Virginia H Glasson Charitable Trust
- Assets
- $860.0k
- Revenue
- $63.0k
- Investments
- $848.6k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/1996
- Data as of
- 08/2023
- EIN
- 39-6605306
Organization Overview
Virginia H Glasson Charitable Trust is located in Chicago, IL. The organization was established in 1996. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., 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. Virginia H Glasson Charitable 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 08/2023, Virginia H Glasson Charitable Trust generated $63.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $68.8k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Virginia H Glasson Charitable Trust has awarded 39 individual grants totaling $207,250. 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 | $36,674 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,189 |
| Capital Gain Net Income | $26,189 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $150 |
| Total Revenue | $63,013 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,727 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $609 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $18,336 |
| Contributions, gifts, grants paid | $50,500 |
| Total expenses and disbursements | $68,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $558 |
| Savings and temporary cash investments | $10,864 |
| 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 | $52,528 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $859,989 |
| 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, Virginia H Glasson Charitable Trust has awarded $50,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
LIVING ALTERNATIVES PREGNANCY PURPOSE: GENERAL | $3,500 |
BIBLE STUDY FELLOWSHIP PURPOSE: GENERAL | $3,000 |
FOCUS ON THE FAMILY PURPOSE: GENERAL | $2,000 |
GRACE TO YOU PURPOSE: GENERAL | $5,000 |
WELLSPRING COUNSELING INC PURPOSE: GENERAL | $10,000 |
BRANSON BIBLE CHURCH PURPOSE: GENERAL | $8,000 |