E G And Irene W Craft Foundation
- Assets
- $590.4k
- Revenue
- $33.9k
- Investments
- $565.5k
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 02/1978
- Data as of
- 05/2024
- EIN
- 59-6620265
Organization Overview
E G And Irene W Craft Foundation is located in Birmingham, AL. The organization was established in 1978. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. E G And Irene W Craft Foundation 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, E G And Irene W Craft Foundation generated $33.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $37.3k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, E G And Irene W Craft Foundation has awarded 18 individual grants totaling $248,076. 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 | $19,067 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,803 |
| Capital Gain Net Income | $14,803 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,870 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,677 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $225 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,902 |
| Contributions, gifts, grants paid | $27,384 |
| Total expenses and disbursements | $37,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $24,927 |
| 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 | $565,513 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $590,440 |
| 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, E G And Irene W Craft Foundation has awarded $27,384 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FLORDIA SHERIFFS YOUTH RANCHES PURPOSE: GENERAL OPERATING | $6,846 |
BOY SCOUTS OF AMERICA WEST CENTRAL PURPOSE: GENERAL OPERATING | $6,846 |
MORTON PLANT MEASE FDN PURPOSE: GENERAL OPERATING | $13,692 |