Mary E Bivins Trust
- Assets
- $22.5m
- Revenue
- $5.9m
- Investments
- $17.5m
- Employees
- 0
- Location
- Amarillo, TX
- Founding
- 12/1952
- Data as of
- 09/2023
- EIN
- 75-6013328
Organization Overview
Mary E Bivins Trust is located in Amarillo, TX. The organization was established in 1952. 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. Mary E Bivins 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 09/2023, Mary E Bivins Trust generated $5.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $5.7m during the year ending 09/2023. While expenses have increased by 1.6% 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joeseph Batson Jr Trustee | 0 | $0 | |
Tj Reeves Trustee | 0 | $0 | |
Richard Ware Trustee | 0 | $0 | |
Andrew Bivins Trustee | 0 | $0 | |
William Ware President Tr | 0 | $0 | |
Patrick Ware Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $187,957 |
| Dividends & Interest | $640,011 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $991,293 |
| Capital Gain Net Income | $991,293 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,098,542 |
| Total Revenue | $5,917,803 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $107,439 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $486,448 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,404 |
| Total operating and administrative expenses | $639,585 |
| Contributions, gifts, grants paid | $5,109,698 |
| Total expenses and disbursements | $5,749,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,087,797 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $86 |
| Total assets | $22,549,109 |
| Accounts payable and accrued expenses | $5,109,698 |
| 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 | $5,109,698 |