Nel S Morrison Charitable Trust 1

Louisville, KY
Tax-exempt since Dec. 2023
EIN: 61-6150157

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$249k (2024)

Expenses

$50.5k (2024)

Total Assets

$620k (2024)

Total Liabilities

$0 (2024)

Years with missing data

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Nov.
2024

Revenue

$248,524

Expenses

$50,521

Net Income

$198,003

Net Assets

$619,825

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$70	0.0%
Dividends	$22,038	8.9%
Sales of Assets	$226,416	91.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$41,514	82.2%
Compensation of Officers*	$7,636	15.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$619,825
Total Liabilities	$0
Net Assets	$619,825

Compensation

Key Employees and Officers	Compensation	Other
First Bankers Trust Company (Trustee)	$7,636	$0
Betsy Smith (Special Trustee)	$0	$0
Madison Smith (Special Trustee)	$0	$0
Gracie Smith (Special Trustee)	$0	$0

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990-PF

Filed on March 21, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Nov.
2023

Revenue

$56,671

Expenses

$60,248

Net Income

-$3,577

Net Assets

$422,702

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$137	0.2%
Dividends	$23,385	41.3%
Sales of Assets	$30,786	54.3%
Other Income	$2,363	4.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$41,494	68.9%
Compensation of Officers*	$7,444	12.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$422,702
Total Liabilities	$0
Net Assets	$422,702

Compensation

Key Employees and Officers	Compensation	Other
First Bankers Trust Company (Trustee)	$7,444	$0
Betsy Smith (Special Trustee)	$0	$0
Madison Smith (Special Trustee)	$0	$0
Gracie Smith (Special Trustee)	$0	$0

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990-PF

Filed on Feb. 5, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2022

Revenue

$92,069

Expenses

$49,222

Net Income

$42,847

Net Assets

$426,437

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$132	0.1%
Dividends	$22,617	24.6%
Sales of Assets	$69,147	75.1%
Other Income	$173	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$41,526	84.4%
Compensation of Officers*	$7,765	15.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$426,437
Total Liabilities	$0
Net Assets	$426,437

Compensation

Key Employees and Officers	Compensation	Other
First Bankers Trust Company (Trustee)	$7,765	$0
Margaret M Mcgrath (Special Trustee)	$0	$0
Elizabeth Rose (Special Trustee)	$0	$0

990-PF

Filed on July 17, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2021

Revenue

$36,280

Expenses

$45,198

Net Income

-$8,918

Net Assets

$383,568

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$128	0.4%
Dividends	$23,046	63.5%
Sales of Assets	$13,106	36.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$37,998	84.1%
Compensation of Officers*	$7,483	16.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$383,568
Total Liabilities	$0
Net Assets	$383,568

Compensation

Key Employees and Officers	Compensation	Other
First Bankers Trust Company (Trustee)	$7,483	$0
Margaret M Mcgrath (Special Trustee)	$0	$0
Elizabeth Rose (Special Trustee)	$0	$0

990-PF

Filed on April 13, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Nov.
2020

Revenue

$22,819

Expenses

$47,317

Net Income

-$24,498

Net Assets

$392,485

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$123	0.5%
Dividends	$23,214	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$36,914	78.0%
Compensation of Officers*	$6,642	14.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$392,485
Total Liabilities	$0
Net Assets	$392,485

Compensation

Key Employees and Officers	Compensation	Other
First Bankers Trust Company (Trustee)	$6,642	$0
Margaret M Mcgrath (Special Trustee)	$0	$0
Elizabeth Rose (Special Trustee)	$0	$0

990-PF

Filed on Nov. 22, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2019

Revenue

$133,084

Expenses

$40,948

Net Income

$92,136

Net Assets

$416,984

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$119	0.1%
Dividends	$22,173	16.7%
Sales of Assets	$110,792	83.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$32,911	80.4%
Compensation of Officers*	$6,607	16.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$416,984
Total Liabilities	$0
Net Assets	$416,984

