Prince Hall Charitable Trust
- Assets
- $1.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Beaumont, TX
- Founding
- 11/1976
- Data as of
- 12/2021
- EIN
- 74-1604546
Organization Overview
Prince Hall Charitable Trust is located in Beaumont, TX. The organization was established in 1976. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prince Hall Charitable Trust is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Prince Hall Charitable Trust generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 4.3% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LOW INCOME RENT APARTMENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOW INCOME RENT APARTMENTS
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Fisk Trustee | Trustee | 0 | $0 |
Jesse Franklin Trustee | Trustee | 0 | $0 |
George J Boutte Jr Chairman | Trustee | 0 | $0 |
Hiblet Briggs Jr Trustee | Trustee | 0 | $0 |
Joseph L Ledet Trustee | Trustee | 0 | $0 |
Everett L Mouton Secretary | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,239,195 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $8 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,329,249 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $269,303 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,536 |
| Payroll taxes | $21,370 |
| Fees for services: Management | $95,183 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,607 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,464 |
| Office expenses | $65,677 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52 |
| Interest | $10,079 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,303 |
| Insurance | $177,480 |
| All other expenses | $0 |
| Total functional expenses | $1,243,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,990 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,684 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $147,854 |
| Net Land, buildings, and equipment | $731,107 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $165,908 |
| Total assets | $1,100,543 |
| Accounts payable and accrued expenses | $118,119 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,037,221 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,324 |
| Total liabilities | $1,174,664 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$74,121 |
| Total liabilities and net assets/fund balances | $1,100,543 |