Katherine B Clagett Charitable Tr
- Assets
- $248.4k
- Revenue
- $20.0k
- Investments
- $202.1k
- Employees
- 0
- Location
- Upper Marlboro, MD
- Founding
- 06/2008
- Data as of
- 12/2022
- EIN
- 20-7194792
Organization Overview
Katherine B Clagett Charitable Tr is located in Upper Marlboro, MD. 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. Katherine B Clagett 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, Katherine B Clagett Charitable Tr generated $20.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.0% each year . All expenses for the organization totaled $15.7k during the year ending 12/2022. While expenses have increased by 3.0% per year over the past 7 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen C Carr Trustee | 0 | $0 | |
Elizabeth M Clagett Trustee | 0 | $0 | |
Hugh C Clagett Trustee | 0 | $0 | |
John Carr Trustee | 0 | $0 | |
Jon D Jacobs Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $8,050 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,990 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,971 |
| Total Revenue | $20,017 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $94 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $219 |
| Total operating and administrative expenses | $4,117 |
| Contributions, gifts, grants paid | $11,550 |
| Total expenses and disbursements | $15,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,287 |
| 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 | $248,436 |
| Accounts payable and accrued expenses | $11,550 |
| 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 | $11,550 |
Grants Awarded
Over the last fiscal year, Katherine B Clagett Charitable Tr has awarded $11,550 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
THE ARC OF SOUTHERN MD PURPOSE: DEVELOPMENTAL DISABILITIES | $1,600 |
ST JUDES CHILDREN'S HOSPITAL PURPOSE: CURE/PREVENT PEDIATRIC DISEASES | $1,500 |
HOSPICE OF THE CHESAPEAKE PURPOSE: CARE OF TERMINALLY ILL | $1,425 |
FOOD BANK CENTRAL & EASTERN NC PURPOSE: MEETING HUMAN NEEDS | $2,000 |
AMERICAN RED CROSS PURPOSE: PREVENT HUMAN SUFFERING IN EMERGENCIES | $200 |
THE TUNNEL TO TOWERS FOUNDATION PURPOSE: MEETING HUMAN NEEDS | $200 |