Leon Wells Trust U W Nect Monroe Bank & Trust
- Assets
- $251.7k
- Revenue
- $6.2k
- Investments
- $247.6k
- Employees
- 0
- Location
- Muncie, IN
- Founding
- 05/1974
- Data as of
- 05/2024
- EIN
- 38-6146348
Organization Overview
Leon Wells Trust U W Nect Monroe Bank & Trust is located in Muncie, IN. The organization was established in 1974. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 05/2024, Leon Wells Trust U W Nect Monroe Bank & Trust generated $6.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $16.4k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Leon Wells Trust U W Nect Monroe Bank & Trust has awarded 186 individual grants totaling $134,807. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17 |
| Dividends & Interest | $8,494 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,779 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $450 |
| Total Revenue | $6,182 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,583 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $170 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,753 |
| Contributions, gifts, grants paid | $11,600 |
| Total expenses and disbursements | $16,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,081 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $251,687 |
| 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, Leon Wells Trust U W Nect Monroe Bank & Trust has awarded $11,600 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ANDREW DAFOE PURPOSE: UNIVERSITY OF TOLEDO | $250 |
ALLISON HOWARD PURPOSE: MCCCU | $250 |
MADISON WATERHOUSE PURPOSE: ALBION COLLEGE | $250 |
CARLEIGH ABBOTT PURPOSE: UNIVERSITY OF MICHIGAN | $1,100 |
KYLIE SCOTT PURPOSE: CENTRAL MICHIGAN UNIVERSITY | $250 |
NICHOLAS BELLAIRE PURPOSE: THE UNIVERSITY OF MICHIGAN | $1,100 |