Trust For Mutual Understanding
- Assets
- $27.9m
- Revenue
- $2.6m
- Investments
- $27.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/1984
- Data as of
- 12/2022
- EIN
- 13-3212724
Organization Overview
Trust For Mutual Understanding is located in New York, NY. The organization was established in 1984. 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. Trust For Mutual Understanding 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, Trust For Mutual Understanding generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $4.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blair A Ruble Trustee | 2 | $18,168 | |
Barbara A Lanciers Director | 40 | $219,480 | |
Alina Enggist Senior Program Officer | 40 | $149,366 | |
Susan V Berresford Trustee | 6 | $18,168 | |
Elizabeth C Campbell Trustee | 2 | $18,168 | |
Joel Motley Trustee | 2 | $18,168 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $988,009 |
| Interest on Savings | $0 |
| Dividends & Interest | $699,805 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $842,437 |
| Capital Gain Net Income | $839,816 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $54,178 |
| Total Revenue | $2,584,429 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $556,163 |
| Other employee salaries and wages | $110,326 |
| Pension plans, employee benefits | $102,522 |
| Interest | $0 |
| Taxes | $83,320 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $309,159 |
| Printing and publications | $0 |
| Other expenses | $131,558 |
| Total operating and administrative expenses | $1,560,703 |
| Contributions, gifts, grants paid | $2,642,734 |
| Total expenses and disbursements | $4,203,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $826,194 |
| Net Accounts receivable | $80,802 |
| 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 | $2,835,099 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $27,906,740 |
| 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 |