Elmer M Baney Residuary Trust is located in Hermitage, PA. The organization was established in 0000.
For the year ending 12/2022, Elmer M Baney Residuary Trust generated $5.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $8.4k during the year ending 12/2022. While expenses have increased by 0.6% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYS NET INCOME TO 3 CHARITIES
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,683 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,325 |
| Capital Gain Net Income | $2,325 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,008 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $760 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $569 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,341 |
| Contributions, gifts, grants paid | $5,031 |
| Total expenses and disbursements | $8,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,850 |
| 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 | $116,762 |
| 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 |
Over the last fiscal year, Elmer M Baney Residuary Trust has awarded $5,031 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
EPWORTH MANOR PURPOSE: MAINTENANCE & SUPPORT | $1,677 |
TYRONE HOSPITAL PURPOSE: GENERAL FUND | $1,677 |
METHODIST CHURCH OF PURPOSE: GENL WELFARE & PROPAGATION | $1,677 |