Mercedes Hoag Charitable Trust No 89135
- Assets
- $1.0m
- Revenue
- $104.4k
- Investments
- $534.5k
- Employees
- 0
- Location
- Mattoon, IL
- Founding
- 05/1991
- Data as of
- 06/2023
- EIN
- 37-1255778
Organization Overview
Mercedes Hoag Charitable Trust No 89135 is located in Mattoon, IL. The organization was established in 1991. 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. Mercedes Hoag Charitable Trust No 89135 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 06/2023, Mercedes Hoag Charitable Trust No 89135 generated $104.4k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $166.8k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Mercedes Hoag Charitable Trust No 89135 has awarded 39 individual grants totaling $420,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO ORGANIZATIONS AS LISTED ON PART XIV
TRUSTEE FEES - 3,194
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fmwm Co Trustee Fees Trustee | 1 | $9,582 | |
Fmwm Co Management Fees Trustee | 1 | $4,928 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,333 |
| Dividends & Interest | $14,561 |
| Net Rental Income | $71,930 |
| Net Gain on Sale of Assets | $5,342 |
| Capital Gain Net Income | $5,342 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $104,358 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,510 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,097 |
| Depreciation | $224 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,983 |
| Total operating and administrative expenses | $26,814 |
| Contributions, gifts, grants paid | $140,000 |
| Total expenses and disbursements | $166,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $104,206 |
| 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 | $362,646 |
| Investments—mortgage loans | $0 |
| Investments—other | $493,371 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,001,345 |
| 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, Mercedes Hoag Charitable Trust No 89135 has awarded $140,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
DIOCESE OF SPRINGFIELD PURPOSE: OPERATING EXPENSES | $21,000 |
CALVARY CEMETERY PURPOSE: OPERATING EXPENSES | $14,000 |
CAMP NEW HOPE PURPOSE: OPERATING EXPENSES | $2,100 |
COLES CO COUNCIL ON AGING PURPOSE: OPERATING EXPENSES | $2,100 |
IMMACULATE CONCEPTION CHURCH PURPOSE: OPERATING EXPENSES/SPECIAL OFFERINGS | $21,000 |
KNIGHTS OF COLUMBUS 1057 PURPOSE: CHARITABLE PROJECTS | $10,500 |