Lorence I Millstead Irrevocable Charitable Trust
- Assets
- $4.1m
- Revenue
- $338.2k
- Investments
- $3.2m
- Employees
- 0
- Location
- Clayton, MO
- Founding
- 01/2001
- Data as of
- 04/2022
- EIN
- 43-6820427
Organization Overview
Lorence I Millstead Irrevocable Charitable Trust is located in Clayton, MO. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Lorence I Millstead Irrevocable Charitable 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 04/2022, Lorence I Millstead Irrevocable Charitable Trust generated $338.2k 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 (5.5%) each year. All expenses for the organization totaled $250.6k during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lorence I Millstead Irrevocable Charitable Trust has awarded 20 individual grants totaling $776,887. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Tax Preparation | 1 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $111,481 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $203,151 |
| Capital Gain Net Income | $203,151 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $23,577 |
| Total Revenue | $338,209 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $41,071 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,184 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $55,255 |
| Contributions, gifts, grants paid | $195,372 |
| Total expenses and disbursements | $250,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $471,984 |
| 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 | $497,611 |
| Total assets | $4,149,534 |
| 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, Lorence I Millstead Irrevocable Charitable Trust has awarded $195,372 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
THE SALVATION ARMY PURPOSE: GENERAL OPERATIONS | $39,075 |
BOYS & GIRLS CLUB PURPOSE: GENERAL OPERATIONS | $39,075 |
Tampa, FL PURPOSE: GENERAL OPERATIONS | $39,074 |
Point Lookout, MO PURPOSE: GENERAL OPERATIONS | $39,074 |
Memphis, TN PURPOSE: GENERAL OPERATIONS | $39,074 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joyce Foundation Chicago, IL | $1,408,794,882 | $150,496,278 |
Dollywood Foundation Pigeon Forge, TN | $23,282,143 | $42,750,755 |
Harold Hamm Foundation Oklahoma City, OK | $15,100,240 | $36,211,204 |
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Weitz Family Foundation Omaha, NE | $41,283,061 | $24,036,289 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Exelon Foundation Chicago, IL | $116,558,021 | $16,716,086 |
Ascension Providence Foundation St Louis, MO | $25,786,185 | $4,059,548 |
Kehe Cares Foundation Inc Naperville, IL | $5,804,063 | $7,449,461 |
G Carl Ball Family Foundation West Chicago, IL | $40,772,718 | $1,501,347 |
Miller Family Foundation Inc Pittsburg, KS | $66,698,223 | $18,550,862 |