M L Horton Charitable Tr
- Assets
- $590.9k
- Revenue
- $11.5k
- Investments
- $578.0k
- Employees
- 0
- Location
- Tuscaloosa, AL
- Founding
- Data as of
- 12/2022
- EIN
- 61-6606062
Organization Overview
M L Horton Charitable Tr is located in Tuscaloosa, AL. 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. M L Horton 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, M L Horton Charitable Tr generated $11.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (18.4%) each year. All expenses for the organization totaled $40.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $69 |
| Dividends & Interest | $15,247 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,843 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,473 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,595 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $525 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $13,095 |
| Contributions, gifts, grants paid | $27,420 |
| Total expenses and disbursements | $40,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,240 |
| 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 | $578,029 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $640 |
| Total assets | $590,909 |
| 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, M L Horton Charitable Tr has awarded $27,420 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE UNIVERSITY OF ALABAMA BOARD OF TRUSTEES OFFICE OF PLANNED GIVING PURPOSE: SCHOLARSHIPS | $13,710 |
EAGLES' WINGS INC PURPOSE: OPERATIONAL | $13,710 |