Hugh Swinton Potts Irrevocable Trust
- Assets
- $1.2m
- Revenue
- $140.0k
- Investments
- $1.2m
- Employees
- 0
- Location
- Columbus, MS
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 64-6166670
Organization Overview
Hugh Swinton Potts Irrevocable Trust is located in Columbus, MS. 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, Hugh Swinton Potts Irrevocable Trust generated $140.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $93.0k during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 7 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 | $4 |
| Dividends & Interest | $24,329 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $115,690 |
| Capital Gain Net Income | $115,690 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $140,023 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $809 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,176 |
| Total operating and administrative expenses | $23,641 |
| Contributions, gifts, grants paid | $69,310 |
| Total expenses and disbursements | $92,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,392 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,251 |
| 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 | $1,154,426 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $1,210,070 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Willis And Reba Johnsons Foundation Franklin, TN | $17,058,167 | $2,077,347 |
Joseph C Bancroft Charitable & Educational Fund Mccomb, MS | $195,688,163 | $4,336,128 |
Mssa Ila Vacation Plan And Trust Mobile, AL | $2,494,985 | $3,007,833 |
Wilbur Marvin Foundation Baton Rouge, LA | $117,329,503 | -$1,003,490 |
Ratliff Charitable Foundation Birmingham, AL | $0 | $1,321,337 |
Charles Henderson Tr No 3 Uw Troy, AL | $18,182,356 | $1,886,936 |
John Dustin Buckman Charitable Trust Memphis, TN | $21,180,469 | $1,024,757 |
Hugo Dixon Foundation Memphis, TN | $20,406,138 | $1,401,485 |
Om Charitable Tr Of Usa Lebanon, TN | $987,131 | $2,115,299 |
Alabama Business Charitable Trust Fund Inc Birmingham, AL | $38,052,210 | $3,513,534 |
Woolworth Foundation Shreveport, LA | $17,675,910 | $1,134,153 |
Chilton Foundation Tr Nashville, TN | $10,073,075 | $1,051,840 |