Whitworth 1989 Charitable Trust B
- Assets
- $1.7m
- Revenue
- $105.1k
- Investments
- $1.6m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- Data as of
- 10/2024
- EIN
- 87-2431294
Organization Overview
Whitworth 1989 Charitable Trust B is located in Chicago, IL. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Whitworth 1989 Charitable Trust B 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 10/2024, Whitworth 1989 Charitable Trust B generated $105.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (60.8%) each year. All expenses for the organization totaled $120.3k during the year ending 10/2024. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,229 |
| Interest on Savings | $0 |
| Dividends & Interest | $54,817 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $42,049 |
| Capital Gain Net Income | $42,049 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $105,095 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,010 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,465 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $29,475 |
| Contributions, gifts, grants paid | $90,779 |
| Total expenses and disbursements | $120,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,821 |
| 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 | $1,627,466 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,651,287 |
| 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 |