1988 Irrevocable Cochrane Memorial Trust
- Assets
- $7.8m
- Revenue
- $242.2k
- Investments
- $7.5m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 06/1989
- Data as of
- 12/2022
- EIN
- 41-6309348
Organization Overview
1988 Irrevocable Cochrane Memorial Trust is located in Milwaukee, WI. The organization was established in 1989. 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. 1988 Irrevocable Cochrane Memorial 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 12/2022, 1988 Irrevocable Cochrane Memorial Trust generated $242.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $803.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, 1988 Irrevocable Cochrane Memorial Trust has awarded 104 individual grants totaling $4,370,000. 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 |
|---|---|---|---|
Kelley A Ellsworth Co-Trustee | 1 | $0 | |
Katherine A Ellsworth Co-Trustee | 1 | $0 | |
Deborah D Ellsworth Co-Trustee | 1 | $0 | |
Us Bank N A Trustee | 1 | $118,304 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $242,296 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$324 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $237 |
| Total Revenue | $242,209 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $118,304 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,058 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $133,887 |
| Contributions, gifts, grants paid | $670,000 |
| Total expenses and disbursements | $803,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $300,832 |
| 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 | $7,273,075 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $8,279 |
| Total assets | $7,784,171 |
| 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, 1988 Irrevocable Cochrane Memorial Trust has awarded $670,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHDIOCESE OF WASHINGTON PURPOSE: GENERAL | $40,000 |
DISTRICT ALLIANCE FOR SAFE HOUSING PURPOSE: GENERAL OPERATING | $40,000 |
EAST RIVER FAMILY STRENGTHENING PURPOSE: GENERAL OPERATING | $30,000 |
BREAD FOR THE CITY PURPOSE: GENERAL OPERATING | $60,000 |
ANACOSTIA WATERSHED SOCIETY PURPOSE: GENERAL OPERATING | $40,000 |
TRANSITIONAL HOUSING CORP PURPOSE: GENERAL OPERATING | $35,000 |