/2022
- EIN
- 58-2422659
Organization Overview
Evelyn Vellguth Foundation Inc is located in Monroe, GA. 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. Evelyn Vellguth Foundation Inc 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, Evelyn Vellguth Foundation Inc generated $546.0 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 (38.9%) each year. All expenses for the organization totaled $26.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William E Oliver President | 0 | $0 | |
Penny B Anderson Sec/treas | 0 | $7,333 | |
Cathy Walters Secretary | 0 | $7,333 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $545 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $546 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,666 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,122 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,298 |
| Total operating and administrative expenses | $18,524 |
| Contributions, gifts, grants paid | $8,000 |
| Total expenses and disbursements | $26,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,019 |
| 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 | $33,545 |
| 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, Evelyn Vellguth Foundation Inc has awarded $12,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SAWYER STEVENS PURPOSE: SCHOLARSHIP | $6,000 |
JOELLE HITECHEW PURPOSE: SCHOLARSHIP | $4,000 |
CHASE WILSON PURPOSE: SCHOLARSHIP | $2,000 |