Livingston Trout & Mellinger Medical Research Fund
- Assets
- $533.1k
- Revenue
- $28.6k
- Investments
- $522.8k
- Employees
- 0
- Location
- Lancaster, PA
- Founding
- 07/1993
- Data as of
- 02/2024
- EIN
- 23-7660671
Organization Overview
Livingston Trout & Mellinger Medical Research Fund is located in Lancaster, PA. The organization was established in 1993. 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. Livingston Trout & Mellinger Medical Research 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 02/2024, Livingston Trout & Mellinger Medical Research Fund generated $28.6k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $37.7k during the year ending 02/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Livingston Trout & Mellinger Medical Research Fund has awarded 16 individual grants totaling $120,273. 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 |
|---|---|---|---|
Fulton Bank N A Co-Trustee | 10 | $5,350 | |
John S May Esquire Co-Trustee | 3 | $1,337 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,965 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,554 |
| Capital Gain Net Income | $12,554 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $95 |
| Total Revenue | $28,614 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,687 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $199 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,886 |
| Contributions, gifts, grants paid | $30,775 |
| Total expenses and disbursements | $37,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,281 |
| 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 | $522,804 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $533,085 |
| 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, Livingston Trout & Mellinger Medical Research Fund has awarded $30,775 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
LANCASTER CLEFT PALATE CLINIC PURPOSE: MEDICAL RESEARCH | $15,000 |
BARSHINGER CANCER INSTITUTE PURPOSE: MEDICAL RESEARCH | $10,000 |
LANKENAU INSTITUTE FOR PURPOSE: MEDICAL RESEARCH | $10,032 |
ALICE LIVINGSTON TROUT FAMILY FUND PURPOSE: CHARITABLE NEEDS | -$10,000 |
PENN STATE COLLEGE OF MEDICINE PURPOSE: MEDICAL RESEARCH | $5,743 |