Psalmonds Foundation Trust
- Assets
- $47.1k
- Revenue
- $43.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Shreveport, LA
- Founding
- 03/2006
- Data as of
- 12/2022
- EIN
- 56-2547230
Organization Overview
Psalmonds Foundation Trust is located in Shreveport, LA. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Psalmonds Foundation 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, Psalmonds Foundation Trust generated $43.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $36.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Psalmonds Foundation Trust has awarded 200 individual grants totaling $837,129. 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
THE FOUNDATION CONDUCTS NO CHARITABLE ACTIVITIES DURING THE YEAR. THE ONLY ACTIVITY IS DONATIONS TO CHARITABLE ORGANIZATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $43,000 |
| Interest on Savings | $37 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,037 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,144 |
| Contributions, gifts, grants paid | $34,350 |
| Total expenses and disbursements | $36,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,094 |
| 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 | $47,094 |
| 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, Psalmonds Foundation Trust has awarded $34,350 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
WINGATE BULLDOG ATHLETIC BOOSTER CL PURPOSE: BOOSTER CLUB | $5,000 |
COMMUNITY RENEWAL PURPOSE: SAFE REFUGE FORCHILDREN | $2,700 |
WEBSTER MEN OF COURAGE PURPOSE: EMPOWER MEN OF GODTO BECOME SPIRITUAL LEADERS | $8,400 |
SOUTHLAND CHRISTIAN MINISTRIES INC PURPOSE: SERVING LOCAL CHURCHESTHROUGH CAMPING MINISTRY | $1,500 |
LA TECH FOUNDATION PURPOSE: COLLEGE | $2,500 |
CHRIST FELLOWSHIP CHURCH PURPOSE: CHURCH | $10,000 |