Jerry Litton Family Memorial Foundation
- Assets
- $2.4m
- Revenue
- $173.2k
- Investments
- $2.4m
- Employees
- 0
- Location
- Chillicothe, MO
- Founding
- 01/1976
- Data as of
- 07/2024
- EIN
- 43-1092779
Organization Overview
Jerry Litton Family Memorial Foundation is located in Chillicothe, MO. The organization was established in 1976. 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. Jerry Litton Family Memorial Foundation 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 07/2024, Jerry Litton Family Memorial Foundation generated $173.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $249.0k during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jerry Litton Family Memorial Foundation has awarded 117 individual grants totaling $2,055,327. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
SMITHVILLE EXHIBIT-PROVIDING EDUCATIONAL AND OTHER SERVICES TO THE GENERAL PUBLIC. NUMBER OF INDIVIDUALS SERVED IS UNKNOWN.
LOCK SPRINGS - MAINTENANCE OF MEMORIAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edwin Turner President | 0.1 | $0 | |
Bonnie Mitchell Sec/treas | 10 | $9,000 | |
Ron Wolf Managing Director | 0.1 | $0 | |
El Reed Director | 0.1 | $0 | |
James Summerville Director | 0.1 | $0 | |
Alvin Cohen Managing Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $113 |
| Dividends & Interest | $101,780 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $70,025 |
| Capital Gain Net Income | $70,025 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $1,250 |
| Other Income | $0 |
| Total Revenue | $173,168 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $954 |
| Depreciation | $0 |
| Occupancy | $6,000 |
| Travel, conferences, and meetings | $5,723 |
| Printing and publications | $2,515 |
| Other expenses | $4,031 |
| Total operating and administrative expenses | $95,742 |
| Contributions, gifts, grants paid | $153,261 |
| Total expenses and disbursements | $249,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $31,510 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,426,358 |
| Accounts payable and accrued expenses | $132 |
| 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 | $132 |
Grants Awarded
Over the last fiscal year, Jerry Litton Family Memorial Foundation has awarded $153,261 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
AGRICULTURAL LEADERSHIP OF TOMORROW PURPOSE: EDUCATION | $25,000 |
BOY SCOUTS OF AMERICA TROOP 120 PURPOSE: CHARITABLE | $2,000 |
CHILLICOTHE FUTURE FARMERS OF AMERICA ALUMNI ASSOCIATION CHILLICOTHE MO PURPOSE: EDUCATION | $35,720 |
CHILLICOTHE R-II SCHOOLS CHILLICOTHE MO PURPOSE: EDUCATION | $57,241 |
GRAND RIVER TECHNICAL SCHOOL PURPOSE: EDUCATION | $2,000 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: CHARITABLE | $9,900 |