Edwin C Remick Test Tr is located in Laconia, NH. The organization was established in 1994. 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. Edwin C Remick Test Tr 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 06/2022, Edwin C Remick Test Tr generated $929.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $935.4k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TESTAMENTARY TRUST PROVIDES FUNDING FOR THE PRIMARY BENEFICIARY, THE EDWIN C. REMICK FOUNDATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert A Dietz Trustee | 1.5 | $22,200 | |
Mark Temkin Trustee | 2 | $16,200 | |
Linda Normandin Trustee | 1.5 | $16,200 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $669 |
Dividends & Interest | $354,189 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $574,353 |
Capital Gain Net Income | $574,353 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $157 |
Total Revenue | $929,368 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $54,600 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $16,361 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $7,099 |
Total operating and administrative expenses | $160,444 |
Contributions, gifts, grants paid | $775,000 |
Total expenses and disbursements | $935,444 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $741,597 |
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 | $3,138,836 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $16,590,002 |
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 |
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