Overview
What is Agnes Smith Mcdowell Trust 103 Court Street?
The Agnes Smith Mcdowell Trust, located at 103 Court Street, Cynthiana, Kentucky, is a philanthropic organization that originated from the will of Agnes McDowell. Its primary objective is to support and enhance vocational agricultural (Vo-Ag) classes at the local high school, utilizing income generated from farm crops. This year, the trust allocated $25,000 to these classes, facilitating various initiatives such as implementing agriculture lessons in middle school grades, supporting student trips and fees, funding on-site farming, and providing computer software. The trust further aids students by contributing to various related expenses. Apart from this, the trust has a mission to foster innovative farming techniques among local young farmers by subdividing Agnes McDowell's farm into five separate farms.
Is Agnes Smith Mcdowell Trust 103 Court Street legitimate?
Agnes Smith Mcdowell Trust 103 Court Street is a legitimate nonprofit organization registered as a 501(c)(3) entity. Agnes Smith Mcdowell Trust 103 Court Street submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $57,016
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Agnes Smith Mcdowell Trust 103 Court Street?
The Agnes Smith Mcdowell Trust, established through the will of Agnes McDowell, aims to support the maintenance and improvement of vocational agriculture (VoAG) classes. The trust directs profits from farm crops to cover expenses related to these classes, which are taught at a high school. This year, the trust allocated $25,000 to the classes, facilitating various activities such as implementing agricultural classes in middle school grades, funding student trips, covering fees, and providing resources for on-site farming and computer software. The trust's primary objective is to support and develop innovative farming techniques among local young farmers using the subdivided farm lands.
Who is the CEO of Agnes Smith Mcdowell Trust 103 Court Street?
Sam W Arnold Iii is the Trustee of Agnes Smith Mcdowell Trust 103 Court Street.
What is the revenue of Agnes Smith Mcdowell Trust 103 Court Street?
Agnes Smith Mcdowell Trust 103 Court Street's revenue in 2022 was $261,223.
Who are the executives of Agnes Smith Mcdowell Trust 103 Court Street and what are their salaries?
There is 1 key member and their salary:
- Compensation: $57,016
- Related: $0
- Other: $0
Where can I find the form 990 for Agnes Smith Mcdowell Trust 103 Court Street?
Agnes Smith Mcdowell Trust 103 Court Street's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Agnes Smith Mcdowell Trust 103 Court Street
Agnes Smith Mcdowell Trust, named after its benefactor, has a mission to promote the advancement and enhancement of vocational agriculture (Vo-Ed) classes. This mission is carried out by channeling funds towards the maintenance and improvement of these classes taught at Harrison County High School. The trust's vision, as stated in Agnes McDowell's will, was to utilize the profits from her farm to develop innovative farming techniques by local young farmers. The trust now extends this support to the high school's agricultural education, providing funds for various expenses such as field trips, fees, on-site farming, and even computer software. The allocation also aids in implementing AG classes in the middle school grades, catering to students from grades 6 to 8. This way, Agnes Smith Mcdowell Trust contributes significantly to the agricultural education of the students, empowering them with the necessary skills and knowledge for future farming endeavors.
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Impact
October, 2024
The Agnes Smith McDowell Trust significantly enhances educational opportunities in agriculture at Harrison County High School by allocating funds specifically for the maintenance and improvement of vocational agriculture (Vo-Ag) classes. With a recent contribution of $25,000, the Trust has directly impacted students by facilitating the implementation of agricultural classes for middle school grades and providing necessary resources such as funding for trips, fees, on-site farming experiences, and computer software.
Beyond financial support, the Trust’s mission fosters innovative farming techniques among local young farmers, contributing to the development of a skilled agricultural workforce. The Trust's efforts not only support academic growth but also promote practical experience and engagement with the farming community, creating a foundation for sustainable agricultural practices and youth empowerment in Cynthiana, KY. This initiative reflects a commitment to both education and the future of farming in the region, ensuring that students are well-prepared for careers in agriculture.
This information is meant to be a general summary of Agnes Smith Mcdowell Trust 103 Court Street. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $54,286
- Program Service Revenue: $193,647
- Gross Receipts: $1,163,335
Assets and Liabilities:
- Total Assets: $5,307,081
- Total Liabilities: $0
- Net Assets: $5,307,081
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
share crop revenue
Revenue
$129,458
cattle proceeds
Revenue
$60,552
admin support proceeds
Revenue
$3,637
Organization Details
Founding Year
2006
Phone
(859) 234-6439Principal Officer
Sam W Arnold Iii
Main Address
103 Court Street, CYNTHIANA, KY, 41031
NTEE Category
Code: T21 - Philanthropy
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