May H Ilgenfritz Testamentary Tr
- Assets
- $3.5m
- Revenue
- $70.6k
- Investments
- $3.5m
- Employees
- 0
- Location
- Cave Creek, AZ
- Founding
- 06/1971
- Data as of
- 12/2023
- EIN
- 44-0663403
Organization Overview
May H Ilgenfritz Testamentary Tr is located in Cave Creek, AZ. The organization was established in 1971. 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. May H Ilgenfritz Testamentary Tr 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, May H Ilgenfritz Testamentary Tr generated $70.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $230.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, May H Ilgenfritz Testamentary Tr has awarded 533 individual grants totaling $1,462,943. 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 |
|---|---|---|---|
Rbc Trust Company Delaware Ltd Co-Trustee, As Req. | 1 | $0 | |
John Swearingen Co-Trustee | 3 | $10,777 | |
Stafford Swearingen Co-Trustee | 3 | $10,777 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $92,458 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$21,851 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $5,100 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $70,607 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,554 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,988 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $34,024 |
| Contributions, gifts, grants paid | $196,450 |
| Total expenses and disbursements | $230,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $66,878 |
| 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 | $3,455,093 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,521,971 |
| 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, May H Ilgenfritz Testamentary Tr has awarded $196,450 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
DALTON HERMANSON PURPOSE: SCHOLARSHIP FOR BOOKS AND | $2,430 |
AKAYCIA MATHER PURPOSE: SCHOLARSHIP FOR BOOKS AND | $4,360 |
SAIGE PETERSON PURPOSE: SCHOLARSHIP FOR BOOKS AND | $1,320 |
LAUREN GRAY PURPOSE: SCHOLARSHIP FOR BOOKS AND | $4,120 |
JENNIFER DREXLER PURPOSE: SCHOLARSHIP FOR BOOKS AND | $4,120 |
BRETT GRUPE PURPOSE: SCHOLARSHIP FOR BOOKS AND | $3,520 |