Martha Christine White Foundation Inc
- Assets
- $1.2m
- Revenue
- $70.6k
- Investments
- $1.2m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 03/1995
- Data as of
- 12/2022
- EIN
- 63-1106800
Organization Overview
Martha Christine White Foundation Inc is located in Birmingham, AL. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Martha Christine White 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, Martha Christine White Foundation Inc generated $70.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $95.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Martha Christine White Foundation Inc has awarded 59 individual grants totaling $301,864. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha P Jordan Secretary | 2 | $0 | |
Rev Carnes E Summers Vice President | 1 | $0 | |
John E Rochester President | 4 | $0 | |
William Henry Agee Treasurer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $85 |
| Dividends & Interest | $36,001 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,488 |
| Capital Gain Net Income | $34,488 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $70,574 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,096 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,092 |
| Printing and publications | $0 |
| Other expenses | $569 |
| Total operating and administrative expenses | $47,953 |
| Contributions, gifts, grants paid | $47,640 |
| Total expenses and disbursements | $95,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16 |
| Savings and temporary cash investments | $30,404 |
| 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 | $453 |
| Total assets | $1,196,764 |
| 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, Martha Christine White Foundation Inc has awarded $47,640 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHEASTERN COUNCIL OF FOUNDATIONS PURPOSE: MEMBERSHIP DUESFOUNDATIONS ON THE HIL | $1,300 |
ALABAMA GIVING PURPOSE: MEMBERSHIP DUES | $840 |
HUGO BLACK MEMORIAL LIBRARY FUND PURPOSE: LIBRARY FUND | $20,000 |
ISABEL ANDERSON COMER MUSEUM & ARTS CENTER PURPOSE: RUTH Q DAVIS FUND | $500 |
CLAY CO DEPT OF HUMAN RESOURCES PURPOSE: CHRISTMAS | $3,000 |
FIRST ASSEMBLY OF GOD PURPOSE: FINE ARTS TEAM | $5,000 |