Elva Milner Trust Nect
- Assets
- $586.9k
- Revenue
- $39.6k
- Investments
- $577.7k
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 12/1970
- Data as of
- 12/2023
- EIN
- 35-6013632
Organization Overview
Elva Milner Trust Nect is located in Birmingham, AL. The organization was established in 1970. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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.
For the year ending 12/2023, Elva Milner Trust Nect generated $39.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $53.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Elva Milner Trust Nect has awarded 99 individual grants totaling $317,923. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,195 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,789 |
| Capital Gain Net Income | $20,789 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $592 |
| Total Revenue | $39,576 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,863 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $583 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $93 |
| Total operating and administrative expenses | $15,499 |
| Contributions, gifts, grants paid | $37,998 |
| Total expenses and disbursements | $53,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,136 |
| 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 | $577,740 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $586,876 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Elva Milner Trust Nect has awarded $37,998 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CAMP CULLOM PURPOSE: GENERAL OPERATING | $1,701 |
FRANKFORT COMMUNITY LIBRARY PURPOSE: GENERAL OPERATING | $1,701 |
WILDCAT WILDLIFE CENTER PURPOSE: GENERAL FUND | $2,835 |
FRANKFORT LIONS PURPOSE: GENERAL OPERATING | $4,537 |
QUINTONS HOUSE INC PURPOSE: GENERAL OPERATING | $1,701 |
THE ARC OF CLINTON COUNTY INC PURPOSE: GENERAL FUNDS | $2,269 |