Francis T Hindelong Memorial Trust
- Assets
- $147.2k
- Revenue
- $205.0k
- Investments
- $145.1k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/2000
- Data as of
- 12/2022
- EIN
- 13-7224702
Organization Overview
Francis T Hindelong Memorial Trust is located in Chicago, IL. The organization was established in 2000. 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. Francis T Hindelong Memorial 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 12/2022, Francis T Hindelong Memorial Trust generated $205.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $226.3k during the year ending 12/2022. While expenses have increased by 2.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Francis T Hindelong Memorial Trust has awarded 48 individual grants totaling $866,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $101,532 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,914 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $97,525 |
| Capital Gain Net Income | $97,525 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $204,971 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,042 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,259 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,301 |
| Contributions, gifts, grants paid | $220,000 |
| Total expenses and disbursements | $226,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $753 |
| Savings and temporary cash investments | $1,302 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $147,152 |
| 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, Francis T Hindelong Memorial Trust has awarded $220,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CHOWAN COLLEGE PURPOSE: MEN'S BASKETBALL PROGRAM | $25,000 |
SHRINERS HOSPITAL FOR CHILDREN PURPOSE: CHARITABLE CONTRIBUTION | $20,000 |
AMERICAN RED CROSS PURPOSE: BENEFIT UKRANIAN RELIEF | $10,000 |
PELICANS NEST GOLF CLUB PURPOSE: CHARITABLE CONTRIBUTION | $20,000 |
COMMUNITY FOUNDATION OF NEW JERSEY PURPOSE: BAY HEAD YACHT CLUB | $10,000 |
LEE MEMORIAL HEALTH SYSTEM PURPOSE: GENERAL | $10,000 |