Violet Barnett Reynolds Test Trust
- Assets
- $78.3k
- Revenue
- $423.0
- Investments
- $77.2k
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 63-6209171
Organization Overview
Violet Barnett Reynolds Test Trust is located in Montgomery, AL. The organization was established in 2019. 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. Violet Barnett Reynolds Test 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 12/2022, Violet Barnett Reynolds Test Trust generated $423.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $5.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 8 years. 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
THE FOUNDATION HAD NO DIRECT CHARITABLE ACTIVITIES DURING THE YEAR.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,051 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$658 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30 |
| Total Revenue | $423 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,886 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,046 |
| Contributions, gifts, grants paid | $2,383 |
| Total expenses and disbursements | $5,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,085 |
| 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 | $16 |
| Total assets | $78,327 |
| 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, Violet Barnett Reynolds Test Trust has awarded $2,383 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PEACHTREE ROAD UNITED METHODIST CHU PURPOSE: RELIGIOUS | $477 |
DAUPHIN WAY UNITED METHODIST PURPOSE: RELIGIOUS | $715 |
FIRST UNITED METHODIST CHURCH PURPOSE: RELIGIOUS | $476 |
FIRST UNITED METHODIST CHURCH PURPOSE: RELIGIOUS | $715 |