Boynton-Gillespie Memorial Fund
- Assets
- $2.3m
- Revenue
- $141.8k
- Investments
- $2.2m
- Employees
- 0
- Location
- Sparta, IL
- Founding
- 08/1965
- Data as of
- 12/2022
- EIN
- 37-6028930
Organization Overview
Boynton-Gillespie Memorial Fund is located in Sparta, IL. The organization was established in 1965. According to its NTEE Classification (X21) the organization is classified as: Protestant, 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. Boynton-Gillespie Memorial Fund 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, Boynton-Gillespie Memorial Fund generated $141.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $131.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRINITY UNITED PRESBYTERIAN CHURCH
COLLEGE SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Clendenin Trustee | 3 | $6,650 | |
Richard Reid Trustee | 1 | $6,650 | |
Georgeann Henderson Trustee | 1 | $6,650 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $114,467 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,316 |
| Capital Gain Net Income | $27,316 |
| Net ST Capital Gain | $1,986 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $141,783 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,950 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,782 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,425 |
| Total operating and administrative expenses | $27,807 |
| Contributions, gifts, grants paid | $103,200 |
| Total expenses and disbursements | $131,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,092 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $6,800 |
| 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 | $1,800 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,191,980 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,251,922 |
| Accounts payable and accrued expenses | $24,600 |
| 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 | $24,600 |
Grants Awarded
Over the last fiscal year, Boynton-Gillespie Memorial Fund has awarded $103,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TRINITY UNITED PRESBYTERIAN CHURCH PURPOSE: UNRESTRICTED | $52,000 |
COLLEGE STUDENTS-SEE LIST PURPOSE: UNRESTRICTED | $51,200 |