William Rankin Elizabeth Forbes Rankin Trust
- Assets
- $8.4m
- Revenue
- $526.3k
- Investments
- $8.2m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 12/1973
- Data as of
- 12/2023
- EIN
- 13-6584984
Organization Overview
William Rankin Elizabeth Forbes Rankin Trust is located in Chicago, IL. The organization was established in 1973. 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.
For the year ending 12/2023, William Rankin Elizabeth Forbes Rankin Trust generated $526.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $629.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, William Rankin Elizabeth Forbes Rankin Trust has awarded 20 individual grants totaling $1,923,290. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Co-Trustee | 2 | $103,613 | |
Linda M Cary Co-Trustee | 1 | $16,727 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $274,221 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $252,046 |
| Capital Gain Net Income | $252,046 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $526,267 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,340 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,127 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $750 |
| Total operating and administrative expenses | $136,217 |
| Contributions, gifts, grants paid | $493,275 |
| Total expenses and disbursements | $629,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,287 |
| Savings and temporary cash investments | $119,593 |
| 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 | $521,524 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,444,812 |
| 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, William Rankin Elizabeth Forbes Rankin Trust has awarded $493,275 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
LIGHTHOUSE INTERNATIONAL PURPOSE: GENERAL | $98,655 |
AMERICAN HEART ASSOCIATION INC PURPOSE: GENERAL | $98,655 |
AMERICAN CANCER SOCIETY INC PURPOSE: GENERAL | $98,655 |
THE AMERICAN RED CROSS PURPOSE: GENERAL | $98,655 |
THE SALVATION ARMY GREATER NY PURPOSE: GENERAL | $98,655 |