Erwin Fairchild Trust 6078278
- Assets
- $3.3m
- Revenue
- $75.4k
- Investments
- $3.2m
- Employees
- 0
- Location
- Shelton, CT
- Founding
- 00/0000
- Data as of
- 12/2023
- EIN
- 06-6044022
Organization Overview
Erwin Fairchild Trust 6078278 is located in Shelton, CT. The organization was established in 0000. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2023, Erwin Fairchild Trust 6078278 generated $75.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (20.4%) each year. All expenses for the organization totaled $182.9k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL EXPENDITURES REPORTED WERE DIRECT EXPENSES FOR OUR CHARITABLE PURPOSE OR INDIRECT ADMINISTRATIVE EXPENSES RELATED TO THE ERWIN S. FAIRCHILD AND EDYTHE C. FAIRCHILD TRUST AND ITS CHARITABLE ACTIVITY OF ACCUMULATING INCOME TO BE PAID FOR THE BENEFIT OF THE TRUMBULL LIBRARY THROUGH THE LIBRARY ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Myron Christian Trustee/treasurer | 16.5 | $5,000 | |
Mary Whatley Trustee/president | 0.25 | $0 | |
Carol Onorato Trustee/secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $817 |
| Dividends & Interest | $54,233 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,053 |
| Capital Gain Net Income | $20,053 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $330 |
| Total Revenue | $75,433 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,048 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $815 |
| Total operating and administrative expenses | $48,864 |
| Contributions, gifts, grants paid | $134,000 |
| Total expenses and disbursements | $182,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,307 |
| Savings and temporary cash investments | $77,218 |
| 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 | $2,922,734 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,293,362 |
| 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 |