Bolton College Trust
- Assets
- $3.8m
- Revenue
- $504.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 05/1982
- Data as of
- 12/2022
- EIN
- 62-1064752
Organization Overview
Bolton College Trust is located in Memphis, TN. The organization was established in 1982. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bolton College Trust is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Bolton College Trust generated $504.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $129.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Bolton College Trust has awarded 29 individual grants totaling $454,500. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES SUPPORT FOR BOLTON HIGH SCHOOL AND PROVIDES FOUR-YEAR COLLEGE SCHOLARSHIPS TO SENIORS
Describe the Organization's Program Activity:
Part 3 - Line 4a
1 AUSTIN PEAY 1,500.002 MURRAY STATE UNIVERSITY 1,500.003 RHODES COLLEGE 1,5000.004 TENNESSEE STATE U 1,500.005 UNIVERSITY OF MEMPHIS 10,500.00 TOTAL 16,500
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mollie Hampton Trustee | Trustee | 0 | $0 |
Dr Snowden C Carruthers Trustee | Trustee | 0 | $0 |
Dr Fred D Johnson Trustee | Trustee | 0 | $0 |
Simon Wadsworth Trustee | Trustee | 0 | $0 |
Willie F Brooks Jr Trustee | Trustee | 0 | $0 |
James B Mitchell Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $115,492 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $94,676 |
| Net Gain/Loss on Asset Sales | $288,099 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $504,267 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $39,276 |
| Compensation of current officers, directors, key employees. | $39,276 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,089 |
| Fees for services: Accounting | $1,065 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $600 |
| All other expenses | $15 |
| Total functional expenses | $129,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $225,348 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,000 |
| Investments—publicly traded securities | $3,564,423 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,790,771 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $3,789,771 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,000 |
| Total liabilities and net assets/fund balances | $3,790,771 |
Grants Awarded
Over the last fiscal year, Bolton College Trust has awarded $48,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE UNIVERSITY OF MEMPHIS PURPOSE: SCHOLARSHIPS | $36,000 |
AUSTIN PEAY UNIVERSITY PURPOSE: SCHOLARSHIPS | $6,000 |
TENNESSEE STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $6,000 |