Floyd And Garnet Summers Charitable Tr
- Assets
- $273.8k
- Revenue
- $7.6k
- Investments
- $261.2k
- Employees
- 0
- Location
- Muncie, IN
- Founding
- 00/0000
- Data as of
- 12/2023
- EIN
- 35-6646654
Organization Overview
Floyd And Garnet Summers Charitable Tr is located in Muncie, IN. The organization was established in 0000.
For the year ending 12/2023, Floyd And Garnet Summers Charitable Tr generated $7.6k 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 (19.3%) each year. All expenses for the organization totaled $19.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Floyd And Garnet Summers Charitable Tr has awarded 30 individual grants totaling $133,276. 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 | $7,221 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $337 |
| Capital Gain Net Income | $337 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,558 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,014 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29 |
| Total operating and administrative expenses | $6,920 |
| Contributions, gifts, grants paid | $12,950 |
| Total expenses and disbursements | $19,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,316 |
| Net Accounts receivable | $316 |
| 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 | $273,783 |
| 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, Floyd And Garnet Summers Charitable Tr has awarded $12,950 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNTAIN PARK CEMETERY ASSOCIATION PURPOSE: GENERAL | $10,000 |
LYNN COMMUNITY FOOD PANTY PURPOSE: GENERAL | $2,250 |
RANDOLPH COUNTY LITERACY COALITION INC PURPOSE: GENERAL | $700 |