Edwin C Remick Test Tr
- Assets
- $18.1m
- Revenue
- $596.4k
- Investments
- $17.8m
- Employees
- 0
- Location
- Laconia, NH
- Founding
- 08/1994
- Data as of
- 06/2024
- EIN
- 02-6098262
Organization Overview
Edwin C Remick Test Tr is located in Laconia, NH. The organization was established in 1994. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Edwin C Remick Test Tr 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 06/2024, Edwin C Remick Test Tr generated $596.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $878.6k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TESTAMENTARY TRUST PROVIDES FUNDING FOR THE PRIMARY BENEFICIARY, THE EDWIN C. REMICK FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert A Dietz Trustee | 1.5 | $22,200 | |
Mark Temkin Trustee | 2 | $16,200 | |
Linda Normandin Trustee | 1.5 | $16,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25,671 |
| Dividends & Interest | $342,936 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $227,745 |
| Capital Gain Net Income | $227,745 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $596,352 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $54,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,003 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,774 |
| Total operating and administrative expenses | $117,642 |
| Contributions, gifts, grants paid | $761,000 |
| Total expenses and disbursements | $878,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $365,642 |
| 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 | $1,517,355 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,119,469 |
| 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 |