Mildred W Fairchild Foundation
- Assets
- $480.4k
- Revenue
- $13.3k
- Investments
- $467.0k
- Employees
- 0
- Location
- Tupelo, MS
- Founding
- 09/1998
- Data as of
- 12/2022
- EIN
- 64-0886974
Organization Overview
Mildred W Fairchild Foundation is located in Tupelo, MS. The organization was established in 1998. 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. Mildred W Fairchild 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 Fairchild Foundation generated $13.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $36.2k during the year ending 12/2022. 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 |
|---|---|---|---|
Name Not Listed Co-Trustee | 1 | $5,034 | |
Robert Mcleod Co-Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,378 |
| Net Rental Income | $63 |
| Net Gain on Sale of Assets | $3,893 |
| Capital Gain Net Income | $3,893 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,334 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,034 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,152 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,200 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $36,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,389 |
| 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 | $1 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $480,411 |
| 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 Fairchild Foundation has awarded $30,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MAINGAIT PURPOSE: PROGRAM SUPPORT | $5,000 |
380 YOUTH SPORTS ORGANIZATION PURPOSE: PROGRAM SUPPORT | $5,000 |
RUNNIN WJ RANCH PURPOSE: PROGRAM SUPPORT | $2,000 |
AMERICAN LUNG ASSOCIATION IN MS PURPOSE: PROGRAM SUPPORT | $2,000 |
PINE BURR AREA COUNCIL PURPOSE: PROGRAM SUPPORT | $2,000 |
SOUTHERN PINES ANIMAL SHELTER PURPOSE: PROGRAM SUPPORT | $5,000 |