Thomas Lyle Williams Trust
- Assets
- $144.2m
- Revenue
- $5.0m
- Investments
- $113.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1978
- Data as of
- 12/2023
- EIN
- 36-6673112
Organization Overview
Thomas Lyle Williams Trust is located in New York, NY. The organization was established in 1978. According to its NTEE Classification (P24) the organization is classified as: Salvation Army, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thomas Lyle Williams Trust 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, Thomas Lyle Williams Trust generated $5.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $11.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Thomas Lyle Williams Trust has awarded 18 individual grants totaling $54,885,619. 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 |
|---|---|---|---|
Alston P Watt Co-Trustee | 2 | $43,811 | |
Ashlyn E Williams Co-Trustee | 2 | $43,811 | |
Bessemer Trust Company Na Co-Trustee | 10 | $175,232 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Select Equity Group Inc | 12/30/23 | $105,333 |
Southeast Asset Advisors Inc | 12/30/23 | $102,426 |
John W Bristol & Co | 12/30/23 | $87,283 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,674,969 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,278,942 |
| Capital Gain Net Income | $2,220,594 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,953,911 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $262,854 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $124,974 |
| Taxes | $153,798 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $133,882 |
| Total operating and administrative expenses | $2,034,018 |
| Contributions, gifts, grants paid | $9,709,826 |
| Total expenses and disbursements | $11,743,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,833,041 |
| Net Accounts receivable | $90,039 |
| 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 | $15,895,742 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $24,282,980 |
| Total assets | $144,179,497 |
| 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, Thomas Lyle Williams Trust has awarded $9,709,826 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CARE INC PURPOSE: GENERAL EXEMPT PURPOSE | $6,472,974 |
CHARITABLE CONTRIBUTIONS FROM PARTNERSHIPS PURPOSE: GENERAL EXEMPT PURPOSE | $365 |
SALVATION ARMY PURPOSE: GENERAL EXEMPT PURPOSE | $3,236,487 |