Morris & Sylvia Trachten Family Foundation
- Assets
- $4.6m
- Revenue
- $156.8k
- Investments
- $4.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/1984
- Data as of
- 12/2023
- EIN
- 22-2518063
Organization Overview
Morris & Sylvia Trachten Family Foundation is located in Wilmington, DE. The organization was established in 1984. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Morris & Sylvia Trachten Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Morris & Sylvia Trachten Family Foundation has awarded 565 individual grants totaling $2,575,098. 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 |
|---|---|---|---|
David Trachten Chairman Of The Board, Trustee | 1 | $0 | |
Gary Trachten Sec, Trustee | 1 | $0 | |
Vicki Trachten-Schwartz Pres, Trustee | 1 | $0 | |
Roberta Trachten-Zeve Trustee, Treas | 1 | $0 | |
Margo Zeve Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,000 |
| Interest on Savings | $11,597 |
| Dividends & Interest | $87,719 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,540 |
| Capital Gain Net Income | $15,540 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $35,935 |
| Total Revenue | $156,791 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,204 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $541 |
| Printing and publications | $0 |
| Other expenses | $47,391 |
| Total operating and administrative expenses | $83,046 |
| Contributions, gifts, grants paid | $264,728 |
| Total expenses and disbursements | $347,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $315,830 |
| 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 | $1,008,037 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,571,603 |
| 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, Morris & Sylvia Trachten Family Foundation has awarded $264,728 in support to 83 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICA GIVES INC PURPOSE: GENERAL & UNRESTRICTED | $3,600 |
AMERICAN FRIENDS OF JORDAN RIVER VILLAGE FOUNDATIO PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
70 FACES MEDIA INC PURPOSE: GENERAL & UNRESTRICTED | $360 |
AMERICAN FRIENDS OF NATAL INC PURPOSE: GENERAL & UNRESTRICTED | $360 |
AMERICAN FRIENDS OF THE PARENTS CIRCLE FAMILIES FO PURPOSE: GENERAL & UNRESTRICTED | $500 |
AMERICAN NATIONAL RED CROSS PURPOSE: FAMILIES WHO HAVE SUFFERED NATIONALLY FROM TORNADOES, HURRICANES, AND FIRES FOR 2023 FUND | $3,600 |