T 7291 Howard Young Medical Center Trust
- Assets
- $41.7m
- Revenue
- $2.5m
- Investments
- $41.1m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/1973
- Data as of
- 05/2022
- EIN
- 13-3062211
Organization Overview
T 7291 Howard Young Medical Center Trust is located in Chicago, IL. The organization was established in 1973. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. T 7291 Howard Young Medical Center 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 05/2022, T 7291 Howard Young Medical Center Trust generated $2.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $2.9m during the year ending 05/2022. While expenses have increased by 8.0% per year over the past 6 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,690,753 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $805,081 |
| Capital Gain Net Income | $805,081 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,495,834 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $277,225 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $73,787 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $351,012 |
| Contributions, gifts, grants paid | $2,583,139 |
| Total expenses and disbursements | $2,934,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,866 |
| Savings and temporary cash investments | $535,938 |
| 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 | $2,764,791 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $41,734,939 |
| 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 |
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