Agnes Smith Mcdowell Tr
- Assets
- $5.3m
- Revenue
- $351.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Cynthiana, KY
- Founding
- 03/2008
- Data as of
- 12/2021
- EIN
- 32-0186585
Organization Overview
Agnes Smith Mcdowell Tr, operating under the name 103 Court Street, is located in Cynthiana, KY. The organization was established in 2008. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. 103 Court Street 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 12/2021, 103 Court Street generated $351.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $228.3k during the year ending 12/2021. 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
FUNDS SHOULD BE UTILIZED FOR THE BENEFIT MAINTENANCE AND IMPROVEMENT OF VOAG CLASSES TAUGHT AT HARRISON CO HIGH SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
AGNES MCDOWELL FARM WAS SUBDIVIDED INTO 5 SEPARATE FARMS TO BE USED TO DEVELOP INNOVATIVE FARMING BY LOCAL YOUNG FARMERS SHARE CROPPING TO FARMERS FOR THE OPPORTUNITY TO LEARN ALTERNATIVE CROPS & FARMING TECHNIQUES AND TEST CROPS EFFICIENCY. PROCEEDS WILL BE SPLIT BETWEEN THE TRUST AND FARMERS WHILE THE TRUST WILL FURNISH SEEDS AND SUPPLIES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
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 | $132,732 |
| Investment income | $37,730 |
| Tax Exempt Bond Proceeds | $38,089 |
| Royalties | $0 |
| Net Rental Income | $15,053 |
| Net Gain/Loss on Asset Sales | $127,815 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $351,419 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| 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. | $30,679 |
| Compensation of current officers, directors, key employees. | $15,339 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,000 |
| Fees for services: Accounting | $3,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $624 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,660 |
| Insurance | $8,321 |
| All other expenses | $68,826 |
| Total functional expenses | $228,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,314 |
| Savings and temporary cash investments | $35,001 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,329,939 |
| Investments—publicly traded securities | $1,910,146 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,310,400 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $5,310,400 |
| Total liabilities and net assets/fund balances | $5,310,400 |
Grants Awarded
Over the last fiscal year, Agnes Smith Mcdowell Tr has awarded $57,463 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HARRISON COUNTY BOARD OF EDUCATION PURPOSE: STUDENTS OF THE VOCATIONAL AGRICULTURAL CLASSES WILL HAVE ACCESS OPPORTUNITIES TO PARTICIPATE IN THE ACTIVITIES ON A "WORKING" FARM INCLUDING TO STUDY CROP ROTATION, PRODUCTIVITY AND EFFICIENCY OF CROP YIELDS, FARMING METHODS, SOIL CONSERVATION AND LIVESTOCK CARE AMONG OTHER ACTIVITIES. | $50,000 |
HARRISON COUNTY BOARD OF EDUCATION PURPOSE: STUDENTS OF THE VOCATIONAL AGRICULTURAL CLASSES WILL HAVE ACCESS OPPORTUNITI | $7,463 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joyce Foundation Chicago, IL | $1,408,794,882 | $150,496,278 |
Dollywood Foundation Pigeon Forge, TN | $23,282,143 | $42,750,755 |
Progressive Insurance Foundation Cleveland, OH | $7,804,354 | $47,823,383 |
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Exelon Foundation Chicago, IL | $116,558,021 | $16,716,086 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Third Federal Foundation Cleveland, OH | $35,709,526 | $3,618,702 |
Ascension Providence Foundation St Louis, MO | $25,786,185 | $4,059,548 |
Kehe Cares Foundation Inc Naperville, IL | $5,804,063 | $7,449,461 |