Sophie Russell Test Trust
- Assets
- $1.8m
- Revenue
- $126.5k
- Investments
- $1.8m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 09/1971
- Data as of
- 03/2024
- EIN
- 99-6002398
Organization Overview
Sophie Russell Test Trust is located in Honolulu, HI. The organization was established in 1971. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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.
For the year ending 03/2024, Sophie Russell Test Trust generated $126.5k 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 (14.1%) each year. All expenses for the organization totaled $126.7k during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Sophie Russell Test Trust has awarded 11 individual grants totaling $310,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $56,855 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $69,629 |
| Capital Gain Net Income | $69,629 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $126,484 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $23,663 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,280 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $705 |
| Total operating and administrative expenses | $36,705 |
| Contributions, gifts, grants paid | $90,000 |
| Total expenses and disbursements | $126,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,933 |
| Savings and temporary cash investments | $22,909 |
| 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 | $1,785,490 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,810,332 |
| 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, Sophie Russell Test Trust has awarded $90,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE NATURE CONSERVANCY PURPOSE: KA'U PERSERVE AGROFORESTRY | $30,000 |
GIRL SCOUTS OF HAWAII PURPOSE: GIRL SCOUT LEADERSHIP | $30,000 |
ALOHA HARVEST PURPOSE: HARVEST OAHU FOOD RESCUE | $30,000 |