Harold Rowan & Doris Bates Rowan Memorial Trust
- Assets
- $312.2k
- Revenue
- $8.0k
- Investments
- $309.7k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 03/1981
- Data as of
- 09/2023
- EIN
- 47-6123798
Organization Overview
Harold Rowan & Doris Bates Rowan Memorial Trust is located in Milwaukee, WI. The organization was established in 1981. 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. Harold Rowan & Doris Bates Rowan Memorial 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 09/2023, Harold Rowan & Doris Bates Rowan Memorial Trust generated $8.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $23.8k during the year ending 09/2023. While expenses have increased by 2.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Harold Rowan & Doris Bates Rowan Memorial Trust has awarded 28 individual grants totaling $110,977. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,030 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,410 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $408 |
| Total Revenue | $8,028 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,139 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $69 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,708 |
| Contributions, gifts, grants paid | $17,057 |
| Total expenses and disbursements | $23,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,472 |
| 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 | $309,715 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $312,187 |
| 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, Harold Rowan & Doris Bates Rowan Memorial Trust has awarded $17,057 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SHRINERS HOSPITALS FOR CHILDREN PURPOSE: GENERAL OPERATING | $4,776 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL OPERATING | $4,776 |
FIRST PRESBYTERIAN CHURCH PURPOSE: GENERAL OPERATING | $2,729 |
AMERICAN RED CROSS PURPOSE: GENERAL OPERATING | $4,776 |