Frederick Henry Prince Testamentary Trust
- Assets
- $100.7m
- Revenue
- $5.4m
- Investments
- $99.2m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/1900
- Data as of
- 12/2022
- EIN
- 36-6009208
Organization Overview
Frederick Henry Prince Testamentary Trust is located in Chicago, IL. The organization was established in 1900. 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.
For the year ending 12/2022, Frederick Henry Prince Testamentary Trust generated $5.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $6.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Frederick Henry Prince Testamentary Trust has awarded 1,777 individual grants totaling $33,455,461. 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 |
|---|---|---|---|
Name Not Listed CFO | 35 | $153,167 | |
Name Not Listed Trustee | 2.5 | $35,000 | |
Name Not Listed Trustee | 2.5 | $35,000 | |
Name Not Listed Executive Director | 35 | $213,639 | |
Benna Wilde Director Of Arts | 25 | $171,699 | |
Carolynn Brunette Managing Director | 35 | $186,535 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Julia Baer | 12/30/18 | $69,360 |
Leonard Berman | 12/30/18 | $62,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,904,007 |
| Capital Gain Net Income | $2,904,007 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,450,385 |
| Total Revenue | $5,354,392 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $70,000 |
| Other employee salaries and wages | $616,021 |
| Pension plans, employee benefits | $186,518 |
| Interest | $0 |
| Taxes | $144,801 |
| Depreciation | $11,792 |
| Occupancy | $108,926 |
| Travel, conferences, and meetings | $43,434 |
| Printing and publications | $0 |
| Other expenses | $136,283 |
| Total operating and administrative expenses | $1,593,946 |
| Contributions, gifts, grants paid | $4,772,393 |
| Total expenses and disbursements | $6,366,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,424,754 |
| Savings and temporary cash investments | $31,211 |
| 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 | $9,781 |
| Net Investments - land, buildings, equipment | $45,685 |
| Investments—mortgage loans | $0 |
| Investments—other | $99,170,057 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $100,681,488 |
| Accounts payable and accrued expenses | $85,200 |
| 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 | $85,200 |
Grants Awarded
Over the last fiscal year, Frederick Henry Prince Testamentary Trust has awarded $4,772,393 in support to 216 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS LIVING OF METROPOLITAN CHICAGO PURPOSE: CESSA IMPLEMENTATION | $30,000 |
ALLENDALE ASSOCIATION INC PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
ALLIANCE FOR GLOBAL JUSTICE PURPOSE: AS FISCAL SPONSOR OF ASSATA'S DAUGHTER FOR GENERAL OPERATING SUPPORT | $15,000 |
ALLEN-CHASE FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
ALTERNATIVES INCORPORATED PURPOSE: SUPPORT PATH PROGRAM | $25,000 |
AMALGAMATED CHARITABLE FOUNDATIONS INC PURPOSE: ALL VOTING IS LOCAL | $50,000 |