Garrett Chapel Memorial Trust
- Assets
- $1.1m
- Revenue
- $280.2k
- Investments
- $998.5k
- Employees
- 1
- Location
- Guilford, CT
- Founding
- 12/1959
- Data as of
- 12/2021
- EIN
- 16-0759023
Organization Overview
Garrett Chapel Memorial Trust is located in Guilford, CT. The organization was established in 1959. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garrett Chapel Memorial 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 12/2021, Garrett Chapel Memorial Trust generated $280.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $625.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
UPKEEP OF THE GARRETT MEMORIAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAID TO GARRETT MEMORIAL CHAPEL FOR THE UPKEEP AND GENERAL USE AS STATED IN GOVERNING INSTRUMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Barden Treas & Secy | OfficerTrustee | 1 | $0 |
Maria Barden President | OfficerTrustee | 1 | $0 |
Prince Singh Trustee | Trustee | 1 | $0 |
Barbara Bruning Trustee | Trustee | 1 | $0 |
Alan Byrne Trustee | Trustee | 1 | $0 |
John Bruning Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $142,456 |
| Noncash contributions included in lines 1a–1f | $29,768 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $142,456 |
| Total Program Service Revenue | $0 |
| Investment income | $38,913 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $98,818 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $280,187 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,790 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,000 |
| Payroll taxes | $2,091 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,000 |
| Fees for services: Other | $1,904 |
| Advertising and promotion | $0 |
| Office expenses | $589 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $338 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,500 |
| All other expenses | $1,755 |
| Total functional expenses | $625,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,404 |
| Savings and temporary cash investments | $36,935 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,719 |
| Investments—other securities | $998,485 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,131,543 |
| Accounts payable and accrued expenses | $2,775 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,775 |
| Net assets without donor restrictions | $328,768 |
| Net assets with donor restrictions | $800,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,131,543 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Garrett Chapel Memorial Trust has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Young Mens And Young Womens Hebrew Association New York, NY | $131,039,386 | $88,362,629 |
Word Of Life Foundation Inc Schroon Lake, NY | $29,167,251 | $32,657,621 |
United States Catholic Conference Braintree, MA | $123,922,758 | $12,241,413 |
Episcopal Church Foundation New York, NY | $650,053,865 | $6,623,247 |
American Friends Of Lev Aharon New York, NY | $614,615 | $3,691,815 |
Jewish Foundation Of Greater New Haven Inc Woodbridge, CT | $82,672,017 | $6,191,311 |
Friends Of Odyssey Impact Inc New York, NY | $9,035,601 | $1,158,270 |
Trustees Of Colt Bequest Inc Hartford, CT | $74,046,070 | $7,649,069 |
Icny Land Owner Corporation New York City, NY | $36,528,101 | $2,265,710 |
Shuvi Nafshi Foundation Inc Brooklyn, NY | $171,733 | $1,661,417 |
Jem Foundation Inc Brooklyn, NY | $1,781,037 | $2,083,795 |
American Friends Of Migdal Torah Inc Brooklyn, NY | $316,032 | $1,219,610 |