Oak Tree Charitable Trust
- Assets
- $609.4k
- Revenue
- $232.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Gallatin, TN
- Founding
- 07/2017
- Data as of
- 12/2023
- EIN
- 81-4858429
Organization Overview
Oak Tree Charitable Trust is located in Gallatin, TN. The organization was established in 2017. 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. Oak Tree 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 12/2023, Oak Tree Charitable Trust generated $232.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.1% each year . All expenses for the organization totaled $40.3k during the year ending 12/2023. While expenses have increased by 19.3% 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.
Since 2018, Oak Tree Charitable Trust has awarded 66 individual grants totaling $111,750. 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 |
|---|---|---|---|
Michelle E Haynes Chairman | 0 | $0 | |
Sarah E Haynes Trustee | 0 | $0 | |
Kenneth C Haynes Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $6,122 |
| Dividends & Interest | $0 |
| Net Rental Income | $22,073 |
| 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 | $0 |
| Total Revenue | $232,672 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $230 |
| Depreciation | $3,455 |
| Occupancy | $952 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70 |
| Total operating and administrative expenses | $5,267 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $40,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,185 |
| Savings and temporary cash investments | $186,669 |
| 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 | $398,518 |
| Other assets | $0 |
| Total assets | $609,372 |
| Accounts payable and accrued expenses | $1,060 |
| 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 | $1,060 |
Grants Awarded
Over the last fiscal year, Oak Tree Charitable Trust has awarded $35,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BLEDSOE'S LICK HISTORICAL ASSOCIATI PURPOSE: PRESERVATION OF BLEDSOE'S FORK STATE | $500 |
CRAGFONT HISTORIC HOME PURPOSE: PROTECT AND PRESERVE HISTORIC TN | $500 |
ELECTRONIC FRONTIER FOUNDATION PURPOSE: DEFENDS DIGITAL PRIVACY AND FREE SPE | $1,000 |
HABITAT FOR HUMANITY PURPOSE: PROVIDE AFFORDABLE HOUSING | $500 |
HISTORIC ROSEMONT PURPOSE: PROMOTE SUMNER COUNTY TN TOURISM | $1,000 |
HOMESAFE - SUMNER COUNTY PURPOSE: SERVING VICTIMS OF DOMESTIC VIOLENCE | $500 |