Nel S Morrison Charitable Trust 1
- Assets
- $422.7k
- Revenue
- $56.7k
- Investments
- $422.0k
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 00/0000
- Data as of
- 11/2023
- EIN
- 61-6150157
Organization Overview
Nel S Morrison Charitable Trust 1 is located in Louisville, KY. The organization was established in 0000. 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. Nel S Morrison Charitable Trust 1 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 11/2023, Nel S Morrison Charitable Trust 1 generated $56.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $60.2k during the year ending 11/2023. While expenses have increased by 5.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Nel S Morrison Charitable Trust 1 has awarded 61 individual grants totaling $191,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
First Bankers Trust Company Trustee | 15 | $7,444 | |
Betsy Smith Special Trustee | 0 | $0 | |
Madison Smith Special Trustee | 0 | $0 | |
Gracie Smith Special Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $137 |
| Dividends & Interest | $23,385 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,786 |
| Capital Gain Net Income | $30,786 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,363 |
| Total Revenue | $56,671 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,444 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,203 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $601 |
| Total operating and administrative expenses | $19,748 |
| Contributions, gifts, grants paid | $40,500 |
| Total expenses and disbursements | $60,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $696 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $422,702 |
| 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, Nel S Morrison Charitable Trust 1 has awarded $40,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ST JOHN CENTER PURPOSE: GENERAL FUND | $4,000 |
SISTER VISITOR CENTER PURPOSE: GENERAL FUND | $3,000 |
LINDSEY WILSON COLLEGE PURPOSE: GENERAL EDUCATION | $3,000 |
CASA OF THE RIVER REGION PURPOSE: GENERAL FUND | $5,000 |
FRIENDS OF ESQUIPULAS INC PURPOSE: GENERAL FUND | $4,000 |
JACOBS LADDER OUTREACH CORP PURPOSE: GENERAL FUND | $2,000 |