Civic Intelligence

Michael Priest Charitable Tr the Dr Michael Priest Charitable Trust

990EZ • Fiscal year 2023 • EIN 86-6440156

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 11, 2024

Organization Profilewww.michaelpriest.org
1010 Logan StreetSouth Boston, VA 24592

(424) 332-7338

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

2nd percentile

-430%

Higher net margin than 2% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

37th percentile

-5.7%

Faster asset growth than 37% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

2nd percentile

-97%

Faster revenue growth than 2% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$71,793

Down $4,300 (-5.7%) from 2022

Net Assets

Down

$71,793

Down $4,300 (-5.7%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin2nd percentile

Revenue

Down

$1,000

Down $31,000 (-97%) from 2022

Expenses

Down

$5,300

Down $7,400 (-58%) from 2022

Net Income

Down

-$4,300

Down $23,600 (-122%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100K$50K$0Assets 2021: $46,793Liabilities 2021: $0Net Assets 2021: $46,7932021Assets 2022: $76,093Liabilities 2022: $0Net Assets 2022: $76,0932022Assets 2023: $71,793Liabilities 2023: $0Net Assets 2023: $71,7932023Assets 2024: $79,025Liabilities 2024: $0Net Assets 2024: $79,0252024Assets 2025: $89,025Liabilities 2025: $0Net Assets 2025: $89,0252025

Highlighted filing

2023

Assets$71,793
Liabilities$0
Net Assets$71,793
Open 2023 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60K$40K$20K$0-$20KRevenue 2021: $50,146Expenses 2021: $3,353Net Income 2021: $46,7932021Revenue 2022: $32,000Expenses 2022: $12,700Net Income 2022: $19,3002022Revenue 2023: $1,000Expenses 2023: $5,300Net Income 2023: -$4,3002023Revenue 2024: $8,000Expenses 2024: $768Net Income 2024: $7,2322024Revenue 2025: $15,000Expenses 2025: $5,000Net Income 2025: $10,0002025

Highlighted filing

2023

Revenue$1,000
Expenses$5,300
Net Income-$4,300
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 11, 2024
Return Version
2023v5.0
Gross Receipts
$1,000
Mission and Program Overview

Mission

Formed in 2021 in honor of the late Dr. Michael Priest. Purpose is to grant athletic/academic scholarships to graduating high school seniors in Virginia. Donations also made to charities throughout the year in honor of Dr. Priest. First scholarship was awarded May 2022.

Program Services

DescriptionGrantsExpenses
This was our third year giving scholarships to high school seniors. $5000 in scholarships were donated this year.$5,000$0
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James Harold PriestTrusteePT$0--
James Berkley PriestTrusteePT$0--
Patrick Regan PriestTrusteePT$0--
Filing and Contact Details

Filer

Filer Name
Michael Priest Charitable Tr
EIN
86-6440156
Phone
4243327338
Address
1010 Logan Street, South Boston, VA 24592

Signing Officer

Name
James Priest
Title
Trustee
Phone
4243327338
Signed
2024-10-11
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10

“Scholarships given to high school seniors”

Raw XML Appendix201 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BenefitsPaidToOrForMembersAmt00
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IRS990EZ/BooksInCareOfDetail/PhoneNum04243327338
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01010 Logan Street
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0South Boston
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IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd024592
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0James Harold Priest
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1James Berkley Priest
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Patrick Regan Priest
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Trustee
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
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IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt00
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0Formed in 2021 in honor of the late Dr. Michael Priest. Purpose is to grant athletic/academic scholarships to graduating high school seniors in Virginia. Donations also made to charities throughout the year in honor of Dr. Priest. First scholarship was awarded May 2022.
IRS990EZ/PrintingPublicationsPostageAmt0300
IRS990EZ/ProgramServiceRevenueAmt00
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt05000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
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IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0VA
IRS990EZ/SubjectToProxyTaxInd00
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IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt05300
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt01000
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationTrustInd0X
IRS990EZ/WebsiteAddressTxt0www.michaelpriest.org
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt032000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt050146
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt083146
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus2YearsAmt00
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IRS990ScheduleA/InvestmentIncomeCYPct00
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt00
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Scholarships given to high school seniors
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10
ReasonableCauseExplanation/ExplanationTxt0We believed that this had been filed, and had gone through the steps in March 2023. We thought this had been filed online, and were shocked and suprised to see that it didn't go through, which we believe to be a computer error. We are a very small charitable trust with dwindling donations, and only give to scholarships and other charities.
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0James Priest
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/PhoneNum04243327338
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MICHAEL PRIEST CHARITABLE TR
ReturnHeader/Filer/BusinessNameControlTxt0MICH
ReturnHeader/Filer/EIN0866440156
ReturnHeader/Filer/PhoneNum04243327338
ReturnHeader/Filer/USAddress/AddressLine1Txt01010 Logan Street
ReturnHeader/Filer/USAddress/CityNm0South Boston
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd024592
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02024-10-11T10:52:00-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$71,793
Liabilities
$0
Net assets
$71,793
Revenue
$1,000
Expenses
$5,300
Net income
-$4,300
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$89.0$0.00$89.0$15.0$5.00$10.0
2024Detailed filing. Detailed filing data is available for this year.$79.0$0.00$79.0$8.00$0.77$7.23
2023Detailed filing. Detailed filing data is available for this year.$71.8$0.00$71.8$1.00$5.30$4.30
2022Detailed filing. Detailed filing data is available for this year.$76.1$0.00$76.1$32.0$12.7$19.3
2021Detailed filing. Detailed filing data is available for this year.$46.8$0.00$46.8$50.1$3.35$46.8