Mildred L Cannon Trust
- Assets
- $430.1k
- Revenue
- $80.0k
- Investments
- $392.3k
- Employees
- 0
- Location
- Vernon, CT
- Founding
- 00/0000
- Data as of
- 09/2024
- 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 09/2024, Mildred L Cannon Trust generated $80.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $58.5k during the year ending 09/2024. While expenses have increased by 0.3% per year over the past 5 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 52 individual grants totaling $221,500. 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
2024
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 | $22,331 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $57,644 |
| Capital Gain Net Income | $57,644 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $79,975 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,147 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,876 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $467 |
| Total operating and administrative expenses | $20,481 |
| Contributions, gifts, grants paid | $38,000 |
| Total expenses and disbursements | $58,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,798 |
| 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 | $430,081 |
| 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 $38,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
HARTFORD HOSPITAL-SUSAN D FLYNN PROGRAM PURPOSE: ALLEVIATE SUFFERING FROM CANCER AND HEART DISEASE. | $2,500 |
MALTA HOUSE OF CARE PURPOSE: ALLEVIATE SUFFERING FROM CANCER AND HEART DISEASE | $3,000 |
RONALD MCDONALD HOUSE OF CT PURPOSE: ALLEVIATE SUFFERING FROM CANCER AND HEART DISEASE | $1,000 |
ST JUDE'S CHILDRENS RESEARCH HOSPITAL PURPOSE: ALLEVIATE SUFFERING FROM CANCER AND HEART DISEASE | $1,000 |
SUFFIELD COMMUNITY AID PURPOSE: ALLEVIATE SUFFERING FROM CANCER AND HEART DISEASE. | $10,000 |
THE HOLE IN THE WALL GANG PURPOSE: ALLEVIATE SUFFERING FROM CANCER AND HEART DISEASE | $8,000 |