Katherine E Parrett Trust
- Assets
- $983.4k
- Revenue
- $146.0k
- Investments
- $713.9k
- Employees
- 0
- Location
- Washington Ch, OH
- Founding
- 08/1974
- Data as of
- 12/2023
- EIN
- 31-6154255
Organization Overview
Katherine E Parrett Trust is located in Washington Ch, OH. 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. Katherine E Parrett 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, Katherine E Parrett Trust generated $146.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $94.5k during the year ending 12/2023. While expenses have increased by 12.0% 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, Katherine E Parrett Trust has awarded 14 individual grants totaling $110,000. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert S Herron Trustee | 0 | $0 | |
John H Peterson Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,843 |
| Dividends & Interest | $18,346 |
| Net Rental Income | $11,645 |
| Net Gain on Sale of Assets | $7,735 |
| Capital Gain Net Income | $89 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $51,096 |
| Total Revenue | $145,960 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,054 |
| Depreciation | $0 |
| Occupancy | $16,286 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $44,068 |
| Total operating and administrative expenses | $76,036 |
| Contributions, gifts, grants paid | $18,500 |
| Total expenses and disbursements | $94,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,930 |
| Savings and temporary cash investments | $72,036 |
| 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 | $120,605 |
| Other assets | $0 |
| Total assets | $983,444 |
| 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, Katherine E Parrett Trust has awarded $18,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MIAMI TRACE SCHOOLS PURPOSE: SCHOLARSHIP | $6,000 |
WASHINGTON CH CITY SCHOOLS PURPOSE: SCHOLARSHIP | $10,000 |
FAYETTE CHRISTIAN SCHOOL PURPOSE: SCHOLARSHIP | $2,500 |