Ibma Trust
- Assets
- $371.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 05/1994
- Data as of
- 12/2023
- 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 12/2023, Ibma Trust generated $24.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $6.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (22.5%) per year over the past 8 years. 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
2023
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 |
|---|---|---|---|
Doyle Lawson Chairman | 2 | $0 | |
Wayne Rice Secretary | 2 | $0 | |
David Crow Treasurer | 2 | $0 | |
Joe Mullins Director | 2 | $0 | |
Ken White Executive Director | 2 | $0 | |
Donna Ulisse Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,748 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $7,414 |
| Gain or Loss | $1,385 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $24,547 |
| 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 | $731 |
| Total expenses | $6,581 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $371,704 |
| Other assets | $0 |
| Total assets | $371,704 |
| Total liabilities | $0 |
| Net assets or fund balances | $371,704 |