Sam W Lake Trust Uw Fbo
- Assets
- $234.7k
- Revenue
- $15.1k
- Investments
- $226.1k
- Employees
- 0
- Location
- Johnston, RI
- Founding
- 09/1971
- Data as of
- 12/2022
- EIN
- 02-6003998
Organization Overview
Sam W Lake Trust Uw Fbo is located in Johnston, RI. The organization was established in 1971. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Sam W Lake Trust Uw Fbo is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Sam W Lake Trust Uw Fbo generated $15.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $20.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 5 years. 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 | $7,831 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,249 |
| Capital Gain Net Income | $7,249 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,080 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,301 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $256 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $160 |
| Total operating and administrative expenses | $6,442 |
| Contributions, gifts, grants paid | $13,844 |
| Total expenses and disbursements | $20,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,591 |
| 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 | $226,095 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $234,686 |
| 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, Sam W Lake Trust Uw Fbo has awarded $13,844 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CANTERBURY CENTER SUNDAY SCHOOL PURPOSE: UNRESTRICTED GIFT | $25 |
TOWN OF CANTERBURY PURPOSE: UNRESTRICTED GIFT | $13,819 |