Allan C Mims And Margaret L Mims Charitable Tr
- Assets
- $1.1m
- Revenue
- $139.8k
- Investments
- $1.1m
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 02/2000
- Data as of
- 12/2021
- EIN
- 56-6207750
Organization Overview
Allan C Mims And Margaret L Mims Charitable Tr is located in Chapel Hill, NC. The organization was established in 2000. 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. Allan C Mims And Margaret L Mims Charitable Tr 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 12/2021, Allan C Mims And Margaret L Mims Charitable Tr generated $139.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $97.8k during the year ending 12/2021. 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 2016, Allan C Mims And Margaret L Mims Charitable Tr has awarded 33 individual grants totaling $356,737. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Franklin Street Trust Company Trustee | 1 | $16,634 | |
Thomas A Betts Director | 1 | $3,500 | |
Randall R Adams Director | 1 | $3,500 | |
William R Johnson Jr Director | 1 | $3,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,631 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $107,186 |
| Capital Gain Net Income | $107,186 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $139,817 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,134 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,449 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $35,793 |
| Contributions, gifts, grants paid | $62,037 |
| Total expenses and disbursements | $97,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,746 |
| 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 | $1,132,703 |
| 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, Allan C Mims And Margaret L Mims Charitable Tr has awarded $62,037 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Rocky Mount, NC PURPOSE: TO SUPPORT CHARITABLE PURPOSE OF ORGANIZATION. | $25,000 |
NC MUSEUM OF HISTORY PURPOSE: TO SUPPORT CHARITABLE PURPOSE OF ORGANIZATION. | $15,000 |
Rocky Mount, NC PURPOSE: TO SUPPORT CHARITABLE PURPOSE OF ORGANIZATION. | $7,000 |
Rocky Mount, NC PURPOSE: TO SUPPORT CHARITABLE PURPOSE OF ORGANIZATION. | $5,037 |
VIDANT HEALTH FOUNDATION PURPOSE: TO SUPPORT CHARITABLE PURPOSE OF ORGANIZATION. | $5,000 |
NC AQUARIUM SOCIETY PURPOSE: TO SUPPORT CHARITABLE PURPOSE OF ORGANIZATION. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |
Goodnight Educational Foundation Cary, NC | $149,468,750 | $4,782,379 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Reinhart Foundation Richmond, VA | $39,727,277 | $36,137,915 |
Charis Foundation Knoxville, TN | $16,682,566 | $7,998,986 |
Skeebo Foundation Charlotte, NC | $58,827,572 | $60,108,534 |
Darnall W Boyd Foundation Inc Columbia, SC | $0 | $6,239,520 |
Grizzard Family Foundation Inc Stone Mountain, GA | $7,597,688 | $166,630 |
Oak Hill Fund Charlottesville, VA | $99,384,131 | $7,166,197 |
Spring Foundation Inc Atlanta, GA | $104,160,284 | -$7,184,259 |
The Williams Brice Edwards Charitable Trust Sumter, SC | $57,951,375 | $6,028,487 |
The Scott Hudgens Family Foundation Inc Duluth, GA | $0 | $7,703,530 |