Noble B Magness Charitable Trust
- Assets
- $377.8k
- Revenue
- $6.7k
- Investments
- $370.1k
- Employees
- 0
- Location
- Poteau, OK
- Founding
- 05/1988
- Data as of
- 12/2021
- EIN
- 73-1303695
Organization Overview
Noble B Magness Charitable Trust is located in Poteau, OK. The organization was established in 1988. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Noble B Magness 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 12/2021, Noble B Magness Charitable Trust generated $6.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 25.3% each year . All expenses for the organization totaled $6.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST CONTRIBUTED BOY SCOUT CAMP TUITION TO COVER ATTENDEES FROM LEFLORE COUNTY AS ESTABLISHED AS THE PURPOSE OF THE TRUST.
THE TRUST CONTRIBUTED TO THE WESTARK AREA COUNCIL
THE TRUST CONTRIBUTED GIRL SCOUT CAMP TUITION TO COVER ATTENDEES FROM LEFLORE COUNTY AS ESTABLISHED AS THE PURPOSE OF THE TRUST.
THE TRUST CONTRIBUTED TO INDIAN NATIONS BOY SCOUT COUNCIL TO COVER ATTENDEES FROM LEFLORE COUNTY AS ESTABLISHED AS THE PURPOSE OF THE TRUST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Bovos Trustee | 0 | $0 | |
Michael D Lee Trustee | 0 | $0 | |
Earl Jobe Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,657 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,016 |
| Total Revenue | $6,673 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $90 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,903 |
| Total operating and administrative expenses | $3,413 |
| Contributions, gifts, grants paid | $2,825 |
| Total expenses and disbursements | $6,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,708 |
| 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 | $370,128 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $377,836 |
| 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, Noble B Magness Charitable Trust has awarded $2,825 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WESTARK AREA COUNCIL BSA PURPOSE: BOY SCOUTS OFAMERICA CAMP | $1,600 |
INDIAN NATIONS COUNCIL PURPOSE: INDIAN NATIONSBOY SCOUTS OF AMERICA | $1,225 |
GIRL SCOUTS OF AMERICA PURPOSE: GIRL SCOUTS OFAMERICA | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jane P And Wiley L Mossy Jr Foundation Houston, TX | $339,084 | $6,855,893 |
Gene And Jerry Jones Family-Dallas Cowboys Charities Frisco, TX | $3,095,461 | $7,273,707 |
The Hagan Scholarship Foundation Columbia, MO | $259,194,852 | $64,132,818 |
Py Foundation Artesia, NM | $56,655,367 | $3,921,217 |
The Cielo Foundation Boulder, CO | $91,518,762 | $7,665,188 |
Merle Chambers Fund Denver, CO | $66,462,880 | $7,349,081 |
Gods Light In The Darkness Foundation Carlbad, NM | $31,530,012 | $790,978 |
Mary E Bivins Trust Amarillo, TX | $23,577,867 | $7,091,283 |
Norman H Read 1985 Trust Amarillo, TX | $61,022,769 | $8,703,971 |
East Texas Medical Center Regional Healthcare System Tyler, TX | $164,248,819 | $57,646,365 |
Eugene V And Clare Thaw Charitable Trust Santa Fe, NM | $97,006,761 | $1,880,279 |
Maffei Foundation Denver, CO | $13,828,182 | $18,020,171 |