Justin F Coressel Charitable Tr
- Assets
- $4.0m
- Revenue
- $544.6k
- Investments
- $3.8m
- Employees
- 0
- Location
- Defiance, OH
- Founding
- 06/1969
- Data as of
- 12/2023
- EIN
- 23-7022234
Organization Overview
Justin F Coressel Charitable Tr is located in Defiance, OH. The organization was established in 1969. 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. Justin F Coressel Charitable Tr 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, Justin F Coressel Charitable Tr generated $544.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $199.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Justin F Coressel Charitable Tr has awarded 182 individual grants totaling $1,537,501. 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 |
|---|---|---|---|
Paul E Moser Trustee | 0.5 | $200 | |
Terry L Melton Trustee | 2 | $200 | |
Mark Hench Trustee | 0.5 | $200 | |
Dan Michel Trustee | 1 | $200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $73,647 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $470,711 |
| Capital Gain Net Income | $470,711 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $208 |
| Total Revenue | $544,566 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,489 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $260 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,404 |
| Contributions, gifts, grants paid | $187,252 |
| Total expenses and disbursements | $199,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,193 |
| Savings and temporary cash investments | $134,151 |
| 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 | $3,983,891 |
| 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, Justin F Coressel Charitable Tr has awarded $187,252 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
DEFIANCE CITY SCHOOLS FOUNDATION PURPOSE: ANNUAL APPEAL | $1,000 |
DEFIANCE COLLEGE PURPOSE: SCHOLARSHIP FUND | $10,000 |
GIRL SCOUTS OF WESTERN OHIO PURPOSE: ANNUAL GENERAL APPEAL | $1,500 |
ST JOHN'S CHURCH PURPOSE: MEMORIAL MASS | $20 |
ST MARY'S CATHOLIC PURPOSE: FOOD PANTRY | $1,500 |
YMCA PURPOSE: ANNUAL CAMPAIGN | $1,000 |