Louis Glick Memorial & Charitable Tr
- Assets
- $1.5m
- Revenue
- $60.5k
- Investments
- $982.8k
- Employees
- 0
- Location
- Jackson, MI
- Founding
- 02/1968
- Data as of
- 12/2022
- EIN
- 38-6156959
Organization Overview
Louis Glick Memorial & Charitable Tr is located in Jackson, MI. The organization was established in 1968. 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. Louis Glick Memorial & Charitable Tr 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, Louis Glick Memorial & Charitable Tr generated $60.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $59.5k during the year ending 12/2022. While expenses have increased by 1.7% 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.
Since 2015, Louis Glick Memorial & Charitable Tr has awarded 167 individual grants totaling $339,905. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlton L Glick President; Trustee | 2 | $0 | |
Randal L Glick Trustee | 1 | $0 | |
Rebecca Armstrong Trustee | 2 | $1,632 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,000 |
| Interest on Savings | $8,854 |
| Dividends & Interest | $33,052 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,566 |
| Capital Gain Net Income | $5,566 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $60,472 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,632 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,977 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $484 |
| Total operating and administrative expenses | $8,954 |
| Contributions, gifts, grants paid | $50,550 |
| Total expenses and disbursements | $59,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $181,122 |
| 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 | $287,134 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $982,811 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,451,067 |
| 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, Louis Glick Memorial & Charitable Tr has awarded $50,550 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
AWARE INC PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
CENTER STAGE JACKSON PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
DAHLEM CONSERVANCY PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
ELLA SHARP MUSEUM PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
HENRY FORD ALLEGIANCE HEALTH FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $4,000 |