M E Tate Royalty Trust
- Assets
- $146.3k
- Revenue
- $155.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Casper, WY
- Founding
- 03/2002
- Data as of
- 12/2023
- 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 12/2023, M E Tate Royalty Trust generated $155.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $181.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, M E Tate Royalty Trust has awarded 56 individual grants totaling $798,847. 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 | $279 |
| Dividends & Interest | $0 |
| Net Rental Income | $1,470 |
| 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 | $154,154 |
| Total Revenue | $155,903 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,731 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,276 |
| Depreciation | $22,765 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,062 |
| Total operating and administrative expenses | $59,834 |
| Contributions, gifts, grants paid | $121,362 |
| Total expenses and disbursements | $181,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,934 |
| Savings and temporary cash investments | $26,329 |
| 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 |
| Total assets | $146,264 |
| 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, M E Tate Royalty Trust has awarded $121,362 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUBS OF CENTRAL WYOMING PURPOSE: UNRESTRICTED USE | $17,338 |
CENTRAL WYOMING COUNCIL BOY SCOUTS PURPOSE: UNRESTRICTED USE | $17,338 |
FIRST UNITED METHODIST CHURCH PURPOSE: UNRESTRICTED USE | $17,338 |
GIRL SCOUT COUNCIL OF WYOMING PURPOSE: UNRESTRICTED USE | $17,337 |
NATRONA COUNTY BLUE ENVELOPE HEALTH FUND PURPOSE: UNRESTRICTED USE | $17,337 |
SHRINERS HOSPITALS FOR CHILDREN PURPOSE: UNRESTRICTED USE | $17,337 |