Jmt Foundation Trust
- Assets
- $1.5m
- Revenue
- $166.4k
- Investments
- $1.2m
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 03/2013
- Data as of
- 12/2023
- EIN
- 46-1610590
Organization Overview
Jmt Foundation Trust is located in Mobile, AL. The organization was established in 2013. 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. Jmt Foundation 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 12/2023, Jmt Foundation Trust generated $166.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $118.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jmt Foundation Trust has awarded 69 individual grants totaling $707,605. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED A GRANT TO MUNFORD CHURCH OF CHRIST IN MUNFORD, AL TO PROVIDE FINANCIAL SUPPORT FOR MISSIONS AND OTHER ACTIVITIES OF THE CONGREGATION
PROVIDED A GRANT TO UNIVERSITY CHURCH OF CHRIST IN MOBILE, AL TO PROVIDE FINANCIAL SUPPORT FOR MISSIONS AND OTHER ACTIVITIES OF THE CONGREGATION
PROVIDED A GRANT TO ADAIRSVILLE CHURCH OF CHRIST IN ADAIRSVILLE, GA TO PROVIDE FINANCIAL SUPPORT FOR MISSIONS AND OTHER ACTIVITIES OF THE CONGREGATION
PROVIDED A GRANT TO RAINBOW OMEGA, INC. IN EASTABOGA, AL TO PROVIDE A SHELTERED COMMUNITY FOR ADULTS WITH DEVELOPMENTAL DISABILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louise L Clark Trustee | 5 | $0 | |
Justin L Lackey Trustee | 5 | $0 | |
D Shane Clark Trustee | 5 | $0 | |
Harriet Swinford Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $118,010 |
| Interest on Savings | $0 |
| Dividends & Interest | $48,423 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $11,001 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $166,433 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $874 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $41 |
| Total operating and administrative expenses | $1,315 |
| Contributions, gifts, grants paid | $117,610 |
| Total expenses and disbursements | $118,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $317,347 |
| 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 | $1,489,133 |
| 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, Jmt Foundation Trust has awarded $117,610 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MUNFORD CHURCH OF CHRIST PURPOSE: PROVIDE FINANCIALASSISTANCE FOR CHURCHPROGRAMS/MISSIONS | $42,000 |
UNIVERSITY CHURCH OF CHRIST PURPOSE: PROVIDE FINANCIALSUPPORT FOR CHURCHPROGRAMS/MISSIONS | $42,000 |
ADAIRSVILLE CHURCH OF CHRIST PURPOSE: PROVIDE FINANCIALASSISTANCE FOR CHURCHPROGRAMS/MISSIONS | $5,000 |
RAINBOW OMEGA INC PURPOSE: TO PROVIDEASSISTANCE TO THOSEWITH DISABILITIES | $24,610 |
INDIVIDUAL AND FAMILY SUPPORT OF SOUTH ALABAMA PURPOSE: TO ENHANCE THELIVES OF ALABAMIAN'SWITH DISABILITIES AND THEIR FAMILIES | $4,000 |