Mildred W Blount Educational & Charitable Foundation
- Assets
- $2.2m
- Revenue
- $165.4k
- Investments
- $2.0m
- Employees
- 0
- Location
- Tallassee, AL
- Founding
- 01/1982
- Data as of
- 12/2022
- EIN
- 63-0817472
Organization Overview
Mildred W Blount Educational & Charitable Foundation is located in Tallassee, AL. The organization was established in 1982. 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. Mildred W Blount Educational & Charitable 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 12/2022, Mildred W Blount Educational & Charitable Foundation generated $165.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $166.0k during the year ending 12/2022. While expenses have increased by 0.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mildred W Blount Educational & Charitable Foundation has awarded 173 individual grants totaling $996,349. 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 |
|---|---|---|---|
Jo Venable Director | 0 | $0 | |
Gary Fuller Vice Chairpe | 0 | $0 | |
Hollis Mann Director | 0 | $0 | |
Jennie Rhinehart Director | 0 | $0 | |
Teddy Taylor Director | 0 | $0 | |
Steve Schmitt Chairperson | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21,048 |
| Dividends & Interest | $38,916 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $105,390 |
| Capital Gain Net Income | $105,390 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $165,354 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,621 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $335 |
| Total operating and administrative expenses | $31,746 |
| Contributions, gifts, grants paid | $134,300 |
| Total expenses and disbursements | $166,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $139,821 |
| 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 | $372,957 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,178,844 |
| 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, Mildred W Blount Educational & Charitable Foundation has awarded $134,300 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOC OF CHRISTIANS IN TALLASSEE PURPOSE: SUPPORT COMMUNITY SERVICES | $2,800 |
COMMUNITY HOSPITAL FOUNDATION PURPOSE: MEDICAL EQUIPMENT NEEDS | $9,300 |
COMMUNITY HOSPITAL PURPOSE: TO PROVIDE NURSING SCHOLARSHIPS | $3,700 |
ELMORE COUNTY HIGH SCHOOL PURPOSE: SUPPORT ACADEMIC PROGRAMS | $3,900 |
MCCRANEY COTTLE ARTS COUNCIL PURPOSE: SUPPORT OF ARTS IN THE COMMUNITY | $3,300 |
REELTOWN HIGH SCHOOL PURPOSE: ASSIST WITH START-UP OF ART PROGRAM | $4,700 |