William & Sarah Speck Trust
- Assets
- $994.8k
- Revenue
- $30.3k
- Investments
- $963.0k
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 04/1998
- Data as of
- 06/2023
- EIN
- 38-6162140
Organization Overview
William & Sarah Speck Trust is located in Detroit, MI. The organization was established in 1998. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William & Sarah Speck Trust 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, William & Sarah Speck Trust generated $30.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (21.6%) each year. All expenses for the organization totaled $67.0k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, William & Sarah Speck Trust has awarded 15 individual grants totaling $253,998. 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.
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 | $0 |
| Dividends & Interest | $22,777 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,834 |
| Capital Gain Net Income | $6,834 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $654 |
| Total Revenue | $30,265 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,702 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $320 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,022 |
| Contributions, gifts, grants paid | $48,000 |
| Total expenses and disbursements | $67,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $31,863 |
| 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 | $994,820 |
| 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, William & Sarah Speck Trust has awarded $96,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: GENERAL SUPPORT | $16,000 |
SHRINERS HOSPITAL PURPOSE: GENERAL SUPPORT | $16,000 |
MERCY PRIMARY CARE CENTER PURPOSE: GENERAL SUPPORT | $16,000 |
AMERICAN CANCER SOCIETY PURPOSE: SUPPORT FOR DAILY | $16,000 |
SHRINERS HOSPITAL PURPOSE: SUPPORT FOR DAILY | $16,000 |
MERCY PRIMARY CARE CENTER PURPOSE: SUPPORT FOR DAILY | $16,000 |