Backlund Charitable Tr
- Assets
- $2.5m
- Revenue
- $133.6k
- Investments
- $2.1m
- Employees
- 0
- Location
- Quincy, IL
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 47-6308098
Organization Overview
Backlund Charitable Tr is located in Quincy, IL. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations 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. Backlund 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 12/2023, Backlund Charitable Tr generated $133.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $143.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Backlund Trustee | 0.25 | $0 | |
Dr Sherri Morris Trustee | 0.25 | $0 | |
Mike Mahair Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,232 |
| Dividends & Interest | $41,713 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $79,693 |
| Capital Gain Net Income | $79,693 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $133,638 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,508 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,909 |
| Total operating and administrative expenses | $18,617 |
| Contributions, gifts, grants paid | $125,000 |
| Total expenses and disbursements | $143,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,345 |
| Savings and temporary cash investments | $272,558 |
| 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 | $0 |
| Total assets | $2,474,784 |
| 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, Backlund Charitable Tr has awarded $125,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ILLINOIS PUBLIC MEDIA PURPOSE: FOR THE BETTERMENT OF PUBLIC BROADCASTING CONTENT | $62,500 |
ILLINOIS VALLEY PUBLIC TELECOMMUNICATION CORPORATION PURPOSE: FOR THE BETTERMENT OF PUBLIC BROADCASTING CONTENT | $62,500 |