Florence E Drew Trust 10-10-123-0019020
- Assets
- $607.2k
- Revenue
- $29.8k
- Investments
- $603.5k
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 09/1976
- Data as of
- 04/2024
- EIN
- 01-6044172
Organization Overview
Florence E Drew Trust 10-10-123-0019020 is located in Brooklyn, OH. The organization was established in 1976. 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. Florence E Drew Trust 10-10-123-0019020 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 04/2024, Florence E Drew Trust 10-10-123-0019020 generated $29.8k 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 (3.5%) each year. All expenses for the organization totaled $41.9k during the year ending 04/2024. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Florence E Drew Trust 10-10-123-0019020 has awarded 25 individual grants totaling $165,000. 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 | $18,228 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,375 |
| Capital Gain Net Income | $11,375 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $164 |
| Total Revenue | $29,767 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,664 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $158 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,872 |
| Contributions, gifts, grants paid | $33,000 |
| Total expenses and disbursements | $41,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,645 |
| 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 | $603,512 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $607,157 |
| 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, Florence E Drew Trust 10-10-123-0019020 has awarded $33,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
YMCA CAMP OF MAINE PURPOSE: GENERAL OPERATING | $6,600 |
THE SALVATION ARMY PURPOSE: GENERAL OPERATING | $3,300 |
YMCA AUGUSTA PURPOSE: GENERAL OPERATING | $16,500 |
MGMC PURPOSE: GENERAL OPERATING | $3,300 |
MAINE GENERAL MEDICAL CENTER PURPOSE: GENERAL OPERATING | $3,300 |