Marian Mullin Hancock Charitable Tr 031893
- Assets
- $9.4m
- Revenue
- $663.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 95-6947778
Organization Overview
Marian Mullin Hancock Charitable Tr 031893 is located in Chicago, IL. The organization was established in 1993. 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. Marian Mullin Hancock Charitable Tr 031893 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 12/2021, Marian Mullin Hancock Charitable Tr 031893 generated $663.7k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $689.3k during the year ending 12/2021. While expenses have increased by 3.4% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Marian Mullin Hancock Charitable Tr 031893 has awarded 16 individual grants totaling $2,161,679. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE ORGANIZATIONS LISTED IN SCHEDULE A, PART I
Describe the Organization's Program Activity:
GRANT PAID TO SUPPORTED ORGANIZATION - MARIAN MEDICAL CENTER
GRANT PAID TO SUPPORTED ORGANIZATION - SISTERS OF ST. FRANCIS
GRANT PAID TO SUPPORTED ORGANIZATION - ALLAN HANCOCK COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Gherini Co-Trustee | Trustee | $65,191 | |
Northern Trust N A Co-Trustee | $63,520 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $301,240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $316,079 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $663,722 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,483 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,850 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $689,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $307,378 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $9,060,558 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,967 |
| Total assets | $9,421,903 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $9,421,903 |
| Total liabilities and net assets/fund balances | $9,421,903 |
Grants Awarded
Over the last fiscal year, Marian Mullin Hancock Charitable Tr 031893 has awarded $606,255 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MARIAN MEDICAL CENTER PURPOSE: GENERAL SUPPORT | $303,127 |
SISTERS OF ST FRANCIS PURPOSE: FOR THE EXCLUSIVE USE AND CARE OF THE ELDERLY SISTERS | $151,564 |
ALLAN HANCOCK COLLEGE PURPOSE: GENERAL SUPPORT | $121,251 |
ST VINCENT'S SCHOOL PURPOSE: GENERAL SUPPORT | $30,313 |