J Kenneth Timmons Irrevocable Trust
- Assets
- $1.1m
- Revenue
- $133.3k
- Investments
- $913.9k
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 12/1900
- Data as of
- 11/2023
- EIN
- 54-6193875
Organization Overview
J Kenneth Timmons Irrevocable Trust is located in Richmond, VA. The organization was established in 1900. 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 11/2023, J Kenneth Timmons Irrevocable Trust generated $133.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 65.6% each year . All expenses for the organization totaled $57.9k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, J Kenneth Timmons Irrevocable Trust has awarded 135 individual grants totaling $323,468. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J K Timmons Jr Trustee | 0 | $0 | |
Jeffrey C Timmons Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $71,023 |
| Interest on Savings | $0 |
| Dividends & Interest | $56,088 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,201 |
| Capital Gain Net Income | $6,201 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $133,312 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $746 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $109 |
| Total operating and administrative expenses | $3,940 |
| Contributions, gifts, grants paid | $54,000 |
| Total expenses and disbursements | $57,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,525 |
| Savings and temporary cash investments | $211,960 |
| 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 | $130,290 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,132,365 |
| 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, J Kenneth Timmons Irrevocable Trust has awarded $54,000 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
ANNA JULIA COOPER SCHOOL PURPOSE: EDUCATION | $1,000 |
AMERICAN HEART ASSOCIATION PURPOSE: HEALTH | $1,000 |
BOYS & GIRLS CLUB OF RICHMOND PURPOSE: GENERAL | $1,000 |
BONEFISH AND TARPON TRUST PURPOSE: ENVIRONMNET | $500 |
BRIDGING RVA PURPOSE: GENERAL | $2,000 |
CRISTO REY PURPOSE: EDUCATION | $1,500 |