Ibma Trust
- Assets
- $370.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 05/1994
- Data as of
- 12/2021
- EIN
- 61-1160557
Organization Overview
Ibma Trust is located in Nashville, TN. The organization was established in 1994. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations 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. Ibma 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, Ibma Trust generated $20.7k 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 (16.4%) each year. All expenses for the organization totaled $25.5k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
SEVERAL GRANT APPLICATIONS WERE CONSIDERED,WITH SOME ACCEPTED AND DISBURSED TO PROVIDE FINANCIAL ASSISTANCE IN A TIME OF EMERGENCY NEED FOR THE RECIPIENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Rice Secretary | 5 | $0 | |
Doyle Lawson Chairman | 5 | $0 | |
David Crow Treasurer | 5 | $0 | |
JD Crowe Director | 5 | $0 | |
Donna Ulisse Director | 5 | $0 | |
Pat Morris Executive Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,380 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,109 |
| Gain or Loss | $1,170 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $20,659 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $719 |
| Total expenses | $25,469 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $368,587 |
| Other assets | $0 |
| Total assets | $370,087 |
| Total liabilities | $0 |
| Net assets or fund balances | $370,087 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ibma Trust has recieved totaling $6,550.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $6,550 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Durham Realty Inc Durham, NC | $66,578,409 | $21,835,955 |
Healthcare Georgia Foundation Inc Atlanta, GA | $145,422,542 | $18,331,596 |
Kanuga Endowment Inc Hendersonville, NC | $0 | $539,404 |
United Jewish Charities Of Greater Charlotte Inc Charlotte, NC | $8,151,447 | $4,750,352 |
Rally Foundation Inc Atlanta, GA | $9,445,133 | $7,328,050 |
Jefferson City Parks And Recreation Foundation Jefferson City, MO | $842,423 | $291,038 |
University Of Arkansas Technology Development Foundation Fayetteville, AR | $18,380,736 | $2,093,754 |
Dismas Charities Properties Inc Louisville, KY | $71,077,691 | $7,449,643 |
Adira Foundation Richmond, VA | $46,085 | $190,912 |
American Institute Of Certified Public Accountants Foundation Durham, NC | $13,346,405 | $1,363,179 |
Holle Family Foundation Birmingham, AL | $55,700,431 | $5,149,826 |
The Beirne Carter Foundation Richmond, VA | $25,189,504 | $3,003,577 |