Glenn E Custis Irr Tr Fbo Calvary Baptist Church
- Assets
- $516.8k
- Revenue
- $61.0k
- Investments
- $468.8k
- Employees
- 0
- Location
- Wilmington, OH
- Founding
- 02/2009
- Data as of
- 12/2023
- EIN
- 26-6470913
Organization Overview
Glenn E Custis Irr Tr Fbo Calvary Baptist Church is located in Wilmington, OH. The organization was established in 2009. 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. Glenn E Custis Irr Tr Fbo Calvary Baptist Church 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, Glenn E Custis Irr Tr Fbo Calvary Baptist Church generated $61.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $114.6k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST WAS ESTABLISHED UNDER AN AGREEMENT TO PROVIDE FUNDS FOR THE BENEFIT OF CALVERY BAPTIST CHURCH LOCATED AT 1920 WEST U.S HIGHWAY 22, WILMINGTON, OH (FEIN 31-1102425). TRUSTEE CAN PAY OUT 12% OF THE MARKET VALUE OF THE ACCOUNT AS OF 12/31. THE CHURCH HAS THE RIGHT TO REQUEST THAT AMOUNT UP TO MARCH 31 OF THE FOLLOWING YEAR. THE TRUST DOCUMENT DOES NOT REQUIRE THAT IT BE FOR A SPECIFIC PURPOSE,HOWEVER, THE DOCUMENT DOES REQUIRE THE TRUSTEE TO TAKE INTO ACCOUNT ALL OTHER SOURCES OF INCOME BEFORE MAKING ANY DISCRETIONARY DISTRIBUTIONS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,683 |
| Dividends & Interest | $17,850 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,443 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $60,976 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,393 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,118 |
| Contributions, gifts, grants paid | $103,440 |
| Total expenses and disbursements | $114,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $48,066 |
| 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 | $516,849 |
| 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 |