The Magnificent-Man Perpetual Gift Trust
- Assets
- $837.1k
- Revenue
- $35.6k
- Investments
- $794.6k
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 08/2011
- Data as of
- 12/2022
- EIN
- 30-6186654
Organization Overview
The Magnificent-Man Perpetual Gift Trust is located in Las Vegas, NV. The organization was established in 2011. 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. Magnificent-Man Perpetual Gift Trust 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 12/2022, Magnificent-Man Perpetual Gift Trust generated $35.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $89.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Magnificent-Man Perpetual Gift Trust has awarded 12 individual grants totaling $264,861. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Landers Co Trustee | 5 | $5,188 | |
Wells Fargo Bank N A Trustee | 1 | $14,794 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $31,790 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,652 |
| Capital Gain Net Income | $3,652 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $131 |
| Total Revenue | $35,573 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,982 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,152 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $23,247 |
| Contributions, gifts, grants paid | $65,772 |
| Total expenses and disbursements | $89,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,459 |
| 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 | $794,609 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $837,068 |
| 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, The Magnificent-Man Perpetual Gift Trust has awarded $65,772 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GROWING LEADERS INC PURPOSE: GENERAL OPERATING | $16,443 |
PRAISE MINISTRY INC PURPOSE: CHARITABLE PURPOSE | $32,886 |
ORAL ROBERTS UNIVERSITY PURPOSE: GENERAL OPERATING | $16,443 |