Julius E & Ruth J Talton Charitable Tr
- Assets
- $2.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Selma, AL
- Founding
- 04/1998
- Data as of
- 12/2023
- EIN
- 72-6173130
Organization Overview
Julius E & Ruth J Talton Charitable Tr is located in Selma, AL. 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. Julius E & Ruth J Talton 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julius E Talton Jr Trustee | 0.5 | $0 | |
Ruth J Talton Trustee | 0.5 | $0 | |
The Peoples Bank And Trust Co Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,683 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$202,516 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,302,167 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $9,686 |
| Taxes | $13 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,587 |
| Total operating and administrative expenses | $22,966 |
| Contributions, gifts, grants paid | $164,000 |
| Total expenses and disbursements | $186,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,872 |
| Savings and temporary cash investments | $17,016 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $1,500,000 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $40,000 |
| 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 | $747,150 |
| Total assets | $2,313,038 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $12,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $600 |
| Total liabilities | $12,600 |