William N Gilman Trust is located in Wenona, IL. The organization was established in 1995. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William N Gilman 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, William N Gilman Trust generated $89.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $92.3k during the year ending 12/2023. While expenses have increased by 5.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
INCOME GENERATED BY THE TRUST IS DISTRIBUTED TO ST. JOHN UNITED METHODIST CHURCH OF WENONA, ILLINOIS TO PROVIDE FUNDS FOR THE GENERAL WELFARE AND OPERATING EXPENSES OF THE CHURCH
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $89,627 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $89,627 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $550 |
| Professional fees and other payments to independent contractors | $650 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $31,058 |
| Total expenses | $92,258 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $95,791 |
| Other assets | $0 |
| Total assets | $404,265 |
| Total liabilities | $0 |
| Net assets or fund balances | $404,265 |