Merle Hilliard Charitable Tr
- Assets
- $298.1k
- Revenue
- $14.8k
- Investments
- $255.2k
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 02/2012
- Data as of
- 12/2022
- EIN
- 45-6526358
Organization Overview
Merle Hilliard Charitable Tr is located in Los Angeles, CA. The organization was established in 2012. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Merle Hilliard Charitable 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 12/2022, Merle Hilliard Charitable Tr generated $14.8k 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 (12.5%) each year. All expenses for the organization totaled $80.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Merle Hilliard Charitable Tr has awarded 258 individual grants totaling $480,350. 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
CONTRIBUTIONS PAID TO VARIOUS PUBLIC CHARITIES - SEE PART XV
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hilliard Trustee | 0 | $0 | |
Brooks Hilliard Trustee | 0 | $0 | |
William Hilliard Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,524 |
| Dividends & Interest | $4,307 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $965 |
| Capital Gain Net Income | $965 |
| Net ST Capital Gain | $965 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,796 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,250 |
| Contributions, gifts, grants paid | $77,180 |
| Total expenses and disbursements | $80,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,677 |
| Savings and temporary cash investments | $25,993 |
| 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 | -$13,819 |
| Total assets | $298,083 |
| 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, Merle Hilliard Charitable Tr has awarded $98,695 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
CARNEGIE MELLON UNIVERSITY PURPOSE: UNRESTRICTED | $5,000 |
MASS INST OF TECH MIT PURPOSE: UNRESTRICTED | $13,000 |
SAN FRANCISCO FILM SOCIETY PURPOSE: UNRESTRICTED | $180 |
STUDENTS SUPPTNG BRAIN TUMOR RES SS PURPOSE: UNRESTRICTED | $2,500 |
SAN FRAN MUSEUM OF MODERN ART SFMOM PURPOSE: UNRESTRICTED | $5,700 |
NORTHWESTERN UNIVERSITY PURPOSE: KELLOGG SCHOOL OF MGMT ANNUAL FUND AND NU MEDICAL | $5,000 |