Michael Priest Charitable Tr is located in South Boston, VA. 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. Michael Priest Charitable Tr 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 12/2023, Michael Priest Charitable Tr generated $1.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (72.9%) each year. All expenses for the organization totaled $5.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THIS WAS OUR THIRD YEAR GIVING SCHOLARSHIPS TO HIGH SCHOOL SENIORS. $5000 IN SCHOLARSHIPS WERE DONATED THIS YEAR.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Harold Priest Trustee | 5 | $0 | |
James Berkley Priest Trustee | 5 | $0 | |
Patrick Regan Priest Trustee | 5 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $300 |
| Other expenses | $0 |
| Total expenses | $5,300 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,793 |
| Other assets | $0 |
| Total assets | $71,793 |
| Total liabilities | $0 |
| Net assets or fund balances | $71,793 |