Ed & Claude Fortson Charitable Trust
- Assets
- $7.5m
- Revenue
- $266.0k
- Investments
- $7.0m
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 07/1987
- Data as of
- 12/2022
- EIN
- 58-6201850
Organization Overview
Ed & Claude Fortson Charitable Trust is located in St Louis, MO. The organization was established in 1987. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Ed & Claude Fortson 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 12/2022, Ed & Claude Fortson Charitable Trust generated $266.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $528.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ed & Claude Fortson Charitable Trust has awarded 88 individual grants totaling $2,231,112. 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 |
|---|---|---|---|
Wells Fargo Bank Na Trustee | 0 | $79,269 | |
James L Henderson Jr Adv Comm | 0 | $0 | |
Keith Mcbrayer Adv Comm | 0 | $0 | |
J W Martin Adv Comm | 0 | $0 | |
Wells Fargo Bank Na Trustee | 0 | $15,761 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $163,525 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $101,055 |
| Capital Gain Net Income | $101,055 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,460 |
| Total Revenue | $266,040 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $63,214 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,818 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $63 |
| Total operating and administrative expenses | $83,095 |
| Contributions, gifts, grants paid | $445,000 |
| Total expenses and disbursements | $528,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $497,492 |
| Savings and temporary cash investments | $0 |
| 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 | $6,964,845 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,462,337 |
| 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, Ed & Claude Fortson Charitable Trust has awarded $445,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
HENRY FOR MUSIC INC PURPOSE: GENERAL SUPPORT | $5,000 |
BOY SCOUTS OF AMERICA FLINT RIVER COUNT PURPOSE: GENERAL SUPPORT | $15,000 |
HENRY COUNTY CANCER SERVICES INC PURPOSE: GENERAL SUPPORT | $25,000 |
HAMPTON UNITED METHODIST CHURCH PURPOSE: GENERAL SUPPORT | $60,000 |
A FRIENDS HOUSE INC PURPOSE: GENERAL SUPPORT | $15,000 |
BEREA CHRISTIAN CHURCH PURPOSE: GENERAL SUPPORT | $60,000 |