M E Tate Royalty Trust
- Assets
- $149.2k
- Revenue
- $156.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Casper, WY
- Founding
- 03/2002
- Data as of
- 12/2022
- EIN
- 83-6014364
Organization Overview
M E Tate Royalty Trust is located in Casper, WY. The organization was established in 2002. 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. M E Tate Royalty 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, M E Tate Royalty Trust generated $156.3k 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 (5.3%) each year. All expenses for the organization totaled $146.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, M E Tate Royalty Trust has awarded 42 individual grants totaling $633,296. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $77 |
| Dividends & Interest | $0 |
| Net Rental Income | $1,366 |
| 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 | $154,871 |
| Total Revenue | $156,314 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,735 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,651 |
| Depreciation | $23,231 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,713 |
| Total operating and administrative expenses | $61,330 |
| Contributions, gifts, grants paid | $85,006 |
| Total expenses and disbursements | $146,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,068 |
| Savings and temporary cash investments | $26,107 |
| 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 | $149,175 |
| 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 | $383 |
| Total liabilities | $383 |
Grants Awarded
Over the last fiscal year, M E Tate Royalty Trust has awarded $85,006 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL WYOMING COUNCIL BOY SCOUTS PURPOSE: UNRESTRICTED USE | $12,144 |
GIRL SCOUT COUNCIL OF WYOMING PURPOSE: UNRESTRICTED USE | $12,144 |
Casper, WY PURPOSE: UNRESTRICTED USE | $12,144 |
NATRONA COUNTY BLUE ENVELOPE HEALTH FUND PURPOSE: UNRESTRICTED USE | $12,144 |
FIRST UNITED METHODIST CHURCH PURPOSE: UNRESTRICTED USE | $12,144 |
Tampa, FL PURPOSE: UNRESTRICTED USE | $12,143 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holland M Ware Charitable Foundation Eagle, ID | $219,618,856 | $24,900,954 |
Sorenson Legacy Foundation Midvale, UT | $495,708,411 | $38,649,828 |
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Brent Eley Center Inc Aurora, CO | $0 | $0 |
Boettcher Foundation Denver, CO | $266,743,315 | $22,782,794 |
Charityvision International Inc Provo, UT | $7,076,179 | $9,590,152 |
Larson Foundation Sioux Falls, SD | $23,259,212 | -$633,184 |
John T Vucurevich Foundation Rapid City, SD | $151,565,692 | $20,798,188 |
R Foundation Kaysville, UT | $410,534 | $5,235,533 |
The Piton Foundation Denver, CO | $212,611,882 | $13,782,087 |
Ssb Charitable Foundation Colorado Springs, CO | $10,867,168 | $21,135,487 |
Greg Carr Foundation Inc Idaho Falls, ID | $40,032,587 | $6,894,106 |