Middlesboro Independent Schools Tr Foundation
- Assets
- $108.7k
- Revenue
- $8.2k
- Investments
- $108.7k
- Employees
- 0
- Location
- Middlesboro, KY
- Founding
- 04/2004
- Data as of
- 08/2022
- EIN
- 14-1846453
Organization Overview
Middlesboro Independent Schools Tr Foundation is located in Middlesboro, KY. The organization was established in 2004. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Middlesboro Independent Schools Tr 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 08/2022, Middlesboro Independent Schools Tr Foundation generated $8.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $2.0k during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,424 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $741 |
| Capital Gain Net Income | $741 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,165 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,547 |
| Total operating and administrative expenses | $1,997 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $108,718 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $108,718 |
| 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, Middlesboro Independent Schools Tr Foundation has awarded $9,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Harrogate, TN PURPOSE: SCHOLARSHIP | $1,500 |
EASTERN KENTUCKY UNIVERSITY PURPOSE: SCHOLARSHIP | $1,500 |
Harrogate, TN PURPOSE: SCHOLARSHIP | $1,500 |
EASTERN KENTUCKY UNIVERSITY PURPOSE: SCHOLARSHIP | $1,500 |
EASTERN KENTUCKY UNIVERSITY PURPOSE: SCHOLARSHIP | $1,500 |
Harrogate, TN PURPOSE: SCHOLARSHIP | $1,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Middlesboro Independent Schools Tr Foundation has recieved totaling $39,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Knoxville, TN PURPOSE: ACADEMIC | $39,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Virginia Licensing & Ventures Group Charlottesville, VA | $21,114,215 | $9,580,641 |
Blanche Ebert Seaver Trust For Frank R Seaver College Chicago, IL | $130,613,951 | $5,090,055 |
Marshall-Wythe School Of Law Foundation Williamsburg, VA | $56,391,482 | $7,245,738 |
Horatio Alger Endowment Fund Alexandria, VA | $322,951,010 | $58,271,352 |
Old Dominion Athletic Foundation Norfolk, VA | $75,318,666 | $6,634,127 |
Auxiliary Services Foundation Memphis, TN | $24,476,321 | $9,276,607 |
William Rainey Harper College Educational Foundation Palatine, IL | $50,154,930 | $4,699,112 |
Clven National House Corporation Carmel, IN | $3,795,815 | $8,533,157 |
Wright State University Foundation Inc Dayton, OH | $166,064,682 | $13,302,016 |
College Heights Foundation Inc Bowling Green, KY | $121,076,020 | $12,280,275 |
V M I Keydet Club Lexington, VA | $95,483,413 | $9,549,405 |
Northern Kentucky University Foundation Inc Highland Heights, KY | $152,385,239 | $8,696,843 |