Andrew Squire Testamentary Tr
- Assets
- $55.2m
- Revenue
- $2.8m
- Investments
- $55.2m
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 12/1970
- Data as of
- 12/2020
- EIN
- 34-6506892
Organization Overview
Andrew Squire Testamentary Tr is located in Brooklyn, OH. The organization was established in 1970. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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. Andrew Squire Testamentary 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 12/2020, Andrew Squire Testamentary Tr generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
UNDER THE TERMS OF THE WILL AND CODICILS OF ANDREW SQUIRE WHO DIED JANUARY 5, 1934, THE TRUSTEES ARE DIRECTED TO MAKE GRANTS TO CASE WESTERN RESERVE UNIVERSITY. GRANTS ARE TO BE USED IN PRESERVING ,MAINTAINING AND OPERATING SQUIRE FARM, ONE OF THE PROPERTIES AND EDUCATIONAL FUNCTIONS OF THE UNIVERSITY AND TO THE EXTENT GRANTS ARE NOT NEEDED FOR SUCH PURPOSE, THEN TO BE USE BY THE UNIVERSITY FOR THE BENEFIT OF FLORA STONE MATHER COLLEGE OF SAID UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS TRUST DISTRIBUTES ITS INCOME TO CASE WESTERN RESERVE UNIVERSITY FOR THE BENEFIT OF SQUIRE FARM AND MATHER COLLEGE. UNDER THE OHIO INSTITUTIONAL TRUST FUNDS ACTOF 1999, THE BENEFICIARY HAS CHOSEN TO RECEIVE THE MAXIMUM OF INCOME BASED ON THE GREATER OF 5% OF AFV OR TRADITIONAL INCOME. KEYBANK MAINTAINS A RESPONSIVENESS TO THE NEEDS AND ACTIVITIES OF THE BENEFICIARY ORGANIZATION IN THE ATTAINMENT OF ITS MISSION.
GRANT PAID TO CLEVELAND BOTANICAL GARDEN ARE FOR GENERAL SUPPORT OF THE GARDEN IN MEMORY OF ELEANOR SQUIRE'S COLLECTION OF GARDENING BOOKS WHICH INSPIRED THE FOUNDING OF THE GARDEN CENTER OF GREATER CLEVELAND, NOW KNOWN AS THE BOTANICAL GARDENS ALSO UTILIZED FOR EDUCATIONAL PURPOSES BY CASE WESTERN RESERVE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Co-Trustee | 4 | $364,009 | |
Allen H Ford Co-Trustee | Trustee | 1 | $0 |
David Hunt Co-Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $614,897 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,124,553 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,759,650 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,394,972 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $312,536 |
| Compensation of current officers, directors, key employees. | $312,536 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $16,355 |
| Total functional expenses | $3,725,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $55,206,124 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $55,206,125 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $55,206,125 |
| Total liabilities and net assets/fund balances | $55,206,125 |
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