Lucile Coghlan Mccormick Memorial Trust
- Assets
- $382.4k
- Revenue
- $29.2k
- Investments
- $82.1k
- Employees
- 0
- Location
- Fargo, ND
- Founding
- 09/1988
- Data as of
- 12/2021
- EIN
- 36-6874755
Organization Overview
Lucile Coghlan Mccormick Memorial Trust is located in Fargo, ND. The organization was established in 1988. 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. Lucile Coghlan Mccormick Memorial 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 12/2021, Lucile Coghlan Mccormick Memorial Trust generated $29.2k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $29.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maurice G Mccormick Trustee | 0.4 | $0 | |
Tom D Mccormick Trustee | 0 | $0 | |
Steve D Mccormick Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $22 |
| Dividends & Interest | $1,379 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $19,774 |
| Net ST Capital Gain | $19,774 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,201 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $684 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $684 |
| Contributions, gifts, grants paid | $29,000 |
| Total expenses and disbursements | $29,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $104,300 |
| 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 | $196,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $82,100 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $382,400 |
| 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, Lucile Coghlan Mccormick Memorial Trust has awarded $29,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ST PAULS NEWMAN CENTER PURPOSE: RELIGIOUS | $10,000 |
FRIENDS OF CHIMBOTE PURPOSE: CHARITABLE | $5,000 |
Fargo, ND PURPOSE: CHARITABLE | $5,000 |
ST MARY'S HIGH SCHOOL PURPOSE: EDUCATION | $1,000 |
PRESENTATION SISTERS PURPOSE: RELIGIOUS | $1,000 |
CARMEL OF MARY PURPOSE: RELIGIOUS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
David And Janis Larson Foundation Minneapolis, MN | $131,263,001 | -$404,078 |
The Jennings Family Foundation Edina, MN | $20,317,059 | $4,027,228 |
Rob and Terry Ryan Foundation (MONTANA) INC Hamilton, MT | $0 | $1,856,642 |
Kaena Foundation Minneapolis, MN | $0 | $2,288,902 |
K A H R Foundation Minnetrista, MN | $0 | $2,779,843 |
The Mortenson Family Foundation Minneapolis, MN | $135,941,290 | $34,670,895 |
Northeast Entrepreneur Fund Inc Duluth, MN | $61,578,010 | $11,454,205 |
Wem 2000 Foundation Minneapolis, MN | $94,111,129 | $6,290,419 |
Michael D And Susan H Arnesonfamily Foundation Inc Gallatin Gateway, MT | $0 | $612,050 |
North Dakota Natural Resources Trust Inc Bismarck, ND | $40,272,608 | $8,625,050 |
Cross Charitable Foundation Inc Bozeman, MT | $59,251,378 | $4,939,274 |
Tykeson Fam Charitable Tr Ovando, MT | $84,261,165 | $6,505,228 |