Lila D Rankin Trust
- Assets
- $249.7k
- Revenue
- $21.5k
- Investments
- $242.5k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 02/1996
- Data as of
- 12/2023
- EIN
- 39-6188959
Organization Overview
Lila D Rankin Trust is located in Chicago, IL. The organization was established in 1996. According to its NTEE Classification (P27) the organization is classified as: Young Mens or Womens Associations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lila D Rankin 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 12/2023, Lila D Rankin Trust generated $21.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $22.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,024 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,285 |
| Capital Gain Net Income | $12,285 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $163 |
| Total Revenue | $21,472 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,016 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $242 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,258 |
| Contributions, gifts, grants paid | $14,911 |
| Total expenses and disbursements | $22,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,695 |
| Savings and temporary cash investments | $3,586 |
| 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 | $16,800 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $249,749 |
| 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, Lila D Rankin Trust has awarded $13,750 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
YMCA OF FORT MADISON IOWA PURPOSE: GENERAL | $8,000 |
CHILD ABUSE PREVENTION COUNCIL PURPOSE: GENERAL | $5,750 |