Fayette Area Community Trust
- Assets
- $1.7m
- Revenue
- $58.9k
- Investments
- $1.7m
- Employees
- 0
- Location
- Fayette, MO
- Founding
- 12/1995
- Data as of
- 12/2023
- EIN
- 43-1558297
Organization Overview
Fayette Area Community Trust is located in Fayette, MO. The organization was established in 1995. According to its NTEE Classification (T31) the organization is classified as: Community 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. Fayette Area Community 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 12/2023, Fayette Area Community Trust generated $58.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $90.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Fayette Area Community Trust has awarded 131 individual grants totaling $857,219. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE COMMUNITY ACTIVITIES IN THE FAYETTE, MISSOURI AREA. VARIOUS CHARITABLE AND EDUCATIONAL ORGANZIATIONS RECEIVE GRANTS FROM THE TRUST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marsha Broadus Advisory Mem | 0 | $0 | |
Pat Hilgedick Advisory Mem | 0 | $0 | |
Name Not Listed Trustee | 4 | $0 | |
Bryan Kunze Advisory Mem | 0 | $0 | |
Benjie Conrow Advisory Mem | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,225 |
| Interest on Savings | $628 |
| Dividends & Interest | $40,720 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,278 |
| Capital Gain Net Income | $6,212 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,851 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $161 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $160 |
| Total operating and administrative expenses | $10,887 |
| Contributions, gifts, grants paid | $80,000 |
| Total expenses and disbursements | $90,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,888 |
| 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 | $1,683,222 |
| 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, Fayette Area Community Trust has awarded $80,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL METHODIST UNIVERSITY PURPOSE: SOCIOLOGY DEPARTMENT | $50,000 |
FAYETTE MINISTERIAL ALLIANCE PURPOSE: BENEVOLENCE FUND | $4,944 |
FAYETTE POLICE DEPARTMENT PURPOSE: RADAR UNIT | $2,571 |
CENTRAL MISSOURI FOOD BANK PURPOSE: FOOD COSTS | $2,000 |
FAYETTE R-III SCHOOLS (DALY) PURPOSE: GRANT COSTS | $1,496 |
FAYETTE MAIN STREET INC PURPOSE: DOWNTOWN PROJECT | $2,500 |