Martha Hursh Yowell Charitable Tr
- Assets
- $10.1m
- Revenue
- $865.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Mahomet, IL
- Founding
- Data as of
- 12/2022
- EIN
- 20-6799151
Organization Overview
Martha Hursh Yowell Charitable Tr is located in Mahomet, IL. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Martha Hursh Yowell 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 12/2022, Martha Hursh Yowell Charitable Tr generated $865.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $506.4k during the year ending 12/2022. While expenses have increased by 1.6% per year over the past 4 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE TRUST IS A TYPE I 509(A)(3) SUPPORTING ORGANIZATION, EXISTING FOR THE EXCLUSIVE PURPOSE OF RAISING AND DISTRIBUTING INCOME TO THE METHODIST PREACHERS AID SOCIETY AND BENEFIT FUND, OF SPRINGFIELD, ILLINOIS, AND EVENGLOW LODGE OF PONTIAC, ILLINOIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DISTRIBUTE 70% OF THE TRUST'S NET INCOME TO THE PREACHER'S AID SOCIETY AND BENEFIT FUND OF THE UNITED METHODIST CHURCH, ILLINOIS GREAT RIVERS CONFERENCE, SPRINGFIELD, IL, TO BE USED EXCLUSIVELY FOR RELIGIOUS OR CHARITABLE PURPOSES, AS DIRECTED BY ARTICLE THIRTEEN OF THE LAST WILL AND TESTAMENT OF MARTHA E. YOWELL, DECEASED.
TO DISTRIBUTE 30% OF THE TRUST'S NET INCOME TO EVENGLOW LODGE OF PONTIAC, ILLINOIS, A NOT-FOR-PROFIT CORPORATION, TO BE USED EXCLUSIVELY FOR CHARITABLE PURPOSES, AS DIRECTED BY ARTICLE THIRTEEN OF THE LAST WILL AND TESTAMENT OF MARTHA E. YOWELL, DECEASED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joellen Sandburg Trustee Trustee | Trustee | 5 | $13,000 |
William A Peithmann Trustee Trustee | Trustee | 5 | $13,000 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $52,092 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $549,739 |
| Net Gain/Loss on Asset Sales | $263,499 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $865,330 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $381,424 |
| 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. | $26,000 |
| Compensation of current officers, directors, key employees. | $26,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $12,000 |
| Fees for services: Legal | $17,000 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,000 |
| Fees for services: Other | $40,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $506,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $757,288 |
| 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 | $7,683,397 |
| Investments—publicly traded securities | $1,680,106 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,120,791 |
| Accounts payable and accrued expenses | $137,500 |
| Grants payable | $548,606 |
| 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 | $1,835,540 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,521,646 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $7,599,145 |
| 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 | $10,120,791 |
Grants Awarded
Over the last fiscal year, Martha Hursh Yowell Charitable Tr has awarded $381,424 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UMC PREACHERS AID SOC 70 | | | $266,997 |
Pontiac, IL | | $114,427 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |