The Hallet Charitable Trust
- Assets
- $8.2m
- Revenue
- $1.9m
- Investments
- $7.9m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 03/1978
- Data as of
- 11/2023
- EIN
- 41-6211994
Organization Overview
The Hallet Charitable Trust is located in Milwaukee, WI. The organization was established in 1978. 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. Hallet 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 11/2023, Hallet Charitable Trust generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 37.0% each year . All expenses for the organization totaled $491.4k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Hallet Charitable Trust has awarded 73 individual grants totaling $1,979,932. 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 |
|---|---|---|---|
Us Bank Na Co-Trustee | 1 | $54,026 | |
Desiree Parker Co-Trustee | 4 | $12,500 | |
Kirk A Springsted Co-Trustee | 4 | $12,500 | |
Margaret Poley Co-Trustee | 4 | $12,500 | |
Paul Justin Schliesman Co-Trustee | 4 | $12,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $210,466 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,679,662 |
| Capital Gain Net Income | $1,679,662 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25,536 |
| Total Revenue | $1,915,664 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $104,026 |
| Other employee salaries and wages | $24,571 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,737 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,805 |
| Printing and publications | $0 |
| Other expenses | $9,381 |
| Total operating and administrative expenses | $156,505 |
| Contributions, gifts, grants paid | $334,884 |
| Total expenses and disbursements | $491,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $271,846 |
| 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 | $5,448,217 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,210,940 |
| 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, The Hallet Charitable Trust has awarded $334,884 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CHRISTIAN HERALD ASSOCIATION PURPOSE: GENERAL OPERATING | $16,706 |
GIRL SCOUTS OF THE USA PURPOSE: GENERAL OPERATING | $3,342 |
BOY SCOUTS OF AMERICA PURPOSE: GENERAL OPERATING | $3,342 |
PRESBYTERIAN CHURCH (USA) FDN PURPOSE: GENERAL OPERATING | $16,706 |
MOODY BIBLE INSTITUTE OF CHICAGO PURPOSE: GENERAL OPERATING | $50,114 |
MCCORMICK THEOLOGICAL SEMINARY PURPOSE: GENERAL OPERATING | $26,726 |