Dennis & Sara Trachsel Foundation
- Assets
- $5.3m
- Revenue
- $151.8k
- Investments
- $4.7m
- Employees
- 0
- Location
- Marion, OH
- Founding
- 01/1997
- Data as of
- 12/2023
- EIN
- 31-1472824
Organization Overview
Dennis & Sara Trachsel Foundation is located in Marion, OH. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dennis & Sara Trachsel 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 12/2023, Dennis & Sara Trachsel Foundation generated $151.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $284.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Dennis & Sara Trachsel Foundation has awarded 195 individual grants totaling $2,258,842. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MANAGES FINANCIAL INVESTMENTS PREVIOUSLY CONTRIBUTED. THE INVESTMENT INCOME IS DISTRIBUTED TO INDIVIDUALS IN THE FORM OF SCHOLARSHIPS OR TO EDUCATIONAL INSTITUTIONS/ORGANIZATIONS TO FUND SPECIAL PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Hall Trustee | 10 | $20,000 | |
James Waddell Trustee | 10 | $20,000 | |
Jonathan Williamson Trustee | 10 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $207 |
| Dividends & Interest | $119,526 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,067 |
| Capital Gain Net Income | $31,217 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $39 |
| Total Revenue | $151,839 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,374 |
| Depreciation | $0 |
| Occupancy | $8,250 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $146 |
| Total operating and administrative expenses | $98,288 |
| Contributions, gifts, grants paid | $186,635 |
| Total expenses and disbursements | $284,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $659,964 |
| 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 | $1,869,141 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,317,159 |
| 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, Dennis & Sara Trachsel Foundation has awarded $186,635 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
HAYDEN HOUPT PURPOSE: TUITION AND BOOKS | $5,000 |
LANIEY SMITH PURPOSE: TUITION AND BOOKS | $5,000 |
AUSTIN MICHAEL TAYLOR PURPOSE: TUITION AND BOOKS | $5,000 |
NOAH DAUGHERTY PURPOSE: TUITION AND BOOKS | $5,000 |
SKYLER HONAKER PURPOSE: TUITION AND BOOKS | $5,000 |
REBEKAH MUSELIN PURPOSE: TUITION AND BOOKS | $5,000 |