Garrett & Gertrude Buter Char Tr
- Assets
- $931.0k
- Revenue
- $65.0k
- Investments
- $907.6k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 05/1986
- Data as of
- 07/2023
- EIN
- 38-6489859
Organization Overview
Garrett & Gertrude Buter Char Tr is located in Chicago, IL. The organization was established in 1986. 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. Garrett & Gertrude Buter Char 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 07/2023, Garrett & Gertrude Buter Char Tr generated $65.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $70.5k during the year ending 07/2023. While expenses have increased by 3.3% per year over the past 5 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 2018, Garrett & Gertrude Buter Char Tr has awarded 15 individual grants totaling $250,344. 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 | $0 |
| Dividends & Interest | $37,926 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,874 |
| Capital Gain Net Income | $26,874 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $168 |
| Total Revenue | $64,968 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $16,538 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $560 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $17,098 |
| Contributions, gifts, grants paid | $53,403 |
| Total expenses and disbursements | $70,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,957 |
| Savings and temporary cash investments | $14,457 |
| 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 | $55,107 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $930,975 |
| 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, Garrett & Gertrude Buter Char Tr has awarded $53,403 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST BAPTIST CHURCH OF DAVISON PURPOSE: GENERAL | $17,801 |
UNITED WAY OF GENESEE & LAPEER CITY PURPOSE: GENERAL | $17,801 |
FERRIS STATE UNIERSITY PURPOSE: GENERAL | $17,801 |