Arnold Culberson Charitable Trust
- Assets
- $771.7k
- Revenue
- $32.4k
- Investments
- $770.1k
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 46-7238154
Organization Overview
Arnold Culberson Charitable Trust is located in Mobile, AL. The organization was established in 2016. 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. Arnold Culberson 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 12/2022, Arnold Culberson Charitable Trust generated $32.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $62.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Arnold Culberson Charitable Trust has awarded 63 individual grants totaling $304,722. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SUPPORT TO NINE CHARITIES NAMED IN ARTICLE V, PARAGRAPH D OF THE TRUST DOCUMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John J Crowley Jr Co-Trustee | 0 | $4,326 | |
Col Harvey R Norton Co-Trustee | 0 | $4,326 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $21,380 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,019 |
| Capital Gain Net Income | $13,676 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,400 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,652 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $137 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,512 |
| Contributions, gifts, grants paid | $43,263 |
| Total expenses and disbursements | $62,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,591 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $771,708 |
| 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, Arnold Culberson Charitable Trust has awarded $43,263 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB PURPOSE: CHARITABLE | $4,807 |
ALABAMA BAPTIST CHILDREN'S HOME PURPOSE: CHARITABLE | $4,807 |
LIGHTHOUSE BAPTIST CHURCH PURPOSE: CHARITABLE | $4,807 |
MULHERIN CUSTODIAL HOME PURPOSE: CHARITABLE | $4,807 |
RONALD MCDONALD HOUSE PURPOSE: CHARITABLE | $4,807 |
SALEM BAPTIST CHURCH PURPOSE: CHARITABLE | $4,807 |