Ad Majorem Dei Gloriam Charitable Trust
- Assets
- $32.6k
- Revenue
- $50.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Madisonville, KY
- Founding
- Data as of
- 12/2022
- EIN
- 86-2246406
Organization Overview
Ad Majorem Dei Gloriam Charitable Trust is located in Madisonville, 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. Ad Majorem Dei Gloriam Charitable 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, Ad Majorem Dei Gloriam Charitable Trust generated $50.5k in total revenue.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHARITY HAS BEEN FORMED TO MAKE GRANTS TO TAX-EXEMPT CHARITABLE ORGANIZATIONS FOR THE BETTERMENT OF HOPKINS COUNTY, KENTUCKY, AS DETERMINED BY THE CO-TRUSTEES.IN DECEMBER 2021, HOPKINS COUNTY, KENTUCKY WAS DESIGNATED A DISASTER AREA RESULTING FROM THE IMPACT OF A TORNADO DISASTER. $7,051 WAS PROVIDED FOR TEMPORARY HOUSING ASSISTANCE TO THOSE DISPLACED RESULTING FROM THE TORNADO.
THE CHARITY HAS BEEN FORMED TO MAKE GRANTS TO TAX-EXEMPT CHARITABLE ORGANIZATIONS FOR THE BETTERMENT OF HOPKINS COUNTY, KENTUCKY, AS DETERMINED BY THE CO-TRUSTEES.CORNERSTONE PREPARATORY SCHOOL IS A 501(C)(3) SCHOOL LOCATED IN MADISONVILLE, KENTUCKY WHICH IS LOCATED IN HOPKINS COUNTY. THE SCHOOL'S MISSION IS TO OFFER AN EDUCATION THROUGH THE LENS OF A BIBLICAL WORLD VIEW TO PREPARE STUDENTS FOR COLLEGE, CAREER, AND LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Stephen Nance Trustee | 0 | $0 | |
Nan Su Nance Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,500 |
| Interest on Savings | $11 |
| Dividends & Interest | $0 |
| 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 | $0 |
| Total Revenue | $50,511 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $870 |
| Contributions, gifts, grants paid | $57,051 |
| Total expenses and disbursements | $57,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,590 |
| 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 | $0 |
| Total assets | $32,590 |
| 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, Ad Majorem Dei Gloriam Charitable Trust has awarded $57,051 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOLIDAY INN PURPOSE: TO PROVIDE HOUSING RELIEF (HOTEL ROOMS) TO DISPLACED VICTIMS OF TORNADOS WHICH HIT THE WESTERN KENTUCKY AREA IN DECEMBER 2021. THE AREA HAS BEEN DESIGNATED A DISASTER AREA. | $7,051 |
CORNERSTONE PREPARATORY SCHOOL PURPOSE: TO PROVIDE FINANCIAL SUPPORT OF A 501(C)(3) NON-PROFIT SCHOOL. | $50,000 |