Billie P Hatcher Amended & Restated Revocable Living Trust Agreement
- Assets
- $1.3m
- Revenue
- $59.1k
- Investments
- $1.3m
- Employees
- 0
- Location
- Bowling Green, KY
- Founding
- Data as of
- 12/2020
- EIN
- 83-6562576
Organization Overview
Billie P Hatcher Amended & Restated Revocable Living Trust Agreement is located in Bowling Green, KY. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Billie P Hatcher Amended & Restated Revocable Living Trust Agreement 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 12/2020, Billie P Hatcher Amended & Restated Revocable Living Trust Agreement generated $59.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (70.5%) each year. All expenses for the organization totaled $90.7k during the year ending 12/2020. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASH CONTRIBUTION ARE AWARDED TO CHARITIES LOCATED CLOSE TO BILLIE HATCHER'S COMMUNITY. THE DONATIONS ARE AWARDED BY THE BOARD BASED ON APPLICATIONS TAKING INTO ACCOUNT BILLIE HATCHER'S PHILANTHROPIC INTERESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Gugler Director | 1 | $0 | |
Alan Palmer Director | 1 | $0 | |
Cathy Lafitte Director | 1 | $0 | |
Donald Smith Board Presid | 1 | $0 | |
Gregory John Farmer Jr Director | 1 | $0 | |
Fred Coots Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $23,416 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,710 |
| Capital Gain Net Income | $35,710 |
| Net ST Capital Gain | $1,940 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $59,132 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,096 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $600 |
| Total operating and administrative expenses | $17,214 |
| Contributions, gifts, grants paid | $73,500 |
| Total expenses and disbursements | $90,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $1,314,284 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,314,284 |
| 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, Billie P Hatcher Amended & Restated Revocable Living Trust Agreement has awarded $73,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Scottsville, KY PURPOSE: CONTRIBUTION | $12,000 |
ALLEN COUNTY HISTORICAL SOCIETY PURPOSE: CONTRIBUTION | $11,500 |
AVIATION HERITAGE PARK PURPOSE: CONTRIBUTION | $10,000 |
SCOTTSVILLE ALLEN CO CHAMBER PURPOSE: CONTRIBUTION | $7,500 |
ROTARY CLUB OF BOWLING GREEN PURPOSE: CONTRIBUTION | $7,500 |
WKU STUDENT PUBLICATIONS MULTI PLAT PURPOSE: CONTRIBUTION | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asante Foundation Inc South Bend, IN | $170,490,031 | $16,382,298 |
Klaff Family Foundation Chicago, IL | $171,629,374 | $12,167,429 |
Deborah Joy Simon Foundation Carmel, IN | $67,791,546 | $8,858,983 |
Hillier Family Foundation Akron, OH | $0 | $3,603,112 |
Hazel Ruby Mcquain Charitable Tr Morgantown, WV | $103,286,088 | $9,092,496 |
Scripps-Howard Foundation Cincinnati, OH | $57,417,924 | $12,029,094 |
The Pritzker Pucker Family Foundation Chicago, IL | $63,807,485 | $11,921,924 |
Albert J Weatherhead Estate Trust Uw Item Iv National City Bk Of Cle Mayfield Heights, OH | $171,110,624 | $12,657,241 |
Hummingbird Society Foundation Cincinnati, OH | $175,019 | $103,373 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |
The Hagan Scholarship Foundation Columbia, MO | $259,194,852 | $64,132,818 |
Reinhart Foundation Richmond, VA | $39,727,277 | $36,137,915 |