Myrtie A Black Trust
- Assets
- $456.5k
- Revenue
- $17.9k
- Investments
- $443.3k
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 09/2000
- Data as of
- 12/2022
- EIN
- 58-6210412
Organization Overview
Myrtie A Black Trust is located in Birmingham, AL. The organization was established in 2000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Myrtie A Black 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, Myrtie A Black Trust generated $17.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $34.3k during the year ending 12/2022. While expenses have increased by 2.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Myrtie A Black Trust has awarded 65 individual grants totaling $107,218. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,862 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,993 |
| Capital Gain Net Income | $6,993 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,855 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,502 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,208 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,710 |
| Contributions, gifts, grants paid | $25,554 |
| Total expenses and disbursements | $34,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,244 |
| 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 | $443,288 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $456,532 |
| 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, Myrtie A Black Trust has awarded $25,554 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
THE LEUKEMIA & LYMPHOMA SOCIETY PURPOSE: GENERAL OPERATING | $1,278 |
GENERAL BOARD OF GLOBAL MIN ATTN MR PURPOSE: GENERAL OPERATING | $2,555 |
NATIONAL HEART LUNG & BLOOD INST ATTN PURPOSE: GENERAL OPERATING | $1,278 |
AMERICAN NATIONAL RED CROSS PURPOSE: GENERAL OPERATING | $1,278 |
MASONIC GRAND LODGE OF GA ATTN CYNTHIA PURPOSE: GENERAL SUPPORT | $1,278 |
THE NORTH GA CONFERENCE UMC ATTN PURPOSE: GENERAL OPERATING | $1,278 |