James M Ready Charitable Trust
- Assets
- $2.8m
- Revenue
- $106.9k
- Investments
- $2.1m
- Employees
- 0
- Location
- Fort Walton Beach, FL
- Founding
- Data as of
- 09/2017
- EIN
- 56-6597694
Organization Overview
James M Ready Charitable Trust is located in Fort Walton Beach, FL.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2017
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTION TO SMALL CHURCHES FOR THEIR USE IN THE CONSTRUCTION OF FACILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry E Reeder Trustee | 15 | $24,000 | |
James T Murphy Trustee | 15 | $24,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $81 |
| Dividends & Interest | $7,721 |
| Net Rental Income | $11,573 |
| 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 | $57,067 |
| Total Revenue | $106,909 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $20,900 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,753 |
| Depreciation | $11,674 |
| Occupancy | $14,345 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $107,928 |
| Total operating and administrative expenses | $212,300 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $212,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $78,503 |
| 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 | $360,628 |
| Investments—mortgage loans | $1,130,253 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $279,252 |
| Other assets | $0 |
| Total assets | $2,800,054 |
| 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 | $402 |
| Total liabilities | $402 |
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