William & Betty Mulliss Tua Fdn Tr
- Assets
- $29.7m
- Revenue
- $708.7k
- Investments
- $29.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2006
- Data as of
- 10/2023
- EIN
- 59-7247490
Organization Overview
William & Betty Mulliss Tua Fdn Tr is located in New York, NY. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. William & Betty Mulliss Tua Fdn 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 10/2023, William & Betty Mulliss Tua Fdn Tr generated $708.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (49.8%) each year. All expenses for the organization totaled $1.8m during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, William & Betty Mulliss Tua Fdn Tr has awarded 16 individual grants totaling $3,679,376. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brown Brothers Harriman Tr Co Na Trustee | 10 | $125,251 | |
Betty G Mullis Board Member | 10 | $0 | |
Lora W Connor Board Member | 10 | $0 | |
William A White Jr Board Member | 10 | $0 | |
G Don Davidson Board Member | 10 | $0 | |
Herbert H Browne Jr Board Member | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,004 |
| Interest on Savings | $0 |
| Dividends & Interest | $559,675 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $152,841 |
| Capital Gain Net Income | $152,841 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$4,791 |
| Total Revenue | $708,729 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $125,251 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,753 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $152 |
| Total operating and administrative expenses | $345,747 |
| Contributions, gifts, grants paid | $1,500,000 |
| Total expenses and disbursements | $1,845,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $707,595 |
| 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 | $19,999,205 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $29,725,762 |
| 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, William & Betty Mulliss Tua Fdn Tr has awarded $1,500,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MYERS PARK PRESBYTERIAN CHURCH PURPOSE: GENERAL PURPOSES | $500,000 |
UNION PRESBYTERIAN SEMINARY PURPOSE: GENERAL | $167,000 |
DAVIDSON COLLEGE PURPOSE: GENERAL PURPOSES | $625,000 |
UNITED WAY OF CENTRAL CAROLINAS PURPOSE: GENERAL | $167,000 |
ROOF ABOVE PURPOSE: GENERAL | $41,000 |