David Lipscomb College Trust
- Assets
- $340.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mcminnville, TN
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 62-6135837
Organization Overview
David Lipscomb College Trust is located in Mcminnville, TN. The organization was established in 0000. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations.
For the year ending 12/2022, David Lipscomb College Trust generated $53.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $50.9k during the year ending 12/2022. While expenses have increased by 2.3% per year over the past 8 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE TRUST WAS ESTABLISHED TO PROVIDE FINANCIAL SUPPORT TO YOUNG LADIES WHO WILL BE ATTENDING LIPSCOMB UNIVERSITY. THE INCOME OF THE TRUST AFTER PAYMENT OF EXPENSES IS USED FOR A SCHOLARSHIP TO LIPSCOMB UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Marttala Trustee | 1 | $0 | |
Jimmy Walker Trustee | 0 | $0 | |
Tabitha Sullens Trustee | 0 | $0 | |
Tamera Spivey Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $53,877 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $53,877 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $8,876 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $50,876 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $339,407 |
| Other assets | $0 |
| Total assets | $340,374 |
| Total liabilities | $0 |
| Net assets or fund balances | $340,374 |
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