Lela E Powers Tr
- Assets
- $482.2k
- Revenue
- $157.0k
- Investments
- $227.3k
- Employees
- 0
- Location
- Muncie, IN
- Founding
- 00/0000
- Data as of
- 12/2023
- EIN
- 35-6039274
Organization Overview
Lela E Powers Tr is located in Muncie, IN. The organization was established in 0000.
For the year ending 12/2023, Lela E Powers Tr generated $157.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $253.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Lela E Powers Tr has awarded 36 individual grants totaling $810,302. 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 | $0 |
| Dividends & Interest | $12,009 |
| Net Rental Income | $70,681 |
| Net Gain on Sale of Assets | $60,523 |
| Capital Gain Net Income | $60,523 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $156,950 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $29,973 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,231 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $417 |
| Total operating and administrative expenses | $47,987 |
| Contributions, gifts, grants paid | $205,169 |
| Total expenses and disbursements | $253,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,908 |
| Savings and temporary cash investments | $152,271 |
| Net Accounts receivable | $812 |
| 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 | $97,908 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $925 |
| Total assets | $482,172 |
| 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, Lela E Powers Tr has awarded $205,169 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ADVENT MISSION SOCIETY PURPOSE: GENERAL FUND | $20,517 |
AMERICAN BIBLE SOCIETY PURPOSE: GENERAL FUND | $30,775 |
LAFAYETTE YMCA PURPOSE: GENERAL FUND | $20,517 |
MOODY BIBLE INSTITUTE PURPOSE: GENERAL FUND | $41,034 |
SALVATION ARMY PURPOSE: GENERAL FUND | $20,517 |
WABASH COLLEGE PURPOSE: SCHOLARSHIPS | $71,809 |