Paul & Mary Collins Trust 2
- Assets
- $853.4k
- Revenue
- $80.3k
- Investments
- $846.5k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 07/1968
- Data as of
- 05/2024
- EIN
- 42-6120024
Organization Overview
Paul & Mary Collins Trust 2 is located in Milwaukee, WI. The organization was established in 1968. 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. Paul & Mary Collins Trust 2 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 05/2024, Paul & Mary Collins Trust 2 generated $80.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $53.6k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Paul & Mary Collins Trust 2 has awarded 266 individual grants totaling $386,295. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $31,332 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,980 |
| Capital Gain Net Income | $48,980 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11 |
| Total Revenue | $80,323 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,928 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,427 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $18,855 |
| Contributions, gifts, grants paid | $34,750 |
| Total expenses and disbursements | $53,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,880 |
| 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 | $846,529 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $853,409 |
| 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, Paul & Mary Collins Trust 2 has awarded $34,750 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
CHAMBERLAIN UNIVERSITY PURPOSE: SCHOLARSHIP | $1,200 |
NORTHERN STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $600 |
DAKOTA STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $500 |
ILLINOIS COLLEGE OF OPTOMETRY PURPOSE: SCHOLARSHIP | $1,200 |
SOUTHEAST TECHNICAL INSTITUTE PURPOSE: SCHOLARSHIP | $800 |
BETHEL UNIVERSITY PURPOSE: SCHOLARSHIP | $450 |