Margarette Drake Tr
- Assets
- $79.4k
- Revenue
- $3.2k
- Investments
- $76.7k
- Employees
- 0
- Location
- Paris, IL
- Founding
- 00/0000
- Data as of
- 06/2024
- EIN
- 37-6363057
Organization Overview
Margarette Drake Tr is located in Paris, IL. The organization was established in 0000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 06/2024, Margarette Drake Tr generated $3.2k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $6.4k during the year ending 06/2024. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO CHURCHES NAMED IN TRUST UNDER WILL OF MARGARETTE DRAKE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $85 |
| Dividends & Interest | $1,734 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,369 |
| Capital Gain Net Income | $1,369 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,188 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,257 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $2,055 |
| Contributions, gifts, grants paid | $4,302 |
| Total expenses and disbursements | $6,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,724 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $76,716 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $79,440 |
| 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, Margarette Drake Tr has awarded $4,302 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NEW PROVIDENCE (BALIFF) CHURCH PURPOSE: GENERAL SUPPORT | $1,434 |
OLIVER UNITED METHODIST CHURCH PURPOSE: GENERAL SUPPORT | $1,434 |
ARMSTRONG UNITED METHODIST CHURCH PURPOSE: GENERAL SUPPORT | $1,434 |