Walter & Audrey Deardoff Memorial Trust Fund
- Assets
- $173.1k
- Revenue
- $105.6k
- Investments
- $38.3k
- Employees
- 0
- Location
- Franklin, OH
- Founding
- 04/1985
- Data as of
- 06/2023
- EIN
- 31-1118082
Organization Overview
Walter & Audrey Deardoff Memorial Trust Fund is located in Franklin, OH. The organization was established in 1985. 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. Walter & Audrey Deardoff Memorial Trust Fund 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 06/2023, Walter & Audrey Deardoff Memorial Trust Fund generated $105.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $122.4k during the year ending 06/2023. 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
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Buchanan Trustee | 15 | $0 | |
Peggy Darragh Jeromos Trustee | 5 | $0 | |
Susan Horner Trustee | 5 | $0 | |
Charlene Newman Executive Director | 40 | $37,036 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $98,179 |
| Interest on Savings | $0 |
| Dividends & Interest | $832 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,618 |
| Total Revenue | $105,629 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $37,036 |
| Other employee salaries and wages | $13,471 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,910 |
| Depreciation | $15,042 |
| Occupancy | $24,760 |
| Travel, conferences, and meetings | $112 |
| Printing and publications | $0 |
| Other expenses | $18,822 |
| Total operating and administrative expenses | $122,350 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $122,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,032 |
| Savings and temporary cash investments | $0 |
| 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 | $56,753 |
| Other assets | $0 |
| Total assets | $173,061 |
| Accounts payable and accrued expenses | $1,071 |
| 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 | $1,071 |