Robert H And Eleanor S Heald Trust
- Assets
- $1.4m
- Revenue
- $94.4k
- Investments
- $922.0k
- Employees
- 0
- Location
- Camden, ME
- Founding
- 05/1995
- Data as of
- 12/2023
- EIN
- 01-6131271
Organization Overview
Robert H And Eleanor S Heald Trust is located in Camden, ME. The organization was established in 1995. 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. Robert H And Eleanor S Heald 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 12/2023, Robert H And Eleanor S Heald Trust generated $94.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.9%) each year. All expenses for the organization totaled $92.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Robert H And Eleanor S Heald Trust has awarded 32 individual grants totaling $636,302. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PER THE WILLS OF THE DECEDENTS, AS AMENDED IN 2001 BY THE KNOX COUNTY PROBATE COURT, INCOME EARNED ON INVESTMENTS IS DISTRIBUTED TO LOCAL CHARITABLE PURPOSES AS FOLLOWS: PEOPLE'S UNITED METHODIST CHURCH IN UNION, ME RECEIVES FUNDING FOR LOCAL NEEDS; THE TOWN OF UNION SCHOLARSHIP COMMITTEE RECEIVES FUNDING FOR ROBERT & ELEANOR HEALD SCHOLARSHIP FUND, WHICH AWARDS SCHOLARSHIPS TO HIGH SCHOOL STUDENTS WHO ARE RESIDENTS OF UNION, ME; UNION HISTORICAL SOCIETY RECEIVES FUNDING FOR GENERAL OPERATIONS; AND VOSE LIBRARY IN UNION, ME RECEIVES FUNDING FOR LIBRARY OPERATIONS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $552 |
| Dividends & Interest | $39,372 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,451 |
| Capital Gain Net Income | $54,451 |
| Net ST Capital Gain | $54,451 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $94,375 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,246 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $534 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $774 |
| Total operating and administrative expenses | $20,604 |
| Contributions, gifts, grants paid | $72,000 |
| Total expenses and disbursements | $92,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $473,122 |
| 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 | $117,953 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,395,108 |
| 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, Robert H And Eleanor S Heald Trust has awarded $72,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PEOPLE'S UNITED METHODIST CHURCH PURPOSE: LOCAL NEEDS WITHIN UNION, ME | $16,628 |
TOWN OF UNION SCHOLARSHIP COMMITTEE PURPOSE: SCHOLARSHIPS FOR UNION RESIDENTS | $27,663 |
UNION HISTORICAL SOCIETY PURPOSE: ORGANIZATIONAL OPERATIONS | $11,082 |
VOSE LIBRARY PURPOSE: LIBRARY OPERATIONS | $16,627 |