The Jared Prescott Charitable Trust
- Assets
- $269.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Centerville, UT
- Founding
- 10/1993
- Data as of
- 12/2023
- EIN
- 87-6223323
Organization Overview
The Jared Prescott Charitable Trust is located in Centerville, UT. The organization was established in 1993. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jared Prescott 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, Jared Prescott Charitable Trust generated $125.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $73.3k during the year ending 12/2023. While expenses have increased by 0.1% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
HUMANITARIAN AID AND MISSIONARY WORK: WE ARE CURRENTLY BUILDING SCHOOLS, DRILLING CLEAN WATER WELLS AND FURNISHING SANITARY FACILITIES IN MYANMAR. THROUGH THE END OF 2016, THE TRUST HAS BUILT 16 SCHOOLS, DRILLED 61 WELLS AND BUILT OVER 1,000 SANITARY FACILITIES(OUTHOUSES)IN OUTLYING AREAS OF MYANMAR. TO THE EXTENT POSSIBLE, VILLAGERS ARE INVOLVED IN THE BUILDING OR DRILLING PROCESS SO THAT THEY HAVE OWNERSHIP IN THE PROJECTS AND THEY WILL BE ABLE TO MAINTAIN THEM. AT PRESENT THE COMMUNITY DEVELOPEMENT ASSOCIATION OF MYANMAR PROVIDES ENGINEERS FOR OUR PROJECTS. WE PAY THE EXPENSES OF THE ENGINEERS. ALL BUILDINGS ARE CONSTRUCTED TO GOVERNMENT STANDARDS. AT THE COMPLETION OF EACH PROJECT A REPRESENTATIVE OF THE TRUST TRAVELS TO MYANMAR TO PERSONALLY INSPECT THE PROJECT. ONCE THE SCHOOLS ARE COMPLETED THE SCHOOLS ARE STAFFED BY COLLEGE TRAINED TEACHERS PROVIDED BY THE GOVERNMENT, OR IF THE SCHOOL IS BUILT FOR A MONASTERY THEN THE COLLEGE TRAINED TEACHERS ARE PROVIDED BY THE MONASTERY. ALL SCHOOLS ARE STILL FULLY OPERATIONAL. WE ESTIMATE THAT AT THE END OF 2016 OUR EFFORTS IN MYANMAR HAVE EASILY BENEFITTED 20,000 PEOPLE IN THAT COUNTRY. OUR MOTTO IS "HELPING OTHERS HELP THEMSELVES".
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Prescott Trustee | 15 | $0 | |
Trudy Prescott Trustee | 5 | $0 | |
Clarence Jones Board Of Advisors | 15 | $0 | |
Jayne Jones Board Of Advisors | 5 | $0 | |
Brent Hale Board Of Advisors | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,821 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $12,073 |
| Total Revenue | $125,894 |
| 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 | $0 |
| Other expenses | $275 |
| Total expenses | $73,275 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $268,968 |
| Other assets | $0 |
| Total assets | $268,968 |
| Total liabilities | $0 |
| Net assets or fund balances | $268,968 |