Edwaldan Foundation
- Assets
- $222.2k
- Revenue
- $8.5k
- Investments
- $207.7k
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 10/1997
- Data as of
- 04/2023
- EIN
- 72-1372677
Organization Overview
Edwaldan Foundation is located in Birmingham, AL. The organization was established in 1997. 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. Edwaldan 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 04/2023, Edwaldan Foundation generated $8.5k 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 (19.1%) each year. All expenses for the organization totaled $27.3k during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAKE DONATIONS TO RELIGIOUS, CHARITABLE, EDUCATIONAL AND SCIENTIFIC ENDEAVORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith W Daniel Director | 5 | $0 | |
W Andrew Daniel Director | 1 | $0 | |
Heather L Precise Director | 1 | $0 | |
James C Musgrave Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,136 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,394 |
| Capital Gain Net Income | $6,489 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,530 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $176 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,000 |
| Printing and publications | $0 |
| Other expenses | $212 |
| Total operating and administrative expenses | $9,711 |
| Contributions, gifts, grants paid | $17,600 |
| Total expenses and disbursements | $27,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,529 |
| Savings and temporary cash investments | $2,053 |
| 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 | $207,663 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $222,245 |
| 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, Edwaldan Foundation has awarded $17,600 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
A WIDER CIRCLE PURPOSE: SELF-HELP/AID | $500 |
ALABAMA CHILDRENS HOSPITAL FDN PURPOSE: MEDICAL | $5,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: MEDICAL | $1,000 |
AMERICAN HORTICULTURAL SO PURPOSE: ENVIRONMENTAL | $1,000 |
BIRMINGHAM MUSIC CLUB GUILD PURPOSE: ARTS | $500 |
BREAST CANCER RESEARCH FOUNDATION PURPOSE: MEDICAL | $2,000 |