Mario & Grace Charles Education Foundation Inc
- Assets
- $0.0
- Revenue
- $7.7k
- Investments
- $445.6k
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 01/2000
- Data as of
- 10/2021
- EIN
- 62-1762700
Organization Overview
Mario & Grace Charles Education Foundation Inc is located in Chattanooga, TN. The organization was established in 2000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Mario & Grace Charles Education 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 10/2021, Mario & Grace Charles Education Foundation Inc generated $7.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (15.4%) each year. All expenses for the organization totaled $23.4k during the year ending 10/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Dockery President | 1 | $0 | |
Robert Moss Vice President | 1 | $0 | |
John Buhrman Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $7,719 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,725 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $6,574 |
| Contributions, gifts, grants paid | $16,875 |
| Total expenses and disbursements | $23,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,119 |
| Investments—mortgage loans | $0 |
| Investments—other | $194,072 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mario & Grace Charles Education Foundation Inc has awarded $16,875 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF TENNESSEE AT CHATTANO PURPOSE: FINANCIAL SUPPORT | $8,875 |
CHATTANOOGA COMMUNITY KITCHEN PURPOSE: FINANCIAL SUPPORT | $2,000 |
RONALD MCDONALD HOUSE PURPOSE: FINANCIAL SUPPORT | $2,000 |
SISKINS HOSPITAL PURPOSE: FINANCIAL SUPPORT | $2,000 |
ST ALEXIS OUTREACH MINISTRY PURPOSE: FINANCIAL SUPPORT | $2,000 |