Fitch Gilbert Memorial Tr
- Assets
- $2.5m
- Revenue
- $130.5k
- Investments
- $2.4m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/1972
- Data as of
- 12/2023
- EIN
- 13-6038276
Organization Overview
Fitch Gilbert Memorial Tr is located in Chicago, IL. The organization was established in 1972. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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.
For the year ending 12/2023, Fitch Gilbert Memorial Tr generated $130.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $175.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Fitch Gilbert Memorial Tr has awarded 48 individual grants totaling $777,626. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 2 | $38,664 | |
Lynn M Hoadley Co-Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $89,225 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $40,017 |
| Capital Gain Net Income | $40,017 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,229 |
| Total Revenue | $130,471 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $38,664 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,517 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $298 |
| Total operating and administrative expenses | $42,979 |
| Contributions, gifts, grants paid | $132,854 |
| Total expenses and disbursements | $175,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,970 |
| Savings and temporary cash investments | $42,287 |
| 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 | $153,053 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,473,222 |
| 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, Fitch Gilbert Memorial Tr has awarded $132,854 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
GILBERTSVILLE-MOUNT UPTON CSD PURPOSE: GENERAL | $3,000 |
THE FIRST PRESBYTERIAN CHURCH PURPOSE: GENERAL | $1,000 |
TTEES OF THE DIOCESE OF ALBANY OF THE PROTEST PURPOSE: GENERAL | $110,354 |
THE VILLAGE IMPROVEMENT SOCIETY PURPOSE: GENERAL | $3,000 |
GILBERTSVILLE FREE LIBRARY PURPOSE: GENERAL | $3,000 |
THE BAPTIST CHURCH PURPOSE: GENERAL | $500 |