L M Butts Family Foundation
- Assets
- $132.3k
- Revenue
- $3.1k
- Investments
- $128.6k
- Employees
- 0
- Location
- Natchez, MS
- Founding
- 10/2006
- Data as of
- 12/2022
- EIN
- 06-1789292
Organization Overview
L M Butts Family Foundation is located in Natchez, MS. The organization was established in 2006. 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. L M Butts Family 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, L M Butts Family Foundation generated $3.1k 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 (13.4%) each year. All expenses for the organization totaled $2.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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 |
|---|---|---|---|
Lucius M Butts Jr President | 1 | $0 | |
Lucius M Butts III Vice Pres | 1 | $0 | |
Russell B Butts Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,118 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,118 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $31 |
| Contributions, gifts, grants paid | $2,900 |
| Total expenses and disbursements | $2,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,772 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $132,341 |
| 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, L M Butts Family Foundation has awarded $2,900 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NATCHEZ CHILDREN'S HOME SERVICES PURPOSE: SUPPORT OF DISADV YOUTH | $1,000 |
PILGRIMAGE HISTORICAL ASSOCIATION PURPOSE: SUPPORT HISTORICAL PRESERVATION & TOURISM | $500 |
NATCHEZ COMMUNITY STEWPOT PURPOSE: SUPPORT OF HOMELESS | $1,000 |
NATCHEZ FESTIVAL OF MUSIC PURPOSE: SUPPORT MUSICAL ARTS | $100 |
UNITED WAY PURPOSE: SUPPORT COMMUNITY PROJECTS | $100 |
ARTS NATCHEZ PURPOSE: SUPPORT OF MUSICAL ARTS | $200 |