Nonprofit · EIN 32-0186585
AGNES SMITH MCDOWELL TR
Also known as SAM W ARNOLD III TTEE
Tax-exempt · CYNTHIANA, KY 41031
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $285,668 | $463,928 | -$178,260 | $6,600,478 | $0 | $6,600,478 |
| December 31, 2023 | 990 | $232,277 | $299,768 | -$67,491 | $6,778,738 | $0 | $6,778,738 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $173,180
- Investment income
- $103,233
- Net rental income
- $9,255
- Net gain from sales of assets
- $50,071
- Tax-exempt bond proceeds
- $10,553
- Other revenue
- $9,255
Expenses
- Grants and similar amounts paid
- $30,000
- Compensation of officers, directors and key employees
- $40,275
- Salaries, compensation and benefits (total)
- $40,275
- Professional fundraising fees
- $0
- Legal fees
- $4,000
- Accounting fees
- $5,622
- Depreciation
- $59,107
- Program services (functional)
- $438,762
- Management and general (functional)
- $25,168
Balance sheet and other
- Total assets, start of year
- $6,778,738
- Total assets, end of year
- $6,600,478
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,600,478
- Land, buildings and equipment
- $5,011,821
- Publicly traded securities
- $1,517,683
- Gross receipts
- $614,296
- Employees
- 0
- Year formed
- 2006
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN R ARNOLD | TRUSTEE Institutional trustee | 15 | $40,275 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN R ARNOLD | Trustee Institutional trustee | 15 | $40,275 |
Address and contacts
- Address (IRS master file)
- 103 COURT ST, CYNTHIANA, KY 41031-1516
- In care of
- % JOHN R ARNOLD
- Principal officer (990 for 2024)
- JOHN R ARNOLD, 103 Court Street, CYNTHIANA, KY 41031
- Signed the 990
- JOHN R ARNOLD, TRUSTEE
- Phone
- (859) 489-4832
Mission
AGNES MCDOWELL'S FARM WAS SUBDIVIDED INTO 5 FARMS ORIGINALLY, HOWEVER THE TRUST HAS ACQUIRED MORE LAND ADJOINING WITH HOPES TO ADD A 6TH FARM TO BE USED TO DEVELOP INNOVATIVE FARMING TECNIQUES BY LOCAL YOUNG FARMERS.
Program accomplishments
- The purpose of the Trust was set forth by the will of Agnes McDowell & direted that improvements and epenses to the farm be done with the profits made from farm crops. A portion remaining is allocated to Harrison County Board of Ed for the Vo-Ed classes. This year $30,000 was given for the high school classes which included implmentation of AG classes being taught in the middle schools grades (6-8). The allocation also assisted students with trips, fees, on-site farming, computer software and more.
- The farm land left by the will of Agnes McDowell was divided into 5 tracts originally but since has acquired additional adjoining land with hopes to devolop a 6th tract, 7 young local farmers are using the land for corn, soybeans, tobacco, hay and cattle for themselves. The Trust has a landlord/tenant relationship in which these farmers may farm for a period of 8 years and the Trust pays a portion of the expenses in return for a percentage of the profits.grants $30,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 32-0186585
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T21)
- Assets (IRS master file)
- $6,600,478
- Income (IRS master file)
- $614,296
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $285,668 | $463,928 | $6,600,478 | XML |
| 990 | December 2023 | $232,277 | $299,768 | $6,778,738 | XML |
| 990 | December 2022 | $261,223 | $264,542 | $5,307,081 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 32-0186585).
Questions about AGNES SMITH MCDOWELL TR
- What is the EIN of AGNES SMITH MCDOWELL TR?
- The employer identification number (EIN) of AGNES SMITH MCDOWELL TR is 32-0186585.
- Is AGNES SMITH MCDOWELL TR tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to AGNES SMITH MCDOWELL TR tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does AGNES SMITH MCDOWELL TR file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AGNES SMITH MCDOWELL TR due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AGNES SMITH MCDOWELL TR last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AGNES SMITH MCDOWELL TR?
- The 990 for the year ended December 31, 2024 names JOHN R ARNOLD.
- Who are the officers and directors of AGNES SMITH MCDOWELL TR?
- The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $40,275 (JOHN R ARNOLD, TRUSTEE).
- How much revenue does AGNES SMITH MCDOWELL TR have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $285,668, expenses of $463,928 and total assets of $6,600,478 at year end.
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All nonprofits in CYNTHIANA · Kentucky · Philanthropy, voluntarism and grantmaking foundations