Sallie Taylor Faris And A Burton Faris Jr Memorial Trust Fund
- Assets
- $1.1m
- Revenue
- $23.2k
- Investments
- $530.7k
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 07/1994
- Data as of
- 12/2022
- EIN
- 61-6025045
Organization Overview
Sallie Taylor Faris And A Burton Faris Jr Memorial Trust Fund is located in Lexington, KY. The organization was established in 1994. 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. Sallie Taylor Faris And A Burton Faris Jr Memorial Trust Fund 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, Sallie Taylor Faris And A Burton Faris Jr Memorial Trust Fund generated $23.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $41.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,019 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,399 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,587 |
| Total Revenue | $23,207 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,580 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,819 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,500 |
| Total operating and administrative expenses | $41,349 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $41,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,049 |
| 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 | $562,023 |
| Total assets | $1,114,753 |
| 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, Sallie Taylor Faris And A Burton Faris Jr Memorial Trust Fund has awarded $133,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHERN KENTUCKY UNIVERSITY PURPOSE: SCHOLARSHIP | $19,000 |
NORTHERN KENTUCKY UNIVERSITY PURPOSE: SCHOLARSHIP | $19,000 |
CENTRE COLLEGE PURPOSE: SCHOLARSHIP | $10,500 |
NORTHERN KENTUCKY UNIVERSITY PURPOSE: SCHOLARSHIP | $19,000 |
UNIVERSITY OF KENTUCKY PURPOSE: SCHOLARSHIP | $10,000 |
CENTRE COLLEGE PURPOSE: SCHOLARSHIP | $10,500 |