Mollie Mae Hanes Memorial Tr
- Assets
- $293.4k
- Revenue
- -$2.1k
- Investments
- $284.8k
- Employees
- 0
- Location
- New Harmony, IN
- Founding
- 10/2005
- Data as of
- 12/2022
- EIN
- 20-6167815
Organization Overview
Mollie Mae Hanes Memorial Tr is located in New Harmony, IN. The organization was established in 2005. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Mollie Mae Hanes Memorial Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEXINGTON THEOLOGICAL SEMINARYINCOME FROM THE TRUST WILL BE USED BY THE SEMINARY TOHELP PAY FOR THE EDUCATION OF ONE OR MORE STUDENTSOF THE SEMINARY STUDYING FOR THE MINISTRY.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,596 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,746 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$2,150 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,685 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $41 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,462 |
| Contributions, gifts, grants paid | $8,585 |
| Total expenses and disbursements | $14,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,558 |
| 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 | $284,813 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $293,371 |
| 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 |
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