Mabel C Covey Private Foundation Trust
- Assets
- $1.3m
- Revenue
- $137.0k
- Investments
- $1.2m
- Employees
- 0
- Location
- Champaign, IL
- Founding
- 04/2008
- Data as of
- 12/2022
- EIN
- 11-3827685
Organization Overview
Mabel C Covey Private Foundation Trust is located in Champaign, IL. The organization was established in 2008. 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. Mabel C Covey Private Foundation 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 12/2022, Mabel C Covey Private Foundation Trust generated $137.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $101.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mabel C Covey Private Foundation Trust has awarded 32 individual grants totaling $503,720. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,845 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $104,113 |
| Capital Gain Net Income | $104,113 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $41 |
| Total Revenue | $136,999 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,497 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,751 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,808 |
| Contributions, gifts, grants paid | $84,832 |
| Total expenses and disbursements | $101,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,776 |
| 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 | $1,282,484 |
| 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, Mabel C Covey Private Foundation Trust has awarded $84,832 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CAPE CORAL COMMUNITY PURPOSE: GENERAL | $21,208 |
PALMER COLLEGE OF CHIROPRACTIC PURPOSE: GENERAL | $21,208 |
THRU THE BIBLE RADIO NETWORK PURPOSE: GENERAL | $21,208 |
THE SALVATION ARMY PURPOSE: GENERAL | $21,208 |