Leon M Seidel Memorial Trust Fund
- Assets
- $580.5k
- Revenue
- $23.9k
- Investments
- $564.1k
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 02/1981
- Data as of
- 12/2023
- EIN
- 22-6104262
Organization Overview
Leon M Seidel Memorial Trust Fund is located in Las Vegas, NV. The organization was established in 1981. 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 the central organization for a national or regional group of organizations. Leon M Seidel Memorial Trust Fund 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 12/2023, Leon M Seidel Memorial Trust Fund generated $23.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $45.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,558 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,834 |
| Capital Gain Net Income | $2,834 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $490 |
| Total Revenue | $23,882 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,578 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $523 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5 |
| Total operating and administrative expenses | $13,335 |
| Contributions, gifts, grants paid | $32,000 |
| Total expenses and disbursements | $45,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,459 |
| 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 | $435,819 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $580,534 |
| 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, Leon M Seidel Memorial Trust Fund has awarded $32,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
KUSH PRANAV GANDNI PURPOSE: SCHOLARSHIP - MATH AWARD | $4,800 |
SOFIA KLAMA PURPOSE: SCHOLARSHIP - FEMALE | $1,600 |
CHRISTIAN M MONTALVO PURPOSE: SCHOLARSHIP - MALE ATHLETE | $1,600 |
ROHAN PATEL PURPOSE: SCHOLARSHIP - LEON M. | $1,600 |
SAHASRA KORVI PURPOSE: SCHOLARSHIP - LEON M. | $1,600 |
AMERICAN CANCER SOCIETY INC PURPOSE: GENERAL SUPPORT | $3,200 |