Nettie Millhollon Educational Trust
- Assets
- $24.8m
- Revenue
- $8.5m
- Investments
- $615.0k
- Employees
- 0
- Location
- Stanton, TX
- Founding
- 05/1965
- Data as of
- 06/2022
- EIN
- 75-6024639
Organization Overview
Nettie Millhollon Educational Trust is located in Stanton, TX. The organization was established in 1965. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nettie Millhollon Educational 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 06/2022, Nettie Millhollon Educational Trust generated $8.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 32.3% per year over the past 7 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Blocker Trustee | 1 | $6,000 | |
Constance Hazelwood Sec-Treasurer | 1 | $6,000 | |
Claude Ray Glaspie Trustee | 1 | $5,500 | |
Jeffrey Burch Chairman | 1 | $5,500 | |
Kyle Kendall Trustee | 1 | $5,000 | |
Jogay Hill Trustee | 1 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $71,146 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,458,306 |
| Total Revenue | $8,529,452 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $41,500 |
| Other employee salaries and wages | $44,200 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $182,178 |
| Depreciation | $3,926 |
| Occupancy | $25,612 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,505 |
| Other expenses | $27,523 |
| Total operating and administrative expenses | $336,864 |
| Contributions, gifts, grants paid | $2,006,622 |
| Total expenses and disbursements | $2,343,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $840,622 |
| Savings and temporary cash investments | $21,225,343 |
| 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 | $2,051,823 |
| 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 | $26,848 |
| Other assets | $100 |
| Total assets | $24,759,736 |
| 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 |
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