Thomas Gregory Skinner Memorial Trust is located in Hertford, NC. The organization was established in 1974. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Thomas Gregory Skinner Memorial 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, Thomas Gregory Skinner Memorial Trust generated $29.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $19.1k during the year ending 12/2022. While expenses have increased by 0.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIPSANDGRANTSPERTRUSTINSTRUMENTPERSCHEDULEO
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $17,953 |
Gain or Loss | -$111 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $1,250 |
Total Revenue | $29,092 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $2,936 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $31 |
Other expenses | $0 |
Total expenses | $19,102 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $353,733 |
Other assets | $0 |
Total assets | $353,733 |
Total liabilities | $0 |
Net assets or fund balances | $353,733 |