Frederick R Benson Trust
- Assets
- $1.5m
- Revenue
- $58.3k
- Investments
- $1.4m
- Employees
- 0
- Location
- Terre Haute, IN
- Founding
- 08/1953
- Data as of
- 12/2022
- EIN
- 35-6011748
Organization Overview
Frederick R Benson Trust is located in Terre Haute, IN. The organization was established in 1953. 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. Frederick R Benson 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 12/2022, Frederick R Benson Trust generated $58.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $103.3k during the year ending 12/2022. While expenses have increased by 3.1% per year over the past 4 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 2020, Frederick R Benson Trust has awarded 154 individual grants totaling $246,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $984 |
| Dividends & Interest | $23,232 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,102 |
| Capital Gain Net Income | $34,102 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,318 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,115 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,421 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $18,261 |
| Contributions, gifts, grants paid | $85,000 |
| Total expenses and disbursements | $103,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $716 |
| Savings and temporary cash investments | $19,932 |
| 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 | $1,442,558 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,463,206 |
| 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, Frederick R Benson Trust has awarded $85,000 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
14TH & CHESTNUT COMMUNITY CENTER PURPOSE: GENERAL SUPPORT | $1,000 |
AMERICAN RED CROSS OF THE WABASH VALLEY PURPOSE: GENERAL SUPPORT | $28,333 |
ART SPACES INC PURPOSE: GENERAL SUPPORT | $480 |
BIG BROTHERS BIG SISTERS WABASH VALLEY PURPOSE: GENERAL SUPPORT | $500 |
CANDLES HOLOCAUST MUSEUM PURPOSE: GENERAL SUPPORT | $1,000 |
CATHOLIC CHARITIES PURPOSE: GENERAL SUPPORT | $800 |