Allan C Mims And Margaret L Mims Charitable Tr
- Assets
- $1.0m
- Revenue
- $1.2k
- Investments
- $1.0m
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 02/2000
- Data as of
- 12/2022
- EIN
- 56-6207750
Organization Overview
Allan C Mims And Margaret L Mims Charitable Tr is located in Chapel Hill, NC. The organization was established in 2000. 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. Allan C Mims And Margaret L Mims Charitable Tr 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, Allan C Mims And Margaret L Mims Charitable Tr generated $1.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (36.3%) each year. All expenses for the organization totaled $109.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Allan C Mims And Margaret L Mims Charitable Tr has awarded 32 individual grants totaling $366,945. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Franklin Street Trust Company Trustee | 1 | $15,034 | |
Thomas A Betts Director | 1 | $3,500 | |
William R Johnson Jr Director | 1 | $3,500 | |
Randall R Adams Director | 1 | $3,500 | |
William R Johnson III Director | 1 | $3,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,073 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$20,830 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,243 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $29,034 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,240 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $85 |
| Total operating and administrative expenses | $34,629 |
| Contributions, gifts, grants paid | $75,208 |
| Total expenses and disbursements | $109,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,706 |
| 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 | $1,025,187 |
| 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, Allan C Mims And Margaret L Mims Charitable Tr has awarded $75,208 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CAROLINA GATEWAY PARTNERSHIP PURPOSE: TO SUPPORT CHARITABLE PURPOSE OF ORGANIZATION. | $15,000 |
NC WESLEYAN COLLEGE PURPOSE: TO SUPPORT THE STADIUM FUND. | $25,000 |
VIDANT HEALTH FOUNDATION PURPOSE: TO SUPPORT CHARITABLE PURPOSE OF ORGANIZATION. | $5,000 |
THE MIMS GALLERY CO THE DUNN CENTER PURPOSE: TO SUPPORT CHARITABLE PURPOSE OF ORGANIZATION. | $30,208 |