Iddings Benevolent Trust
- Assets
- $11.8m
- Revenue
- $895.6k
- Investments
- $11.4m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/1974
- Data as of
- 12/2023
- EIN
- 31-6135058
Organization Overview
Iddings Benevolent Trust is located in Chicago, IL. The organization was established in 1974. 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. Iddings Benevolent 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 12/2023, Iddings Benevolent Trust generated $895.6k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $866.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Iddings Benevolent Trust has awarded 170 individual grants totaling $2,693,972. 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 | $409,854 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $485,766 |
| Capital Gain Net Income | $485,766 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $895,620 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $116,120 |
| Other employee salaries and wages | $47,333 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,668 |
| Depreciation | $0 |
| Occupancy | $8,386 |
| Travel, conferences, and meetings | $901 |
| Printing and publications | $0 |
| Other expenses | $11,701 |
| Total operating and administrative expenses | $207,775 |
| Contributions, gifts, grants paid | $658,500 |
| Total expenses and disbursements | $866,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,371 |
| Savings and temporary cash investments | $250,065 |
| 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 | $11,786,407 |
| 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, Iddings Benevolent Trust has awarded $658,500 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
DAYTON HABITAT FOR HUMANITY PURPOSE: GENERAL | $10,000 |
DAYTON INTERNATIONAL PEACE MUSEUM PURPOSE: PROGRAM SUPPORT | $7,500 |
CHILDRENS DYSLEXIA CENTERS INC PURPOSE: GENERAL | $10,000 |
ADVOCATES FOR BASIC LEGAL EQUALITY PURPOSE: GENERAL | $20,000 |
VICTORIA THEATRE ASSOCIATION PURPOSE: GENERAL | $7,000 |
GOODWILL EASTER SEALS MIAMI VALLEY PURPOSE: PROGRAM SUPPORT | $10,000 |