Andrew J Kirch Charitable Trust under Paragraph Seventh of Will
- Assets
- $527.0k
- Revenue
- $51.5k
- Investments
- $509.2k
- Employees
- 0
- Location
- Rochester, NY
- Founding
- 03/1995
- Data as of
- 12/2018
- EIN
- 16-6396501
Organization Overview
Andrew J Kirch Charitable Trust under Paragraph Seventh of Will is located in Rochester, NY. The organization was established in 1995. 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.
For the year ending 12/2018, Andrew J Kirch Charitable Trust under Paragraph Seventh of Will generated $51.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $105.1k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James G Vazzana Co-Trustee | 0 | $507 | |
Patricia O Vazzana Co-Trustee | 0 | $507 | |
Michael S Ray Co-Trustee | 0 | $507 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19 |
| Dividends & Interest | $10,453 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,031 |
| Capital Gain Net Income | $41,031 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,503 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,521 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,799 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $40 |
| Other expenses | $135 |
| Total operating and administrative expenses | $26,157 |
| Contributions, gifts, grants paid | $78,893 |
| Total expenses and disbursements | $105,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,834 |
| 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 | $509,211 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $527,045 |
| 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, Andrew J Kirch Charitable Trust under Paragraph Seventh of Will has awarded $78,893 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ROCHESTER COMMUNITY BOATING FOUNDATION INC PURPOSE: TO PROVIDE FUNDING IN ORDER TO ENABLE THE ORGANIZATION TO PERFORM ITS CHARITABLE FUNCTION | $5,000 |
TEMPLE BETH EL PURPOSE: TO PROVIDE FUNDING IN ORDER TO ENABLE THE ORGANIZATION TO PERFORM ITS CHARITABLE FUNCTION | $750 |
GENERATION TWO PURPOSE: TO PROVIDE FUNDING IN ORDER TO ENABLE THE ORGANIZATION TO PERFORM ITS CHARITABLE FUNCTION | $2,500 |
GOLISANO CHILDREN'S HOSPITAL AT STRONG - U OF R PURPOSE: TO PROVIDE FUNDING IN ORDER TO ENABLE THE ORGANIZATION TO PERFORM ITS CHARITABLE FUNCTION | $12,500 |
UNITY HEALTH SYSTEM FOUNDATION PURPOSE: TO PROVIDE FUNDING IN ORDER TO ENABLE THE ORGANIZATION TO PERFORM ITS CHARITABLE FUNCTION | $57,143 |
ROCHESTER CHILD FIRST NETWORK PURPOSE: TO PROVIDE FUNDING IN ORDER TO ENABLE THE ORGANIZATION TO PERFORM ITS CHARITABLE FUNCTION | $1,000 |