Norwottock Charitable Trust
- Assets
- $63.2k
- Revenue
- $50.2k
- Investments
- $61.1k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 12/1987
- Data as of
- 12/2023
- EIN
- 04-6561597
Organization Overview
Norwottock Charitable Trust is located in Chicago, IL. The organization was established in 1987. 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. Norwottock Charitable 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, Norwottock Charitable Trust generated $50.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (26.8%) each year. All expenses for the organization totaled $101.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Norwottock Charitable Trust has awarded 275 individual grants totaling $538,718. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adele Smith Simmons Trustee | 0 | $0 | |
Erica S Simmons Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $239 |
| Dividends & Interest | $4,007 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $40,976 |
| Capital Gain Net Income | $40,976 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,222 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $8,083 |
| Contributions, gifts, grants paid | $93,063 |
| Total expenses and disbursements | $101,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,052 |
| 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 | $11,381 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $63,187 |
| 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, Norwottock Charitable Trust has awarded $93,063 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
350ORG PURPOSE: UNRESTRICTED | $500 |
122 E 66TH ST FOUNDATION PURPOSE: UNRESTRICTED | $250 |
AMERICAN ACADEMY OF ARTS AND SCIENC PURPOSE: UNRESTRICTED | $250 |
AMERICAN PROSPECT PURPOSE: UNRESTRICTED | $5,000 |
ARIZONA CENTER FOR INTEGRATIVE MED PURPOSE: UNRESTRICTED | $3,000 |
ART INSTITUTE OF CHICAGO PURPOSE: UNRESTRICTED | $1,000 |