Mary L Fitch Trust
- Assets
- $1.7m
- Revenue
- $122.1k
- Investments
- $1.7m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/1951
- Data as of
- 12/2023
- EIN
- 06-0646546
Organization Overview
Mary L Fitch Trust is located in Chicago, IL. The organization was established in 1951. 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. Mary L Fitch Trust 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 12/2023, Mary L Fitch Trust generated $122.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $139.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Mary L Fitch Trust has awarded 36 individual grants totaling $572,288. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATES BAYVIEW RESTHOME, A PLACE FOR MEETINGS AND MEALS FOR TEACHERS, STUDENTS, SOCIAL SERVICES PERSONNEL, AND VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 3 | $34,171 | |
Phyllis Marsilius Trustee | 1 | $1,500 | |
Ronald Noren Trustee | 1 | $3,000 | |
Margaret Hiller Trustee | 1 | $3,000 | |
Ann T Langley Trustee | 1 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $58,383 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $62,890 |
| Capital Gain Net Income | $62,890 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $849 |
| Total Revenue | $122,122 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $44,671 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,523 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $48,720 |
| Contributions, gifts, grants paid | $90,516 |
| Total expenses and disbursements | $139,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $511 |
| Savings and temporary cash investments | $44,532 |
| 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 | $110,133 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,723,621 |
| 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, Mary L Fitch Trust has awarded $90,516 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
TOQUAM MAGNET SCHOOL PURPOSE: GENERAL | $2,250 |
BROADVIEW MIDDLE SCHOOL PURPOSE: GENERAL | $1,775 |
STAMFORD HIGH SCHOOL PURPOSE: GENERAL | $3,234 |
ROGERS PARK MIDDLE SCHOOL PURPOSE: GENERAL | $10,000 |
CENTER FOR GLOBAL STUDIES PURPOSE: GENERAL | $6,500 |
BRIDGEPORT PUBLIC SCHOOLS PURPOSE: GENERAL | $56,757 |