Gladys M Thomas Testamentary Trust
- Assets
- $502.5k
- Revenue
- $40.9k
- Investments
- $470.9k
- Employees
- 0
- Location
- Point Pleasant, NJ
- Founding
- 02/2006
- Data as of
- 12/2021
- 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 12/2021, Gladys M Thomas Testamentary Trust generated $40.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $42.8k during the year ending 12/2021. While expenses have increased by 3.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gladys M Thomas Testamentary Trust has awarded 25 individual grants totaling $135,000. 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 | $25,871 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,050 |
| Capital Gain Net Income | $15,050 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,921 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,932 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $810 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $60 |
| Total operating and administrative expenses | $11,802 |
| Contributions, gifts, grants paid | $31,000 |
| Total expenses and disbursements | $42,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,608 |
| Savings and temporary cash investments | $1,306 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $19,741 |
| Total assets | $502,542 |
| 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 $31,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
OCEAN FIRE DEPT PURPOSE: COMMUNITY SUPPORT | $5,000 |
Point Pleasant, NJ PURPOSE: PROGRAMS | $5,000 |
Key West, FL PURPOSE: SCHOLARSHIPS | $5,000 |
POINT PLEASANT FIRST AID PURPOSE: COMMUNITY SUPPORT | $5,000 |
ST GREGORY FOOD PANTRY PURPOSE: COMMUNITY SUPPORT | $5,000 |
Brick, NJ PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sheetz Family Charities Inc Altoona, PA | $8,145,405 | $4,240,002 |
Ryans Case For Smiles Wayne, PA | $1,412,033 | $1,300,303 |
Kollel Bais Yisrael Brooklyn, NY | $246,843 | $998,434 |
Bais Eluzer Fund Monroe, NY | $1,452,032 | $712,379 |
Little Essentials Brooklyn, NY | $330,194 | $693,584 |
Bundles Of Joy New York Inc Bronxville, NY | $395,317 | $592,898 |
Balakian Family Foundation Tenafly, NJ | $0 | -$1,634 |
Songs Of Love Foundation Forest Hills, NY | $1,668,057 | $546,584 |
Clark Gillies Foundation Farmingdale, NY | $420,107 | $657,215 |
Juvenile Diabetes Cure Alliance New York, NY | $104,904 | $568,991 |
The Jose M Garcia Foundation Inc West Orange, NJ | $0 | $228,578 |
Nissim Veniflaot Lakewood, NJ | $117,648 | $332,628 |