Millard F & Beulah M Field Crut Memorial Trust
- Assets
- $302.6k
- Revenue
- $16.7k
- Investments
- $298.1k
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 05/2010
- Data as of
- 12/2022
- EIN
- 31-1493045
Organization Overview
Millard F & Beulah M Field Crut Memorial Trust is located in Lexington, KY. The organization was established in 2010. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Millard F & Beulah M Field Crut Memorial 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, Millard F & Beulah M Field Crut Memorial Trust generated $16.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 37.4% each year . All expenses for the organization totaled $33.1k during the year ending 12/2022. While expenses have increased by 33.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Millard F & Beulah M Field Crut Memorial Trust has awarded 61 individual grants totaling $106,500. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,818 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,863 |
| Capital Gain Net Income | $8,863 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,681 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,977 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,072 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2 |
| Total operating and administrative expenses | $8,051 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $33,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,445 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $302,563 |
| 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, Millard F & Beulah M Field Crut Memorial Trust has awarded $25,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
PARAMOUNT ARTS CENTER PURPOSE: SUPPORT | $3,000 |
HIGHLANDS MUSEUM PURPOSE: SUPPORT | $4,000 |
SHELTER OF HOPE PURPOSE: SUPPORT | $1,500 |
BIG BROTHERS BIG SISTERS OF THE TRISTATE PURPOSE: SUPPORT | $1,500 |
ASHLAND COMMUNITY KITCHEN PURPOSE: GENERAL FUNDING | $3,000 |
KCTCS FOUNDATION PURPOSE: SUPPORT | $2,000 |