Tabitha M Devisconti Residential Trust
- Assets
- $1.9m
- Revenue
- $55.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Farmville, NC
- Founding
- 01/1985
- Data as of
- 12/2021
- EIN
- 58-1589144
Organization Overview
Tabitha M Devisconti Residential Trust is located in Farmville, NC. The organization was established in 1985. 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. Tabitha M Devisconti Residential 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 12/2021, Tabitha M Devisconti Residential Trust generated $55.1k 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 (9.0%) each year. All expenses for the organization totaled $24.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Tabitha M Devisconti Residential Trust has awarded 39 individual grants totaling $540,972. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FUNDING CHARITABLE ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING PROVIDED TO 21 CHARITABLE ORGANIZATIONS SERVING THE AREA. A LISTING IS ATTACHED. SEE SCHEDULE A, PART 1, LINE 12G.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $17,683 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,265 |
| Net Gain/Loss on Asset Sales | $21,133 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,081 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,699 |
| Compensation of current officers, directors, key employees. | $7,699 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,437 |
| Fees for services: Other | $0 |
| Advertising and promotion | $300 |
| Office expenses | $291 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $24,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,101 |
| Savings and temporary cash investments | $15,981 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,503,934 |
| Investments—publicly traded securities | $312,600 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,902,616 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,500 |
| Total liabilities | $3,500 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $166,630 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,732,486 |
| Total liabilities and net assets/fund balances | $1,902,616 |
Grants Awarded
Over the last fiscal year, Tabitha M Devisconti Residential Trust has awarded $540,972 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
FARMVILLE PUBLIC LIBRARY PURPOSE: SUPPORT | $50,000 |
FARMVILLE PUBLIC LIBRARY PURPOSE: SUPPORT | $50,000 |
FARMVILLE PUBLIC LIBRARY PURPOSE: SUPPORT | $50,000 |
Farmville, NC PURPOSE: SUPPORT | $20,000 |
Farmville, NC PURPOSE: SUPPORT | $20,000 |
HB SUGG CHARITABLE ORGANIZATION | | | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tabitha M Devisconti Residential Trust has recieved totaling $14,000.
| Awarding Organization | Amount |
|---|---|
Robert T And Suellen G Monk Family Foundation Inc Raleigh, NC PURPOSE: GENERAL PURPOSE SUPPORT | $14,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Willis And Reba Johnsons Foundation Franklin, TN | $17,058,167 | $2,077,347 |
James W And Frances Gibson Mcglothlin Foundation Bristol, VA | $55,479,136 | $5,807,937 |
John Rex Endowment Raleigh, NC | $72,005,406 | $10,264,844 |
Blake Family Foundation Inc Atlanta, GA | $54,641,915 | $13,537,530 |
St Marys United Methodist Church Foundation Inc Saint Marys, GA | $38,808,441 | $1,300,375 |
Nagrodsky Family Foundation Charleston, SC | $7,938,380 | $247,514 |
R Harold And Patsy Harrison Foundation Inc Brookhaven, GA | $31,730,871 | $2,128,634 |
National Association Of Chapter 13 Trustees Columbia, SC | $849,459 | $1,212,204 |
John Dustin Buckman Charitable Trust Memphis, TN | $21,180,469 | $1,024,757 |
W O And Ann Powers Foundation Inc Florence, SC | $6,582,081 | $44,065 |
Hugo Dixon Foundation Memphis, TN | $20,406,138 | $1,401,485 |
Om Charitable Tr Of Usa Lebanon, TN | $987,131 | $2,115,299 |