John L Smallwood Trust For
- Assets
- $410.1k
- Revenue
- $32.5k
- Investments
- $114.5k
- Employees
- 0
- Location
- Kilgore, TX
- Founding
- 09/1980
- Data as of
- 05/2022
- EIN
- 75-6275181
Organization Overview
John L Smallwood Trust For is located in Kilgore, TX. The organization was established in 1980. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. John L Smallwood Trust For 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 05/2022, John L Smallwood Trust For generated $32.5k 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 (5.9%) each year. All expenses for the organization totaled $45.0k during the year ending 05/2022. 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 Mission:
Part 3 - Line 1
NONE
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCOME FROM THIS TRUST IS PAID TO SOUTH PLAINS COLLEGE TO PROVIDE HIGHER EDUCATION UNDER THE COLLEGE'S DEGREE PLAN
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,571 |
| Dividends & Interest | $1,160 |
| Net Rental Income | $6,614 |
| 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 | $16,833 |
| Total Revenue | $32,459 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,377 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,071 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,596 |
| Total operating and administrative expenses | $17,864 |
| Contributions, gifts, grants paid | $27,146 |
| Total expenses and disbursements | $45,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $255,938 |
| 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 | $38,160 |
| Other assets | $1,483 |
| Total assets | $410,050 |
| 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 |