William R Lathers Charitable Trust
- Assets
- $1.5m
- Revenue
- $81.7k
- Investments
- $1.4m
- Employees
- 0
- Location
- Mears, MI
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 26-6337639
Organization Overview
William R Lathers Charitable Trust is located in Mears, MI. The organization was established in 0000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 12/2022, William R Lathers Charitable Trust generated $81.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 46.2% each year . All expenses for the organization totaled $129.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, William R Lathers Charitable Trust has awarded 69 individual grants totaling $488,000. 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 |
|---|---|---|---|
Janet Lathers Trustee | 0 | $2,500 | |
S Dale Lathers Trustee | 0 | $7,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $104 |
| Dividends & Interest | $57,903 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,317 |
| Capital Gain Net Income | $22,317 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,419 |
| Total Revenue | $81,743 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,373 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,538 |
| Total operating and administrative expenses | $24,506 |
| Contributions, gifts, grants paid | $105,000 |
| Total expenses and disbursements | $129,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $123,245 |
| 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 | $34,363 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,530,305 |
| 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, William R Lathers Charitable Trust has awarded $105,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
HART PUBLIC SCHOOLS PURPOSE: MRS. MULLENS CLOSET | $5,000 |
LEADER DOGS FOR THE BLIND PURPOSE: GENERAL | $3,000 |
LOVE INC PURPOSE: CAPITAL CAMPAIGN | $5,000 |
MARY FREE BED REHAB HOSPITAL PURPOSE: GENERAL | $5,000 |
MEARS UNITED METHODIST CHURCH PURPOSE: GENERAL | $5,000 |
MUSKEGON RESCUE MISSION PURPOSE: GENERAL | $7,000 |