Carrie T & Thomas W Glover Iii Charitable Tr
- Assets
- $221.5k
- Revenue
- $22.0k
- Investments
- $207.3k
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 04/1998
- Data as of
- 12/2022
- EIN
- 72-6173127
Organization Overview
Carrie T & Thomas W Glover Iii Charitable Tr is located in Jackson, MS. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Carrie T & Thomas W Glover Iii Charitable Tr 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, Carrie T & Thomas W Glover Iii Charitable Tr generated $22.0k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $22.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (15.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Carrie T & Thomas W Glover Iii Charitable Tr has awarded 15 individual grants totaling $108,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 1 | $893 | |
Carrie T Glover Director | 1 | $0 | |
Thomas W Glover III Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,897 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,012 |
| Capital Gain Net Income | $17,012 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $133 |
| Total Revenue | $22,042 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $893 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,455 |
| Total operating and administrative expenses | $3,173 |
| Contributions, gifts, grants paid | $19,300 |
| Total expenses and disbursements | $22,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,247 |
| 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 | $207,298 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $221,545 |
| 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, Carrie T & Thomas W Glover Iii Charitable Tr has awarded $19,300 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS SCOUTS OF AMERICA PURPOSE: OPERATING FUNDS | $1,500 |
TEEN CHALLENGE PURPOSE: SUPPORT | $1,000 |
COLLEGE COUNTS PURPOSE: GENERAL SUPPORT | $1,000 |
CORNERSTONE PRESBYTERIAN CHURCH PURPOSE: OPERATING FUNDS | $15,800 |