Gilgit Charitable Trust
- Assets
- $258.0k
- Revenue
- $159.5k
- Investments
- $112.4k
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 52-1601996
Organization Overview
Gilgit Charitable Trust is located in Richmond, VA. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gilgit Charitable 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 12/2022, Gilgit Charitable Trust generated $159.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 74.7% each year . All expenses for the organization totaled $22.0k during the year ending 12/2022. While expenses have increased by 2.8% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Spain Jr Trustee | 2 | $0 | |
Mary R Spain Trustee | 1 | $0 | |
John H Spain Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $141,148 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,352 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $159,500 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $243 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $983 |
| Contributions, gifts, grants paid | $21,000 |
| Total expenses and disbursements | $21,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,621 |
| Savings and temporary cash investments | $0 |
| 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 | $258,043 |
| 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, Gilgit Charitable Trust has awarded $21,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
MAYMONT FOUNDATION PURPOSE: TREES, FLOWERS PUBLIC PARK | $1,000 |
HEALTH BRIGADE PURPOSE: ANNUAL GIVING | $1,000 |
MATTAPONI AND PAMUNKEY RIVERS ASSOC PURPOSE: ANNUAL GIVING | $1,000 |
FEED MORE INC PURPOSE: ANNUAL GIVING | $4,000 |
THE VIRGINIA HOME PURPOSE: ANNUAL GIVING | $1,500 |
CROSS OVER MINISTRY PURPOSE: ANNUAL GIVING | $1,500 |