Lowell E Walter Trust
- Assets
- $1.0m
- Revenue
- $28.6k
- Investments
- $994.1k
- Employees
- 0
- Location
- Saint Louis, MO
- Founding
- 08/1987
- Data as of
- 02/2024
- EIN
- 42-6347604
Organization Overview
Lowell E Walter Trust is located in Saint Louis, MO. The organization was established in 1987. 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. Lowell E Walter 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 02/2024, Lowell E Walter Trust generated $28.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $96.5k during the year ending 02/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Lowell E Walter Trust has awarded 30 individual grants totaling $284,200. 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 |
|---|---|---|---|
Wells Fargo Bank N A Trustee | 2 | $8,610 | |
Brian Meyer Co-Trustee | 1 | $500 | |
Don Bowden Co-Trustee | 1 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,033 |
| Net Rental Income | $16,234 |
| Net Gain on Sale of Assets | -$18,589 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,373 |
| Total Revenue | $28,557 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,610 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $136 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,541 |
| Total operating and administrative expenses | $21,187 |
| Contributions, gifts, grants paid | $75,300 |
| Total expenses and disbursements | $96,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242 |
| Savings and temporary cash investments | $14,913 |
| 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 | $994,104 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,009,259 |
| 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, Lowell E Walter Trust has awarded $75,300 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
UNION PROTESTANT CHURCH PURPOSE: GENERAL OPERATING | $2,500 |
QUASQUETON CEMETERY ASSN PURPOSE: CHARITABLE PURPOSE | $225 |
IOWA STATE UNIVERSITY FBO LAUREN PURPOSE: SCHOLARSHIP | $9,411 |
QUASQUETON COMM CLUB PURPOSE: GENERAL OPERATING | $300 |
IOWA DEPT OF NATURAL RESOURCES PURPOSE: GENERAL OPERATING | $52,257 |
CITY OF QUASQUETON PURPOSE: GENERAL OPERATING | $225 |