R J Mcelroy Trust
- Assets
- $41.9m
- Revenue
- $4.2m
- Investments
- $41.1m
- Employees
- 0
- Location
- Waterloo, IA
- Founding
- 10/1989
- Data as of
- 12/2022
- 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 12/2022, R J Mcelroy Trust generated $4.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $3.0m during the year ending 12/2022. While expenses have increased by 1.2% per year over the past 8 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 |
|---|---|---|---|
Raleigh D Buckmaster Trustee | 0 | $6,000 | |
Richard C Young Trustee | 0 | $6,000 | |
James B Waterbury Trustee | 0 | $6,000 | |
Kathy Flynn Trustee | 0 | $6,000 | |
Robert L Smith Jr Trustee | 0 | $6,000 | |
Michael R Young Trustee | 0 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,467,991 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,795,681 |
| Capital Gain Net Income | $1,767,373 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $941,025 |
| Total Revenue | $4,204,697 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $113,269 |
| Other employee salaries and wages | $69,328 |
| Pension plans, employee benefits | $15,164 |
| Interest | $11,457 |
| Taxes | $108,328 |
| Depreciation | $5,260 |
| Occupancy | $10,172 |
| Travel, conferences, and meetings | $3,260 |
| Printing and publications | $1,112 |
| Other expenses | $228,561 |
| Total operating and administrative expenses | $815,979 |
| Contributions, gifts, grants paid | $2,223,400 |
| Total expenses and disbursements | $3,039,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $814,939 |
| 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 | $13,488,524 |
| Net Land, buildings, and equipment | $5,053 |
| Other assets | $0 |
| Total assets | $41,900,787 |
| 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 |