Frances Demrick Charitable Tr
- Assets
- $376.2k
- Revenue
- $18.4k
- Investments
- $363.9k
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 01/1999
- Data as of
- 03/2024
- EIN
- 06-6398197
Organization Overview
Frances Demrick Charitable Tr is located in Las Vegas, NV. The organization was established in 1999. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Frances Demrick Charitable Tr 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 03/2024, Frances Demrick Charitable Tr generated $18.4k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $22.0k during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 5 years. 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 | $11,857 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,521 |
| Capital Gain Net Income | $6,521 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $35 |
| Total Revenue | $18,413 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,795 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $144 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,997 |
| Contributions, gifts, grants paid | $14,000 |
| Total expenses and disbursements | $21,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,278 |
| 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 | $363,906 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $376,184 |
| 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, Frances Demrick Charitable Tr has awarded $14,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
RIDGEFIELD VISITING NURSE ASSOC PURPOSE: GENERAL OPERATING | $2,000 |
THE BOYS & GIRLS CLUB OF RIDGEFIELD PURPOSE: GENERAL OPERATING | $2,000 |
ABILITY BEYOND DISABILITY PURPOSE: GENERAL OPERATING | $2,000 |
RIDGEFIELD SYMPHONY ORCHESTRA FDN PURPOSE: GENERAL OPERATING | $2,000 |
RIDGEFIELD SCHOLARSHIP GROUP INC PURPOSE: GENERAL OPERATING | $2,000 |
REGIONAL HOSPICE OF WESTERN CT PURPOSE: GENERAL OPERATING | $2,000 |