Hart Charitable Trust
- Assets
- $117.5k
- Revenue
- $38.0k
- Investments
- $100.3k
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 01/1995
- Data as of
- 06/2022
- EIN
- 62-6286248
Organization Overview
Hart Charitable Trust is located in Chattanooga, TN. The organization was established in 1995. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, 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. Hart Charitable 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 06/2022, Hart Charitable Trust generated $38.0k in total revenue. All expenses for the organization totaled $7.3k during the year ending 06/2022. While expenses have increased by 10.8% 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah J Love Vice President | 0 | $0 | |
Carolyn R Hart Chairman | 0 | $0 | |
Charles T Hart Secretary & Treasurer | 0 | $0 | |
Sarah A Hart Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,000 |
| Interest on Savings | $3 |
| Dividends & Interest | $3,796 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,244 |
| Capital Gain Net Income | $13,244 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,043 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $202 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,771 |
| Contributions, gifts, grants paid | $4,500 |
| Total expenses and disbursements | $7,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101 |
| Savings and temporary cash investments | $17,091 |
| 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 | $79,155 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $117,513 |
| 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 | $3,500 |
| Total liabilities | $3,500 |
Grants Awarded
Over the last fiscal year, Hart Charitable Trust has awarded $4,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TRANSYLVANIA PRESBYTERY - FLOOD RELIEF FUND PURPOSE: PROVIDE DISASTER RELIEF FOR KY FLOOD VICTIMS | $3,500 |
PRESBYTERIAN CHURCH USA PURPOSE: PROVIDE DISASTER RELIEF FOR TORNADO VICTIMSPROVIDE DISASTER RELIEF FOR TORNADO VICTIMS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |
Taubman Foundation For The Arts Roanoke, VA | $20,057,493 | $918,229 |
Swim Across America Inc Charlotte, NC | $6,654,266 | $9,920,780 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Schoolseed Foundation Memphis, TN | $5,107,519 | $7,793,603 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Coxhealth Foundation Springfield, MO | $33,244,463 | $11,374,415 |
Bass Pro Shops & Cabelas Outdoor Fund Springfield, MO | $14,575,213 | $9,618,697 |
Skillsource Group Inc Vienna, VA | $1,796,857 | $6,906,902 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |
Shepherd Center Foundation Inc Atlanta, GA | $141,754,007 | $86,686 |
Camino Community Development Corporation Inc Charlotte, NC | $3,342,143 | $5,457,630 |