Jerry Litton Family Memorial Foundation
- Assets
- $2.7m
- Revenue
- $22.0k
- Investments
- $2.6m
- Employees
- 0
- Location
- Chillicothe, MO
- Founding
- 01/1976
- Data as of
- 07/2022
- 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 07/2022, Jerry Litton Family Memorial Foundation generated $22.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.5%) each year. All expenses for the organization totaled $247.8k during the year ending 07/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jerry Litton Family Memorial Foundation has awarded 93 individual grants totaling $1,745,490. 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
2022
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 |
|---|---|---|---|
Bonnie Mitchell Sec/treas | 10 | $9,000 | |
Lynn Hoover President | 1 | $0 | |
Edwin Turner Vice-Pres | 0.1 | $0 | |
Ron Wolf Managing Director | 0.1 | $0 | |
El Reed Director | 0.1 | $0 | |
James P Valbracht Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17 |
| Dividends & Interest | $85,642 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$63,994 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $300 |
| Other Income | $0 |
| Total Revenue | $21,965 |
| 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 | $992 |
| Depreciation | $0 |
| Occupancy | $5,850 |
| Travel, conferences, and meetings | $3,730 |
| Printing and publications | $475 |
| Other expenses | $4,428 |
| Total operating and administrative expenses | $87,791 |
| Contributions, gifts, grants paid | $160,013 |
| Total expenses and disbursements | $247,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $154,092 |
| 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 | $2,718,001 |
| 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 $160,013 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CHILLICOTHE R-II SCHOOLS CHILLICOTHE MO PURPOSE: EDUCATION | $65,831 |
CHILLICOTHE FUTURE FARMERS OF AMERICA ALUMNI ASSOCIATION CHILLICOTHE MO PURPOSE: EDUCATION | $43,732 |
Bowling Green, MO PURPOSE: EDUCATION | $25,000 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: CHARITABLE | $9,800 |
LIVINGSTON COUNTY EXTENSION COUNCIL PURPOSE: EDUCATION | $7,000 |
MISSOURI FFA ASSOCIATION PURPOSE: CHARITABLE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Pritzker Family Foundation Chicago, IL | $156,116,781 | $25,309,600 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Paul M Angell Family Foundation Chicago, IL | $1,816,327 | $24,997,411 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |
Builders Initiative Bentonville, AR | $992,945,696 | $530,265,880 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |