Michael G Callas Charitable Trust
- Assets
- $0.0
- Revenue
- $1.3m
- Investments
- $12.1m
- Employees
- 0
- Location
- Miami Beach, FL
- Founding
- 06/1993
- Data as of
- 12/2021
- EIN
- 52-1764391
Organization Overview
Michael G Callas Charitable Trust is located in Miami Beach, FL. The organization was established in 1993. 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. Michael G Callas 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 12/2021, Michael G Callas Charitable Trust generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.4%) each year. All expenses for the organization totaled $770.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Michael G Callas Charitable Trust has awarded 160 individual grants totaling $3,509,908. 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 |
|---|---|---|---|
Douglas G Moul Trustee | 5 | $73,926 | |
Catherine G Bushey Trustee | 5 | $73,926 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $223,338 |
| Profit on Inventory Sales | $0 |
| Other Income | $94,874 |
| Total Revenue | $1,327,686 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $154,174 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $246,199 |
| Contributions, gifts, grants paid | $524,685 |
| Total expenses and disbursements | $770,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,622,715 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Michael G Callas Charitable Trust has awarded $544,550 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
WOMENS CLUB FOUNDATION PURPOSE: GENERAL | $15,550 |
MARYLAND THEATRE ASSOCIATION PURPOSE: GENERAL | $28,500 |
THE INSTITUTE PURPOSE: GENERAL | $25,000 |
NFTE PURPOSE: GENERAL | $10,000 |
SMITHSBURG BOOSTERS CLUB PURPOSE: GENERAL | $25,000 |
YMCA HAGERSTOWN PURPOSE: GENERAL | $25,000 |