Mildred L Cannon Trust
- Assets
- $413.9k
- Revenue
- $67.3k
- Investments
- $383.4k
- Employees
- 0
- Location
- Vernon, CT
- Founding
- 00/0000
- Data as of
- 09/2022
- EIN
- 06-6227269
Organization Overview
Mildred L Cannon Trust is located in Vernon, CT. The organization was established in 0000. 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. Mildred L Cannon 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 09/2022, Mildred L Cannon Trust generated $67.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 29.6% each year . All expenses for the organization totaled $65.0k during the year ending 09/2022. While expenses have increased by 4.2% per year over the past 3 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 2021, Mildred L Cannon Trust has awarded 35 individual grants totaling $146,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,891 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $44,872 |
| Capital Gain Net Income | $44,872 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $506 |
| Total Revenue | $67,269 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,556 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $886 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $17,541 |
| Contributions, gifts, grants paid | $47,500 |
| Total expenses and disbursements | $65,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,549 |
| Savings and temporary cash investments | $0 |
| 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 | $413,904 |
| 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, Mildred L Cannon Trust has awarded $47,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
WOMEN'S HEALTH RESEARCH AT YALE PURPOSE: ALLEVIATE SUFFERING FROM CANCER AND HEART DISEASE | $10,000 |
SUFFIELD COMMUNITY AID PURPOSE: ALLEVIATE SUFFERING FROM CANCER AND HEART DISEASE | $10,000 |
New Haven, CT PURPOSE: ALLEVIATE SUFFERING FROM CANCER AND HEART DISEASE | $8,000 |
Hartford, CT PURPOSE: ALLEVIATE SUFFERING FROM CANCER AND HEART DISEASE | $7,000 |
HARTTFORD HOSPITAL NURSE NAVIGATORS PURPOSE: ALLEVIATE SUFFERING FROM CANCER AND H EART DISEASE | $5,000 |
DANA-FARBER CANCER INSTITUTE & THE JIMMY FUND PURPOSE: ALLEVIATE SUFFERING FROM CANCER AND HEART DISEASE | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tr Ua 06162003 New York, NY | $24,153,189 | $17,543,623 |
Price Family Foundation Inc New York, NY | $4,922,654 | $6,599,359 |
Hunt Street Fund Inc Needham, MA | $102,244,956 | $9,516,120 |
Virginia B Toulmin Charitable Foundation Iii 20-102080246164 New York, NY | $0 | $3,507,979 |
Margaret A Nagel Tr Uw Art 2 Jericho, NY | $960,283 | $58,879 |
James L Vincent Foundation Boston, MA | $11,098,257 | $1,513,039 |
Lavelle Fund For The Blind Inc New York, NY | $163,250,000 | $53,286,253 |
Robert F & Mary P Hastings Foundation Inc East Amherst, NY | $201,145 | $300,300 |
Chesed Foundation Of America New York, NY | $261,423,843 | $7,176,271 |
Belvedere Charitable Foundation New York, NY | $6,000,444 | $12,756,802 |
The Grossman Family Foundation Cos Cob, CT | $140,113,231 | $7,972,359 |
The Gaudio Family Foundation New York, NY | $177,823,591 | $24,738,830 |