Frank Livermore Trust
- Assets
- $1.5m
- Revenue
- $77.0k
- Investments
- $1.5m
- Employees
- 0
- Location
- Menlo Park, CA
- Founding
- 11/1985
- Data as of
- 06/2023
- EIN
- 77-0057575
Organization Overview
Frank Livermore Trust is located in Menlo Park, CA. The organization was established in 1985. 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. Frank Livermore 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 06/2023, Frank Livermore Trust generated $77.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $98.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Frank Livermore Trust has awarded 88 individual grants totaling $430,489. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOY SCOUTS OF AMERICA - EAGLE SCOUT SCHOLARSHIPS (4 YEAR SCHOLARSHIPS OF 2,000 TO 6,000 PER YEAR - 10 TO 14 AWARDS PER YEAR).
MUSEUM OF AMERICAN HERITAGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Gillis Treasurer | 0 | $0 | |
James P Todd Trustee | 0 | $0 | |
Shelly Monfort Trustee | 0 | $0 | |
William Stark Trustee | 0 | $0 | |
Ken Kormanak Trustee | 0 | $0 | |
Carl Moerdyke Chairman | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $31,000 |
| Dividends & Interest | $32,042 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,991 |
| Capital Gain Net Income | $13,991 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $77,033 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,140 |
| Depreciation | $0 |
| Occupancy | $47,255 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,518 |
| Total operating and administrative expenses | $52,913 |
| Contributions, gifts, grants paid | $45,333 |
| Total expenses and disbursements | $98,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,336 |
| 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 | $1,475,075 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,509,411 |
| 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, Frank Livermore Trust has awarded $45,333 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ANDY WANG PURPOSE: SCHOLARSHIP | $6,000 |
RYAN MEI PURPOSE: SCHOLARSHIP | $4,000 |
GAGE RODRIQUEZ PURPOSE: SCHOLARSHIP | $2,000 |
NEIL KAPOOR PURPOSE: SCHOLARSHIP | $4,000 |
ASHOK RAMKUMAR PURPOSE: SCHOLARSHIP | $4,000 |
BENJAMIN FALKENBURG PURPOSE: SCHOLARSHIP | $4,000 |