Quarrie Charitable Tr 2 William F Mabel & Margaret K
- Assets
- $5.2m
- Revenue
- $262.0k
- Investments
- $5.1m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 03/1978
- Data as of
- 12/2022
- EIN
- 36-6646474
Organization Overview
Quarrie Charitable Tr 2 William F Mabel & Margaret K is located in Chicago, IL. The organization was established in 1978. 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. Quarrie Charitable Tr 2 William F Mabel & Margaret K 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, Quarrie Charitable Tr 2 William F Mabel & Margaret K generated $262.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $448.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Quarrie Charitable Tr 2 William F Mabel & Margaret K has awarded 12 individual grants totaling $1,285,870. 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 | $150,631 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $111,367 |
| Capital Gain Net Income | $111,367 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $261,998 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $49,911 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,365 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $48 |
| Total operating and administrative expenses | $91,833 |
| Contributions, gifts, grants paid | $356,751 |
| Total expenses and disbursements | $448,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $122,874 |
| 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 | $170,065 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,189,189 |
| 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, Quarrie Charitable Tr 2 William F Mabel & Margaret K has awarded $356,751 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBIA-PRESBYTERIAN PURPOSE: GENERAL | $174,808 |
CHICAGO COMMUNITY TRUST PURPOSE: GENERAL | $174,808 |
ART INSTITUTE OF CHICAGO PURPOSE: GENERAL | $7,135 |