Margaret Dermitt Estate Char Trust
- Assets
- $829.8k
- Revenue
- $44.3k
- Investments
- $759.9k
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 16-6131010
Organization Overview
Margaret Dermitt Estate Char Trust is located in Brooklyn, OH. The organization was established in 0000. 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 12/2021, Margaret Dermitt Estate Char Trust generated $44.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $64.4k during the year ending 12/2021. While expenses have increased by 1.3% per year over the past 4 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 2020, Margaret Dermitt Estate Char Trust has awarded 24 individual grants totaling $110,000. 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 | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,725 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,318 |
| Capital Gain Net Income | $28,318 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $235 |
| Total Revenue | $44,278 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,155 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $191 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $14,446 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $64,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $69,986 |
| 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 | $759,852 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $829,838 |
| 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, Margaret Dermitt Estate Char Trust has awarded $50,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Olean, NY PURPOSE: GENERAL OPERATING | $15,000 |
RED CROSS PURPOSE: GENERAL OPERATING | $5,000 |
ALLEGANY CO ASSOC FOR THE PURPOSE: GENERAL OPERATING | $5,000 |
Randolph, NY PURPOSE: GENERAL OPERATING | $5,000 |
AMERICAN HEART ASSOCIATION INC PURPOSE: GENERAL OPERATING | $5,000 |
Henrietta, NY PURPOSE: GENERAL OPERATING | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stanley Frankel And Judith Frankel Support Foundation Bloomfield Hills, MI | $0 | $41,274 |
Ferris Foundation Big Rapids, MI | $118,188,680 | $12,993,679 |
William H Davis & Dorothy M Davis & William C Davis Foundation Columbus, OH | $50,622,304 | $3,999,336 |
Traditions At Mill Run Columbus, OH | $9,179,158 | $5,528,068 |
Gordon Christian Trust Grand Rapids, MI | $67,207,482 | $18,378,082 |
Yung Family Foundation The Crestview Hills, KY | $4,438,622 | $34,262 |
Lang Rachel Boyce Charitable Trust Xxx-Xx-Xxxx Youngstown, OH | $0 | $17,968 |
J M Lockhart Lockhart J M Ally Herc Pittsburgh, PA | $71,861,137 | $5,661,653 |
John R Mccune Char Trust No 9721 Pittsburgh, PA | $72,660,293 | $3,170,444 |
Stanita Foundation Greenwood, IN | $37,315,806 | $4,060,296 |
College Properties Of Lorain County Inc Oberlin, OH | $42,105,647 | $1,116,823 |
Elhapa Foundation Inc Lexington, KY | $43,489,972 | $1,635,816 |