Mains Foundation Charitable Trust
- Assets
- $73.4k
- Revenue
- $12.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Augusta, KY
- Founding
- 07/1977
- Data as of
- 12/2023
- EIN
- 61-0916661
Organization Overview
Mains Foundation Charitable Trust is located in Augusta, KY. The organization was established in 1977. 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. Mains Foundation Charitable 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, Mains Foundation Charitable Trust generated $12.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $7.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas A Colvin Trustee | 1 | $0 | |
Gregory H Mains Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13 |
| Dividends & Interest | $0 |
| Net Rental Income | $12,000 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,013 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $282 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32 |
| Total operating and administrative expenses | $314 |
| Contributions, gifts, grants paid | $7,000 |
| Total expenses and disbursements | $7,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,784 |
| Savings and temporary cash investments | $32,148 |
| 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 | $11,500 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $73,432 |
| 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, Mains Foundation Charitable Trust has awarded $7,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MOREHEAD STATE UNIVERSITY PURPOSE: SCHOLARSHIP - MOREHEAD STATE UNIVERSITY | $3,000 |
MAYSVILLE COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP - MAYSVILLE COMMUNITY COLLEGE | $3,000 |
NORTHERN KENTUCKY UNIVERSITY PURPOSE: SCHOLARSHIP - NORTHERN KENTUCKY UNIVERSITY | $1,000 |