Powell-Wise Charitable Trust 65353
- Assets
- $732.5k
- Revenue
- $38.1k
- Investments
- $698.6k
- Employees
- 0
- Location
- Amherst, NY
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 52-1057233
Organization Overview
Powell-Wise Charitable Trust 65353 is located in Amherst, NY. The organization was established in 0000. 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.
For the year ending 12/2022, Powell-Wise Charitable Trust 65353 generated $38.1k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $72.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Powell-Wise Charitable Trust 65353 has awarded 24 individual grants totaling $137,885. 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 | $16,333 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,785 |
| Capital Gain Net Income | $21,785 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,118 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,075 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,176 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $541 |
| Total operating and administrative expenses | $14,292 |
| Contributions, gifts, grants paid | $58,175 |
| Total expenses and disbursements | $72,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $727 |
| Savings and temporary cash investments | $33,259 |
| 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 | $732,544 |
| 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, Powell-Wise Charitable Trust 65353 has awarded $58,175 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ALLEGANY COLLEGE OF MARYLAND PURPOSE: SCHOLARSHIP | $3,695 |
FROSTBURG STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $16,622 |
CEDARVILLE UNIVERSITY PURPOSE: SCHOLARSHIP | $9,233 |
MCDANIEL COLLEGE PURPOSE: SCHOLARSHIP | $6,464 |
WAYNESBURG UNIVERSITY PURPOSE: SCHOLARSHIP | $6,464 |
DUKE UNIVERSITY CASHIERING PURPOSE: SCHOLARSHIP | $7,387 |