Mary L Medlock Tr
- Assets
- $7.7m
- Revenue
- $523.8k
- Investments
- $7.6m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 12/2008
- Data as of
- 12/2023
- EIN
- 36-6034925
Organization Overview
Mary L Medlock Tr is located in Chicago, IL. The organization was established in 2008. 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. Mary L Medlock 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 12/2023, Mary L Medlock Tr generated $523.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $437.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mary L Medlock Tr has awarded 59 individual grants totaling $3,602,084. 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 | $261,905 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $261,911 |
| Capital Gain Net Income | $261,911 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $523,816 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $86,333 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,992 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $96,340 |
| Contributions, gifts, grants paid | $341,263 |
| Total expenses and disbursements | $437,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,702 |
| Savings and temporary cash investments | $100,466 |
| 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 | $459,433 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,688,712 |
| 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, Mary L Medlock Tr has awarded $341,263 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
THE ART INSTITUTE OF CHICAGO PURPOSE: GENERAL | $50,339 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL | $50,339 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL | $33,559 |
GLENWOOD SCHOOL FOR BOYS PURPOSE: GENERAL | $37,152 |
RESPIRATORY HLTH ASSOC OF M CHICAGO PURPOSE: GENERAL | $50,339 |
ILLINOIS SOCIETY FOR THE PREVENTION PURPOSE: GENERAL | $50,339 |