Holberg Memorial Trust
- Assets
- $142.7k
- Revenue
- $10.9k
- Investments
- $140.8k
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 03/1964
- Data as of
- 12/2023
- EIN
- 63-6020213
Organization Overview
Holberg Memorial Trust is located in Birmingham, AL. The organization was established in 1964. 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. Holberg Memorial 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 12/2023, Holberg Memorial Trust generated $10.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $12.7k during the year ending 12/2023. While expenses have increased by 1.7% 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,281 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,556 |
| Capital Gain Net Income | $6,556 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $99 |
| Total Revenue | $10,936 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,799 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $54 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,903 |
| Contributions, gifts, grants paid | $8,807 |
| Total expenses and disbursements | $12,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,948 |
| 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 | $140,793 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $142,741 |
| 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, Holberg Memorial Trust has awarded $8,807 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
QUARTERBACKING CHILDRENS HEALTH FOUNDATI PURPOSE: GENERAL OPERATING | $4,423 |
BOYS AND GIRLS CLUB - CENTRAL AL PURPOSE: GENERAL OPERATING | $4,384 |