Joe W Ingram Trust
- Assets
- $15.3m
- Revenue
- $665.0k
- Investments
- $9.2m
- Employees
- 0
- Location
- Salisbury, MO
- Founding
- 08/1963
- Data as of
- 12/2022
- EIN
- 44-6006475
Organization Overview
Joe W Ingram Trust is located in Salisbury, MO. The organization was established in 1963. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Joe W Ingram Trust 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, Joe W Ingram Trust generated $665.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $555.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Joe W Ingram Trust has awarded 49 individual grants totaling $7,807,406. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
VALEDICTORIAN, SALUTORIAN & HIGH CLASS RANK SCHOLARSHIP GRANTS TO GRADUATING SENIORS OF CHARITON, COUNTY, MO HIGH SCHOOLS; 20 GRANTS MADE DURING 2022.
STUDENT LOANS/GRANTS FOR EDUCATIONAL STUDY (DUAL CREDIT - HIGH SCHOOL & COLLEGE); APPROXIMATELY 132 NEW LOANS/GRANTS MADE DURING 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Sturm Co-Trustee | 0 | $14,917 | |
John Ratliff Co-Trustee | 0 | $8,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,387 |
| Dividends & Interest | $331,566 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $158,885 |
| Capital Gain Net Income | $158,885 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $173,200 |
| Total Revenue | $665,038 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $23,317 |
| Other employee salaries and wages | $29,739 |
| Pension plans, employee benefits | $2,275 |
| Interest | $0 |
| Taxes | $11,925 |
| Depreciation | $1,444 |
| Occupancy | $4,287 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $128,451 |
| Total operating and administrative expenses | $230,531 |
| Contributions, gifts, grants paid | $325,038 |
| Total expenses and disbursements | $555,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,268,071 |
| Savings and temporary cash investments | $70,362 |
| 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 | $4,782,959 |
| 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 | $2,567 |
| Other assets | $11,520 |
| Total assets | $15,308,140 |
| 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 | $2,103 |
| Total liabilities | $2,103 |
Grants Awarded
Over the last fiscal year, Joe W Ingram Trust has awarded $325,038 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
CHARITON COUNTY COMMUNITY FOUNDATION PURPOSE: GENERAL OPERATIONS | $1,500 |
LARRY'S WARRIOR FOUNDATION PURPOSE: ANNUAL PATIENT CARE | $12,500 |
SALISBURY R-IV SCHOOL DISTRICT PURPOSE: TRACK AND FIELD COMPLEX | $75,000 |
FRIENDS OF KEYTESVILLEINC PURPOSE: GENERAL OPERATIONS | $3,300 |
CHARITON COUNTY HISTORICAL SOCIETY PURPOSE: GENERAL OPERATIONS | $4,885 |
UNIVERSITY OF MISSOURI EXTENSION PURPOSE: SUMMER 2022 INTERN | $3,000 |