W Seymour Lacy Trust
- Assets
- $2.9m
- Revenue
- $401.9k
- Investments
- $2.8m
- Employees
- 0
- Location
- Iowa City, IA
- Founding
- 01/1991
- Data as of
- 11/2022
- EIN
- 42-6051558
Organization Overview
W Seymour Lacy Trust is located in Iowa City, IA. The organization was established in 1991. 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. W Seymour Lacy 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 11/2022, W Seymour Lacy Trust generated $401.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $222.1k during the year ending 11/2022. While expenses have increased by 0.6% 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 2019, W Seymour Lacy Trust has awarded 40 individual grants totaling $676,242. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS PAID ANNUALLY TO CHARITIES THAT BENEFIT THE YOUTH OF OSKALOOSA IOWA INCLUDING THE PUBLIC LIBRARY, LOCAL COLLEGE, YMCA, BOY SCOUTS AND GIRL SCOUTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wells Fargo Bank Na Former Trust | 2 | $40,064 | |
Midwestone Bank Trustee- Ba | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $838 |
| Dividends & Interest | $73,143 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $318,949 |
| Capital Gain Net Income | $318,949 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,002 |
| Total Revenue | $401,932 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,275 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,899 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,067 |
| Total operating and administrative expenses | $53,491 |
| Contributions, gifts, grants paid | $168,641 |
| Total expenses and disbursements | $222,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $90,222 |
| 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 | $34 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,831,775 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,922,031 |
| 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, W Seymour Lacy Trust has awarded $168,641 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Oskaloosa, IA PURPOSE: GENERAL OPERATING | $75,254 |
YMCA OF BRIDGEPORT CT PURPOSE: GENERAL OPERATING | $34,527 |
NATIONAL COUNCIL OF YMCA PURPOSE: GENERAL OPERATING | $25,111 |
GIRL SCOUTS OF GREATER IOWA PURPOSE: GENERAL OPERATING | $13,555 |
MID IOWA COUNCIL BSA PURPOSE: GENERAL OPERATING | $10,416 |
OSKALOOSA PUBLIC LIBRARY FOUNDATION PURPOSE: GENRAL OPERATING | $6,278 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Suzanne And Walter Scott Foundation Omaha, NE | $379,612,870 | $69,664,147 |
Herschend Family Entertainment Corporation Beneficiary Trust Branson, MO | $4,577,294 | $15,681,690 |
Allergan Foundation North Chicago, IL | $0 | $22,638,597 |
The Global Orphan Project Inc Kansas City, MO | $12,087,754 | $16,385,536 |
W N Reynolds Residuary Tr Nect Chicago, IL | $153,008,234 | $7,259,404 |
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Src Benefit Programs Trust Springfield, MO | $118,089 | $9,937,850 |
Woodbourne Charitable Trust Plymouth, MN | $1,142,964 | $10,020,932 |
Audrey E & Donald L Hutt Tr 283 Chicago, IL | $19,533,735 | $12,080,033 |
James M Stanton Foundation Bloomington, MN | $29,105,685 | $38,323,984 |
Lawyers Trust Fund Of Illinois Chicago, IL | $23,693,587 | $13,676,265 |
Cokato Charitable Trust Cokato, MN | $9,103,416 | $8,785,306 |