E B And Mildred C Edwardscharitable Trust

E B And Mildred C Edwardscharitable Trust consistently spends more than its annual revenue, drawing down assets over the last decade.

EIN: 207183716 · Lenoir City, TN · NTEE: P20 · Updated: 2026-03-28

$327KRevenue

$456KAssets

85/100Mission Score (Excellent)

P20

About E B And Mildred C Edwardscharitable Trust

E B And Mildred C Edwardscharitable Trust (EIN: 207183716) is a nonprofit organization based in Lenoir City, TN, classified under NTEE code P20. The organization reported total revenue of $327K and total assets of $456K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of E B And Mildred C Edwardscharitable Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The E B And Mildred C Edwardscharitable Trust operates as a private foundation, as indicated by its consistent revenue streams primarily from investments and its NTEE code P20 (Private Grantmaking Foundations). Over the past decade, the organization has consistently spent more than its annual revenue, drawing down its assets from $718,124 in 2011 to $613,345 in 2023. For example, in 2023, it reported $46,737 in revenue against $60,475 in expenses. This spending pattern suggests a strategy of distributing more than its immediate income, which is common for foundations aiming to fulfill their charitable purpose. The organization maintains minimal liabilities, consistently reporting $1 or $0, indicating sound financial management in terms of debt. Its transparency is high given the public availability of its 990 filings and the clear reporting of its financial activities.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates E B And Mildred C Edwardscharitable Trust with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, E B And Mildred C Edwardscharitable Trust allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not categorized as officer compensation, which is a positive for donor confidence.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of E B And Mildred C Edwardscharitable Trust's IRS 990 filings:

Consistent asset draw-down without clear long-term sustainability plan (though common for foundations)

Strengths

The following positive indicators were identified for E B And Mildred C Edwardscharitable Trust:

Zero officer compensation reported across all filings
Minimal liabilities ($1 or $0 reported consistently)
Consistent distribution of funds, often exceeding annual revenue
High transparency through public 990 filings

Frequently Asked Questions about E B And Mildred C Edwardscharitable Trust

Is E B And Mildred C Edwardscharitable Trust a good charity?

As a private foundation, its primary function is to distribute grants. Its consistent spending above revenue and zero officer compensation suggest a commitment to its charitable purpose, making it effective in its role as a grantmaker.

Why are the assets decreasing over time?

The assets are decreasing because the trust consistently expends more than its annual revenue. For instance, in 2023, expenses were $60,475 while revenue was $46,737, leading to a draw on its principal.

Does the organization have high administrative costs?

Given its nature as a private foundation and the absence of officer compensation, its administrative costs appear to be low, primarily covering operational expenses necessary for grantmaking rather than extensive overhead.

Filing History

IRS 990 filing history for E B And Mildred C Edwardscharitable Trust showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), E B And Mildred C Edwardscharitable Trust's revenue has grown by 1.1%, moving from $46K to $47K. Total assets decreased by 14.6% over the same period, from $718K to $613K. Total functional expenses fell by 39.2%, from $99K to $60K. In its most recent filing year (2023), E B And Mildred C Edwardscharitable Trust reported a deficit of $14K, with expenses exceeding revenue. The organization holds $1 in liabilities against $613K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $613K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$47K	$60K	$613K	$1	—	—
2022	$46K	$74K	$623K	$1	—	View 990
2021	$65K	$69K	$652K	$1	—	View 990
2020	$40K	$53K	$656K	$1	—	—
2019	$61K	$84K	$668K	$1	—	View 990
2015	$50K	$65K	$651K	$1	—	View 990
2014	$100K	$94K	$666K	$1	—	View 990
2013	$49K	$74K	$661K	$0	—	View 990
2012	$50K	$82K	$686K	$0	—	View 990
2011	$46K	$99K	$718K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $47K, expenses of $60K, and assets of $613K (revenue +1.7% year-over-year).
2022: Revenue of $46K, expenses of $74K, and assets of $623K (revenue -29.1% year-over-year).
2021: Revenue of $65K, expenses of $69K, and assets of $652K (revenue +61.1% year-over-year).
2020: Revenue of $40K, expenses of $53K, and assets of $656K (revenue -34.4% year-over-year).
2019: Revenue of $61K, expenses of $84K, and assets of $668K (revenue +22.8% year-over-year).
2015: Revenue of $50K, expenses of $65K, and assets of $651K (revenue -50.1% year-over-year).
2014: Revenue of $100K, expenses of $94K, and assets of $666K (revenue +102.3% year-over-year).
2013: Revenue of $49K, expenses of $74K, and assets of $661K (revenue -1.2% year-over-year).
2012: Revenue of $50K, expenses of $82K, and assets of $686K (revenue +8.1% year-over-year).
2011: Revenue of $46K, expenses of $99K, and assets of $718K.

Data Sources and Methodology

This transparency report for E B And Mildred C Edwardscharitable Trust is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.