Erral A Vaile & Evelyn L Cleaveland Memorial Tr Fnd For Stud Of Music
- Assets
- $303.6k
- Revenue
- $18.6k
- Investments
- $293.1k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 09/1994
- Data as of
- 12/2022
- EIN
- 03-0343444
Organization Overview
Erral A Vaile & Evelyn L Cleaveland Memorial Tr Fnd For Stud Of Music is located in Wilmington, DE. The organization was established in 1994. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Erral A Vaile & Evelyn L Cleaveland Memorial Tr Fnd For Stud Of Music 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 12/2022, Erral A Vaile & Evelyn L Cleaveland Memorial Tr Fnd For Stud Of Music generated $18.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $26.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,685 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,922 |
| Capital Gain Net Income | $11,922 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,607 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,668 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $723 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,291 |
| Contributions, gifts, grants paid | $19,205 |
| Total expenses and disbursements | $26,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,434 |
| 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 | $0 |
| Total assets | $303,551 |
| 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, Erral A Vaile & Evelyn L Cleaveland Memorial Tr Fnd For Stud Of Music has awarded $19,205 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF VERMONT PURPOSE: SUPPORT | $6,570 |
LANDMARK COLLEGE PURPOSE: SUPPORT | $2,250 |
UNIVERSITY OF MASSACHUSETTS PURPOSE: SUPPORT | $4,135 |
UNIVERSITY OF AMHERST PURPOSE: SUPPORT | $3,900 |
ITHACA COLLEGE PURPOSE: SUPPORT | $2,350 |