Michael Priest Charitable Tr
- Assets
- $76.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- South Boston, VA
- Founding
- Data as of
- 12/2022
- EIN
- 86-6440156
Organization Overview
Michael Priest Charitable Tr is located in South Boston, VA. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael Priest 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.
For the year ending 12/2022, Michael Priest Charitable Tr generated $32.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (20.1%) each year. All expenses for the organization totaled $12.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THIS WAS OUR SECOND YEAR ACCEPTING DONATIONS IN HONOR OF DR. MICHAEL PRIEST WHO WAS KILLED IN NOVEMBER 2020. WE DONATED $4,500 AGGREGATE THIS YEAR TO THE NATIONAL MS SOCIETY, ST. JUDE'S CHILDREN'S HOSPITAL, DIXIE YOUTH BASEBALL AND YOUNG LIFE. OUR FIRST ANNUAL $3,000 SCHOLARSHIP WAS BE GIVEN IN MAY 2022, ALONG WITH TWO ADDITIONAL $1000 SCHOLARSHIPS. 2023 SCHOLARSHIP APPLICATIONS ARE NOW BEING ACCEPTED WITH A WINNER ANNOUNCED MAY 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Regan Priest Trustee | 1 | $0 | |
James Harold Priest Trustee | 1 | $0 | |
James Berkley Priest Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $32,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,200 |
| Other expenses | $500 |
| Total expenses | $12,700 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $76,093 |
| Other assets | $0 |
| Total assets | $76,093 |
| Total liabilities | $0 |
| Net assets or fund balances | $76,093 |
Peer Organizations
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|---|---|---|
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
National Association Of Student Financial Aid Administrators Washington, DC | $22,189,727 | $10,008,615 |
Cobell Board Of Trustees Washington, DC | $177,171,131 | $17,842,265 |
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Laura Holland Uzzell Foundation Morrisville, NC | $14,769,987 | $6,660,101 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |
Chi Omega Foundation Memphis, TN | $45,483,838 | $7,373,045 |
Maryland Philanthropy Network Inc Baltimore, MD | $5,808,264 | $5,920,100 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |
Student Freedom Initiative Inc Washington, DC | $132,770,538 | $15,285,825 |
Meor Inc Silver Spring, MD | $283,304 | $5,067,456 |