Evah C Cray Residuary Charitable Tr
- Assets
- $4.9m
- Revenue
- $627.1k
- Investments
- $4.5m
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 01/1995
- Data as of
- 06/2023
- EIN
- 48-6320070
Organization Overview
Evah C Cray Residuary Charitable Tr is located in Sioux Falls, SD. The organization was established in 1995. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Evah C Cray Residuary 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 06/2023, Evah C Cray Residuary Charitable Tr generated $627.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $471.3k during the year ending 06/2023. While expenses have increased by 5.8% 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 2015, Evah C Cray Residuary Charitable Tr has awarded 117 individual grants totaling $2,870,316. 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 |
|---|---|---|---|
Lori Mingus Co Trustee | 1 | $0 | |
Jeri Kurth Co Trustee | 1 | $0 | |
June Lynn Co Trustee | 1 | $0 | |
Sawill Trust Company Co Trustee | 5 | $8,120 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,658 |
| Dividends & Interest | $111,214 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $511,198 |
| Capital Gain Net Income | $511,198 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $627,070 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,120 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $47 |
| Taxes | $879 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $68,367 |
| Total operating and administrative expenses | $86,338 |
| Contributions, gifts, grants paid | $385,000 |
| Total expenses and disbursements | $471,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,401 |
| Savings and temporary cash investments | $321,046 |
| 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 | $1,325,966 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,898,762 |
| 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, Evah C Cray Residuary Charitable Tr has awarded $385,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ATCHISON AMELIA EARHART FESTIVAL PURPOSE: AMELIA EARHART FESTIVAL | $25,000 |
AMELIA EARHART FOUNDATION PURPOSE: OPERATION OF FOUNDATION | $20,000 |
ATCHISON COUNTY FOOD PANTRY PURPOSE: FOOD PANTRY OPERATIONS | $5,000 |
ATCHISON COUNTY HISTORICAL SOCIETY PURPOSE: OPERATION OF HISTORICAL MUSUEM | $5,000 |
ATCHISON FAMILY YMCA PURPOSE: OPERATION OF LOCAL YMCA | $10,000 |
FIRST PRESBYTERIAN CHURCH PURPOSE: CHURCH OPERATIONS | $20,000 |