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2018

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2016

Revenue

$30,095

Expenses

$46,642

Net Income

-$16,547

Net Assets

$261,432

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$22,211	73.8%
Sales of Assets	$7,884	26.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$37,500	80.4%
Compensation of Officers*	$6,791	14.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$261,432
Total Liabilities	$0
Net Assets	$261,432

Compensation

Key Employees and Officers	Compensation	Other
First Bankers Trust Company (Trustee)	$6,791	$0
Margaret M Mcgrath (Special Trustee)	$0	$0
Elizabeth Rose (Special Trustee)	$0	$0

990-PF

Filed on Sept. 28, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2015

Revenue

$25,895

Expenses

$46,313

Net Income

-$20,418

Net Assets

$277,979

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$22,100	85.3%
Sales of Assets	$3,795	14.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$37,000	79.9%
Compensation of Officers*	$6,293	13.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$277,979
Total Liabilities	$0
Net Assets	$277,979

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Nov.
2014

Revenue

$54,642

Expenses

$43,149

Net Income

$11,493

Net Assets

$298,397

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$21,456	39.3%
Sales of Assets	$33,186	60.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$34,500	80.0%
Compensation of Officers*	$6,176	14.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$298,397
Total Liabilities	$0
Net Assets	$298,397

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2013

Revenue

$32,491

Expenses

$42,192

Net Income

-$9,701

Net Assets

$286,904

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$21,168	65.2%
Sales of Assets	$11,323	34.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$33,500	79.4%
Compensation of Officers*	$5,907	14.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$286,904
Total Liabilities	$0
Net Assets	$286,904

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2012

Revenue

$20,860

Expenses

$35,963

Net Income

-$15,103

Net Assets

$296,605

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$20,380	97.7%
Sales of Assets	$480	2.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$28,000	77.9%
Compensation of Officers*	$5,402	15.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$296,605
Total Liabilities	$0
Net Assets	$296,605

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2011

Revenue

$19,531

Expenses

$32,895

Net Income

-$13,364

Net Assets

$311,708

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$11	0.1%
Dividends	$19,507	99.9%
Sales of Assets	$0
Other Income	$13	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,500	77.5%
Compensation of Officers*	$4,903	14.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$311,708
Total Liabilities	$0
Net Assets	$311,708

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2008

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2007

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2006

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2005

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2004

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2003

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2000

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 3) PDF (3 of 3)

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What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Updated January 26, 2026

Nel S Morrison Charitable Trust 1

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $249k (2024)

Expenses $50.5k (2024)

Total Assets $620k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Nov. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Nov. 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Nov. 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Nov. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

No Document Links

Fiscal Year Ending Nov. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Nov. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Nov. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Nov. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$249k (2024)

Expenses

$50.5k (2024)

Total Assets

$620k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Nov.
2024

Fiscal Year Ending Nov.
2023

Fiscal Year Ending Nov.
2022

Fiscal Year Ending Nov.
2021

Fiscal Year Ending Nov.
2020

Fiscal Year Ending Nov.
2019

Fiscal Year Ending Nov.
2018

Fiscal Year Ending Nov.
2017

Fiscal Year Ending Nov.
2016

Fiscal Year Ending Nov.
2015

Fiscal Year Ending Nov.
2014

Fiscal Year Ending Nov.
2013

Fiscal Year Ending Nov.
2012

Fiscal Year Ending Nov.
2011

Fiscal Year Ending Nov.
2010

Fiscal Year Ending Nov.
2009

Fiscal Year Ending Nov.
2008

Fiscal Year Ending Nov.
2007

Fiscal Year Ending Nov.
2006

Fiscal Year Ending Nov.
2005

Fiscal Year Ending Nov.
2004

Fiscal Year Ending Nov.
2003

Fiscal Year Ending Nov.
2000