Mackensen Trust
- Assets
- $4.6m
- Revenue
- $114.0k
- Investments
- $1.2m
- Employees
- 0
- Location
- Bristow, OK
- Founding
- 01/2003
- Data as of
- 09/2023
- EIN
- 68-6223606
Organization Overview
Mackensen Trust is located in Bristow, OK. The organization was established in 2003. 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. Mackensen 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 09/2023, Mackensen Trust generated $114.0k 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 (5.0%) each year. All expenses for the organization totaled $261.5k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mackensen Trust has awarded 28 individual grants totaling $1,132,883. 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 |
|---|---|---|---|
Stan Earnhardt Foundation Mana | 15 | $48,956 | |
Roy Hiskett Trustee | 1 | $3,762 | |
Robert Wyatt Trustee | 1 | $3,762 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $57,129 |
| Dividends & Interest | $56,888 |
| 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 | $114,017 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $56,480 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,808 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,366 |
| Total operating and administrative expenses | $64,416 |
| Contributions, gifts, grants paid | $197,100 |
| Total expenses and disbursements | $261,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,190 |
| Savings and temporary cash investments | $1,395,379 |
| 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 | $1,955,709 |
| Total assets | $4,560,982 |
| Accounts payable and accrued expenses | $1,271 |
| 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 | $1,271 |
Grants Awarded
Over the last fiscal year, Mackensen Trust has awarded $197,100 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BRISTOW GOLF COURSE BOARD INC PURPOSE: OPERATIONS AND MAINTENANCE EQUIPMENT | $51,500 |
BRISTOW HISTORICAL SOCIETY PURPOSE: DEPOT MAINTENANCE | $20,750 |
BRISTOW SOCIAL SERVICES PURPOSE: CHRISTMAS DONATIONS AND WALKIN COOLER/FREEZER | $107,500 |
BRISTOW FRATERNAL ORDER OF POLICE PURPOSE: SHOP WITH A COP | $1,000 |
BRISTOW POLICE DEPT PURPOSE: FLOCK CAMERAS | $16,350 |