Gladys M Thomas Testamentary Trust
- Assets
- $459.0k
- Revenue
- $29.0k
- Investments
- $450.9k
- Employees
- 0
- Location
- Point Pleasant, NJ
- Founding
- 02/2006
- Data as of
- 12/2023
- EIN
- 02-6144776
Organization Overview
Gladys M Thomas Testamentary Trust is located in Point Pleasant, NJ. The organization was established in 2006. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gladys M Thomas Testamentary 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, Gladys M Thomas Testamentary Trust generated $29.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $35.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gladys M Thomas Testamentary Trust has awarded 44 individual grants totaling $236,000. 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 | $31,682 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,645 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,037 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,553 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,653 |
| Contributions, gifts, grants paid | $27,500 |
| Total expenses and disbursements | $35,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,593 |
| Savings and temporary cash investments | $2,512 |
| 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 | $33,884 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $459,031 |
| 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, Gladys M Thomas Testamentary Trust has awarded $27,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BERGEN CATHOLIC HIGH SCHOOL PURPOSE: SCHOLARSHIPS | $2,500 |
COMMUNITY FDN OF THE FLORIDA KEYS PURPOSE: SCHOLARSHIPS | $5,000 |
JERSEY SHORE RESCUE MISSION PURPOSE: COMMUNITY SUPPORT | $1,000 |
MARINE MAMMAL STRANDING CENTER PURPOSE: COMMUNITY SUPPORT | $2,000 |
OCEAN FIRE COMPANY #1 PURPOSE: COMMUNITY SUPPORT | $5,000 |
POINT PLEASANT FIRST AID PURPOSE: COMMUNITY SUPPORT | $5,000 |