Lorence I Millstead Irrevocable Charitable Trust
- Assets
- $4.3m
- Revenue
- $404.1k
- Investments
- $3.8m
- Employees
- 0
- Location
- Clayton, MO
- Founding
- 01/2001
- Data as of
- 04/2024
- 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 04/2024, Lorence I Millstead Irrevocable Charitable Trust generated $404.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 36.2% each year . All expenses for the organization totaled $226.1k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lorence I Millstead Irrevocable Charitable Trust has awarded 25 individual grants totaling $981,752. 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 |
|---|---|---|---|
Name Not Listed Trustee | 3 | $35,543 | |
Name Not Listed Tax Preparation | 1 | $2,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $99,377 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $288,201 |
| Capital Gain Net Income | $288,201 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,488 |
| Total Revenue | $404,066 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $38,293 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,451 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $42,744 |
| Contributions, gifts, grants paid | $183,390 |
| Total expenses and disbursements | $226,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,806 |
| 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 | $497,610 |
| Total assets | $4,323,245 |
| 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 $183,390 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
THE SALVATION ARMY PURPOSE: GENERAL OPERATIONS | $36,678 |
SHRINERS HOSPITALS FOR CHILDREN PURPOSE: GENERAL OPERATIONS | $36,678 |
COLLEGE OF THE OZARKS PURPOSE: GENERAL OPERATIONS | $36,678 |
BOYS & GIRLS CLUB PURPOSE: GENERAL OPERATIONS | $36,678 |
ST JUDE CHILDRENS RESEARCH HOSPITAL PURPOSE: GENERAL OPERATIONS | $36,678 |