Lucille S Beeson Charitable Remainder 66 1055001761
- Assets
- $195.8m
- Revenue
- $7.4m
- Investments
- $192.4m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 01/2004
- Data as of
- 12/2022
- EIN
- 72-6278911
Organization Overview
Lucille S Beeson Charitable Remainder 66 1055001761 is located in Birmingham, AL. The organization was established in 2004. 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. Lucille S Beeson Charitable Remainder 66 1055001761 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, Lucille S Beeson Charitable Remainder 66 1055001761 generated $7.4m 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 (31.0%) each year. All expenses for the organization totaled $12.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Lucille S Beeson Charitable Remainder 66 1055001761 has awarded 53 individual grants totaling $41,872,620. 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 | $5,460,826 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,836,787 |
| Capital Gain Net Income | $1,836,787 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $87,399 |
| Total Revenue | $7,385,012 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,160,832 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $261,294 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $67,545 |
| Total operating and administrative expenses | $1,491,671 |
| Contributions, gifts, grants paid | $10,504,953 |
| Total expenses and disbursements | $11,996,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,318,425 |
| 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 | $192,438,824 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $195,757,249 |
| 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, Lucille S Beeson Charitable Remainder 66 1055001761 has awarded $10,504,953 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
SALVATION ARMY PURPOSE: GENERAL OPERATING | $1,113,525 |
THE BIRMINGHAM ZOO INC PURPOSE: GENERAL OPERATING | $451,713 |
MISSION CHRISTIAN SERVICE PURPOSE: GENERAL OPERATING | $451,713 |
GREATER BIRMINGHAM HUMANE SOCIETY PURPOSE: GENERAL OPERATING | $451,713 |
UNITED ABILITY INC PURPOSE: GENERAL OPERATING | $1,113,525 |
CANTERBURY UNITED METHODIST CHURCH PURPOSE: GENERAL OPERATING | $1,113,525 |