Kennedy-Douglass Trust
- Assets
- $332.3k
- Revenue
- $23.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Florence, AL
- Founding
- 02/1980
- Data as of
- 12/2022
- EIN
- 63-6109588
Organization Overview
Kennedy-Douglass Trust is located in Florence, AL. The organization was established in 1980. 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. Kennedy-Douglass 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 12/2022, Kennedy-Douglass Trust generated $23.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $20.5k during the year ending 12/2022. 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 |
|---|---|---|---|
Rebecca Mauldin Chairperson | 0 | $0 | |
Keith Fraser Board Member | 0 | $0 | |
John Douglass Board Member | 0 | $0 | |
Nancy O'neal Board Member | 0 | $0 | |
Sarah Ware Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,034 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,292 |
| Capital Gain Net Income | $5,292 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,326 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $373 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,023 |
| Contributions, gifts, grants paid | $18,493 |
| Total expenses and disbursements | $20,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,081 |
| Savings and temporary cash investments | $0 |
| 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 | $331,263 |
| Total assets | $332,344 |
| 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, Kennedy-Douglass Trust has awarded $18,493 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ALABAMA PUBLIC RADIO PURPOSE: BENEVOLENT DONATION | $2,000 |
KEBLE COLLEGE OXFORD UK CO KENNEDY DOUGLASS TRUST PURPOSE: BENEVOLENT DONATION | $2,715 |
KENNEDY DOUGLASS CENTER FOR THE ARTS PURPOSE: BENEVOLENT DONATION | $11,778 |
THE CARING PLACE PURPOSE: BENEVOLENT DONATION | $2,000 |