Richard C Seaver Charitable Trust 12-28-78
- Assets
- $17.9m
- Revenue
- $850.9k
- Investments
- $17.7m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 06/2007
- Data as of
- 12/2022
- EIN
- 95-3311102
Organization Overview
Richard C Seaver Charitable Trust 12-28-78 is located in Los Angeles, CA. The organization was established in 2007. 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. Richard C Seaver Charitable Trust 12-28-78 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, Richard C Seaver Charitable Trust 12-28-78 generated $850.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Richard C Seaver Charitable Trust 12-28-78 has awarded 170 individual grants totaling $5,637,000. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victoria S Dean Trustee | 0 | $0 | |
R Carlton Seaver Trustee | 0 | $0 | |
Patrick T Seaver Trustee | 0 | $0 | |
Christopher Seaver Trustee | 0 | $0 | |
Martha Seaver Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $896 |
| Dividends & Interest | $603,104 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $246,857 |
| Capital Gain Net Income | $246,857 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $850,857 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $41,614 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $104,877 |
| Total operating and administrative expenses | $149,341 |
| Contributions, gifts, grants paid | $1,631,500 |
| Total expenses and disbursements | $1,780,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,174 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $16,225 |
| Total assets | $17,898,329 |
| 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, Richard C Seaver Charitable Trust 12-28-78 has awarded $1,631,500 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
DELTA COLLEGE PURPOSE: EDUCATION | $5,000 |
HARVARD WESTLAKE SCHOOL PURPOSE: EDUCATION | $5,000 |
CATALINA ISLAND CONSERVANCY PURPOSE: CHARITABLE | $205,000 |
LA OPERA PURPOSE: CHARITABLE | $125,000 |
LA PHILARMONIC PURPOSE: CHARITABLE | $11,500 |
MEHER MOUNT PURPOSE: CHARITABLE | $5,000 |