Bruce Mitchell Foundation Trust
- Assets
- $5.0m
- Revenue
- $75.8k
- Investments
- $4.3m
- Employees
- 0
- Location
- Parma, ID
- Founding
- 02/1990
- Data as of
- 06/2024
- EIN
- 94-3107820
Organization Overview
Bruce Mitchell Foundation Trust is located in Parma, ID. The organization was established in 1990. 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. Bruce Mitchell Foundation 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 06/2024, Bruce Mitchell Foundation Trust generated $75.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (27.6%) each year. All expenses for the organization totaled $340.8k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Bruce Mitchell Foundation Trust has awarded 16 individual grants totaling $1,140,475. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS
CHARITABLE CONTRIBUTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Johnson Trustee | 0 | $0 | |
Anita Kiser Trustee | 0 | $0 | |
Duane Kido Trustee | 0 | $0 | |
Faere Watson Trustee | 0 | $0 | |
Todd Wong Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000 |
| Interest on Savings | $15,573 |
| Dividends & Interest | $169,520 |
| Net Rental Income | $45,562 |
| Net Gain on Sale of Assets | -$169,879 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $75,776 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,072 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,358 |
| Total operating and administrative expenses | $44,822 |
| Contributions, gifts, grants paid | $295,989 |
| Total expenses and disbursements | $340,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,999 |
| Savings and temporary cash investments | $476,886 |
| 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 | $150,000 |
| Total assets | $4,968,848 |
| 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, Bruce Mitchell Foundation Trust has awarded $295,989 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COSSA PURPOSE: CHARITABLE CONTRIBUTION | $7,500 |
PARMA CEMETERY DISTRICT PURPOSE: CHARITABLE CONTIRUBTION | $1,000 |
SEE ATTACHED SCHEDULE PURPOSE: SCHOLARSHIPS | $286,989 |
SILVER CITY LODGE PURPOSE: CHARITABLE CONTRIBUTION | $500 |