Holmes I Goode Residuary Trust
- Assets
- $510.4k
- Revenue
- $52.2k
- Investments
- $501.7k
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 62-6139277
Organization Overview
Holmes I Goode Residuary Trust is located in Birmingham, AL. 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.
For the year ending 12/2021, Holmes I Goode Residuary Trust generated $52.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $41.4k during the year ending 12/2021. While expenses have increased by 0.5% per year over the past 4 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,801 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,390 |
| Capital Gain Net Income | $39,390 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,191 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,109 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $579 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,188 |
| Contributions, gifts, grants paid | $29,236 |
| Total expenses and disbursements | $41,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,723 |
| 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 | $501,667 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $510,390 |
| 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, Holmes I Goode Residuary Trust has awarded $29,236 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS HOME INC PURPOSE: GENERAL OPERATING | $7,309 |
EMMANUEL EPISCOPAL CHURCH PURPOSE: GENERAL OPERATING | $7,309 |
JANIE HAMMITT MEMORIAL INC ATTN DAVE PURPOSE: GENERAL OPERATING | $7,309 |
VIRGINIA THEOLOGICAL SEMINARY PURPOSE: GENERAL OPERATING | $7,309 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walter R Ferguson Charitable Foundation Charitable Foundation Fort Lauderdale, FL | $0 | $613,063 |
Willis And Reba Johnsons Foundation Franklin, TN | $17,058,167 | $2,077,347 |
Telford Foundation Inc Naples, FL | $77,208,801 | $5,161,589 |
Joseph C Bancroft Charitable & Educational Fund Mccomb, MS | $195,688,163 | $4,336,128 |
Wanda And James M Moran Jr Foundation Inc Deerfield Beach, FL | $6,609,461 | $5,004,559 |
Yarim Foundation Boca Raton, FL | $1,467,226 | $2,520,229 |
Arnold & Winnie Palmer Foundation Inc Orlando, FL | $20,742,397 | $2,603,528 |
Mssa Ila Vacation Plan And Trust Mobile, AL | $2,494,985 | $3,007,833 |
W I H Pitts Charitable Tr Ua 110187 Orlando, FL | $39,439,716 | $4,048,727 |
Blake Family Foundation Inc Atlanta, GA | $54,641,915 | $13,537,530 |
St Marys United Methodist Church Foundation Inc Saint Marys, GA | $38,808,441 | $1,300,375 |
Fleming Family Foundation Jacksonville, FL | $35,811,592 | $3,215,572 |