Mass-Times Trust
- Assets
- $138.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lansing, MI
- Founding
- 03/1946
- Data as of
- 12/2020
- EIN
- 65-0724755
Organization Overview
Mass-Times Trust is located in Lansing, MI. The organization was established in 1946. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Mass-Times 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 12/2020, Mass-Times Trust generated $69.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $67.4k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
THEMASSTIMESTRUSTOPERATESANINFORMATIONALWEBSITEFORTHEBENEFITOFTHEBISHOPOFTHEDIOCESEOFLANSINGANDALLCATHOLICS.THEWEBSITE'SMISSIONISTOHELPCATHOLICSFINDAMASSOROTHERWORSHIPSERVICEWHENTRAVELLINGORWHENUNABLETOATTENDTHEUSUALCHURCH.THEREAREMILLIONSOFVISITSTOMASSTIMES.ORGEACHYEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert A Hummel Trustee | 0 | $0 | |
Phyllis H Hummel Trustee | 0 | $0 | |
Peter J Wagner Trustee | 5 | $7,500 | |
Patrick O'brien Trustee | 0 | $0 | |
Msgr George Michalek Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,566 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $8,150 |
| Total Revenue | $69,723 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $11,250 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $56,163 |
| Total expenses | $67,413 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $136,179 |
| Other assets | $0 |
| Total assets | $138,881 |
| Total liabilities | $28,020 |
| Net assets or fund balances | $110,861 |