Holmes I Goode Residuary Trust
- Assets
- $462.4k
- Revenue
- $15.6k
- Investments
- $451.8k
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 00/0000
- Data as of
- 12/2023
- EIN
- 62-6139277
Organization Overview
Holmes I Goode Residuary Trust is located in Birmingham, AL. The organization was established in 0000. 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.
For the year ending 12/2023, Holmes I Goode Residuary Trust generated $15.6k 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 (8.5%) each year. All expenses for the organization totaled $37.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Holmes I Goode Residuary Trust has awarded 16 individual grants totaling $114,260. 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 | $17,092 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,397 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,888 |
| Total Revenue | $15,583 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,256 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $440 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,196 |
| Contributions, gifts, grants paid | $27,560 |
| Total expenses and disbursements | $37,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,568 |
| 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 | $451,846 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $462,414 |
| 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, Holmes I Goode Residuary Trust has awarded $27,560 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS HOME INC PURPOSE: GENERAL OPERATING | $6,890 |
VIRGINIA THEOLOGICAL SEMINARY PURPOSE: GENERAL OPERATING | $6,890 |
JANIE HAMMITT MEMORIAL INC PURPOSE: GENERAL OPERATING | $6,890 |
EMMANUEL EPISCOPAL CHURCH PURPOSE: GENERAL OPERATING | $6,890 |