Dr Neil & Elaine Trotman Family Foundation
- Assets
- $690.0k
- Revenue
- $39.5k
- Investments
- $662.0k
- Employees
- 0
- Location
- Fortine, MT
- Founding
- 04/2008
- Data as of
- 06/2022
- EIN
- 26-1167161
Organization Overview
Dr Neil & Elaine Trotman Family Foundation is located in Fortine, MT. The organization was established in 2008. 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. Dr Neil & Elaine Trotman 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.
For the year ending 06/2022, Dr Neil & Elaine Trotman Family Foundation generated $39.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $201.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Dr Neil & Elaine Trotman Family Foundation has awarded 22 individual grants totaling $212,305. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATION TO MAYO CLINIC FOR ALZHEIMER'S DISEASE RESEARCH.
DONATION TO AGELESS AVIATION DREAMS FOUNDATION TO PROVIDE DREAM FLIGHTS FOR SENIORS AND US MILITARY VETERANS LIVING IN LONG-TERM CARE COMMUNITIES.
DONATION TO ST. JUDE CHILDREN'S RESEARCH HOSPITAL FOR MEDICAL RESEARCH AND CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lea Ann Trotman Smith President | 20 | $75,000 | |
Kenneth N Trotman Treasurer | 17 | $75,000 | |
Elaine G Trotman Chairperson | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,495 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,955 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $39,450 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $11,610 |
| Interest | $0 |
| Taxes | $20 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,488 |
| Printing and publications | $0 |
| Other expenses | $124 |
| Total operating and administrative expenses | $166,758 |
| Contributions, gifts, grants paid | $35,126 |
| Total expenses and disbursements | $201,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,344 |
| Savings and temporary cash investments | $12,661 |
| 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 | $1,000 |
| Total assets | $689,973 |
| 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, Dr Neil & Elaine Trotman Family Foundation has awarded $35,126 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Rochester, MN PURPOSE: ALZHEIMER'S DISEASE RESEARCH | $20,000 |
ST JUDE'S CHILDREN'S RESEARCH HOSP PURPOSE: MEDICAL RESEARCH | $9,000 |
Carson City, NV PURPOSE: DREAM FLIGHT SPONSORSHIP | $6,126 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holland M Ware Charitable Foundation Eagle, ID | $219,618,856 | $24,900,954 |
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Larson Foundation Sioux Falls, SD | $23,259,212 | -$633,184 |
John T Vucurevich Foundation Rapid City, SD | $151,565,692 | $20,798,188 |
Greg Carr Foundation Inc Idaho Falls, ID | $40,032,587 | $6,894,106 |
Rob and Terry Ryan Foundation (MONTANA) INC Hamilton, MT | $0 | $1,856,642 |
Michael D And Susan H Arnesonfamily Foundation Inc Gallatin Gateway, MT | $0 | $612,050 |
North Dakota Natural Resources Trust Inc Bismarck, ND | $40,272,608 | $8,625,050 |
Allen Wyoming Foundation Inc Cody, WY | $22,700,817 | $3,733,473 |
Mcm Foundation Inc Boise, ID | $0 | $21,729 |
Cross Charitable Foundation Inc Bozeman, MT | $59,251,378 | $4,939,274 |
Tykeson Fam Charitable Tr Ovando, MT | $84,261,165 | $6,505,228 |