Joan W Cress Charitable Tr
- Assets
- $1.2m
- Revenue
- $72.9k
- Investments
- $1.2m
- Employees
- 0
- Location
- Lexington, SC
- Founding
- 05/2008
- Data as of
- 12/2022
- EIN
- 33-6361815
Organization Overview
Joan W Cress Charitable Tr is located in Lexington, SC. The organization was established in 2008. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Joan W Cress Charitable Tr 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, Joan W Cress Charitable Tr generated $72.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $89.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Joan W Cress Charitable Tr has awarded 40 individual grants totaling $323,252. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT DONATIONS TO OTHER 501C3 CHARITIES ALL LISTED ON SCH XV
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew R Cress Trustee | 1 | $1,000 | |
Cynthia J Nipper Trustee | 1 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $197 |
| Dividends & Interest | $23,918 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,786 |
| Capital Gain Net Income | $1,705 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $72,901 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,282 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,108 |
| Total operating and administrative expenses | $21,390 |
| Contributions, gifts, grants paid | $68,522 |
| Total expenses and disbursements | $89,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $1,162,403 |
| 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 | $2,017 |
| Total liabilities | $2,017 |
Grants Awarded
Over the last fiscal year, Joan W Cress Charitable Tr has awarded $68,522 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
SAMARITANS PURSE PURPOSE: GENERAL | $6,953 |
PRISON FELLOWSHIP PURPOSE: GENERAL | $6,951 |
DOCTORSW WITHOUT BORDERS PURPOSE: GENERAL | $6,951 |
RAFIKI FOUNDATION PURPOSE: GENERAL | $6,951 |
HOSPICE OF LANSING INC PURPOSE: GENERAL | $6,951 |
GREATER LANSING FOOD BANK PURPOSE: GENERAL | $6,951 |