Lena P Frederick Trust Fund Nect 10-10-123-0019220
- Assets
- $506.1k
- Revenue
- $19.1k
- Investments
- $490.7k
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 06/1972
- Data as of
- 04/2024
- EIN
- 01-6010164
Organization Overview
Lena P Frederick Trust Fund Nect 10-10-123-0019220 is located in Brooklyn, OH. The organization was established in 1972. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 04/2024, Lena P Frederick Trust Fund Nect 10-10-123-0019220 generated $19.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $17.8k during the year ending 04/2024. While expenses have increased by 1.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,407 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,644 |
| Capital Gain Net Income | $10,644 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,051 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,445 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,031 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,526 |
| Contributions, gifts, grants paid | $8,229 |
| Total expenses and disbursements | $17,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,449 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $490,666 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $506,115 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lena P Frederick Trust Fund Nect 10-10-123-0019220 has awarded $8,229 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BELFAST ROTARY CLUB PURPOSE: GENERAL OPERATING | $8,000 |
MAINE HEALTH PURPOSE: GENERAL OPERATING | $229 |