R J Mcelroy Trust
- Assets
- $40.7m
- Revenue
- $4.7m
- Investments
- $40.2m
- Employees
- 0
- Location
- Waterloo, IA
- Founding
- 10/1989
- Data as of
- 12/2021
- EIN
- 42-6173496
Organization Overview
R J Mcelroy Trust is located in Waterloo, IA. 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. R J Mcelroy 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 12/2021, R J Mcelroy Trust generated $4.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 2.5% per year over the past 7 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Mckenzie Executive Di | 36 | $63,220 | |
Michael R Young Trustee | 2 | $6,000 | |
Kathy Flynn Trustee | 2 | $6,000 | |
Raleigh D Buckmaster Trustee | 2 | $6,000 | |
Richard C Young Trustee | 2 | $6,000 | |
James B Waterbury Trustee | 2 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,539,555 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,124,351 |
| Capital Gain Net Income | $1,763,840 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,043,707 |
| Total Revenue | $4,707,613 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $105,220 |
| Other employee salaries and wages | $63,422 |
| Pension plans, employee benefits | $13,393 |
| Interest | $91,531 |
| Taxes | $78,541 |
| Depreciation | $5,469 |
| Occupancy | $10,395 |
| Travel, conferences, and meetings | $3,308 |
| Printing and publications | $1,002 |
| Other expenses | $175,335 |
| Total operating and administrative expenses | $770,662 |
| Contributions, gifts, grants paid | $2,525,532 |
| Total expenses and disbursements | $3,296,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $512,841 |
| 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 | $11,042,473 |
| Net Land, buildings, and equipment | $10,313 |
| Other assets | $0 |
| Total assets | $40,735,469 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Pritzker Traubert Foundation Chicago, IL | $0 | $14,671,849 |
Larson Foundation Sioux Falls, SD | $23,259,212 | -$633,184 |
John T Vucurevich Foundation Rapid City, SD | $151,565,692 | $20,798,188 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
Pohlad Family Foundation Minneapolis, MN | $102,001,164 | $18,381,775 |
Motorola Solutions Foundation Chicago, IL | $427,877 | $12,200,078 |