Lucy & Emily Beasley Charitable Tr
- Assets
- $6.3m
- Revenue
- $452.3k
- Investments
- $6.2m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 02/1982
- Data as of
- 09/2023
- EIN
- 34-1350747
Organization Overview
Lucy & Emily Beasley Charitable Tr is located in Cleveland, OH. The organization was established in 1982. 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. Lucy & Emily Beasley 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 09/2023, Lucy & Emily Beasley Charitable Tr generated $452.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $474.4k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Lucy & Emily Beasley Charitable Tr has awarded 117 individual grants totaling $2,017,000. 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 |
|---|---|---|---|
A Russell Smith Board Member | 2 | $13,000 | |
Howard W Cable Jr Trustee | 3 | $67,404 | |
Gay W Cable Board Member | 2 | $13,000 | |
Howard W Cable III Board Member | 2 | $13,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $242,721 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $209,533 |
| Capital Gain Net Income | $209,533 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $452,254 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $106,404 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,025 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $159,364 |
| Contributions, gifts, grants paid | $315,000 |
| Total expenses and disbursements | $474,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,899 |
| 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 | $352,135 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,315,218 |
| 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, Lucy & Emily Beasley Charitable Tr has awarded $315,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS PURPOSE: GENERAL | $20,000 |
AKRON ROTARY FOUNDATION PURPOSE: ROTARY HANDICAPPED CHILDREN'S CAMP | $10,000 |
AKRON ZOO PURPOSE: GENERAL | $10,000 |
ARDMORE FOUNDATION INC PURPOSE: GENERAL | $10,000 |
BATTERED WOMEN'S SHELTER PURPOSE: GENERAL | $15,000 |
BOYS AND GIRLS CLUB OF THE WESTERN RESERVE PURPOSE: GENERAL | $40,000 |