Elsa M Heisel Sule Charitable Trust
- Assets
- $24.1m
- Revenue
- $688.0k
- Investments
- $23.8m
- Employees
- 0
- Location
- Ft Mitchell, KY
- Founding
- 09/2011
- Data as of
- 12/2022
- EIN
- 20-7277661
Organization Overview
Elsa M Heisel Sule Charitable Trust is located in Ft Mitchell, KY. The organization was established in 2011. 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 the central organization for a national or regional group of organizations. Elsa M Heisel Sule Charitable 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 12/2022, Elsa M Heisel Sule Charitable Trust generated $688.0k 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 (20.0%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Elsa M Heisel Sule Charitable Trust has awarded 637 individual grants totaling $6,735,436. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Klette Trustee | 50 | $246,444 | |
Jordan Klette-Cusher Foundation Mgr. | 40 | $67,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $42,049 |
| Dividends & Interest | $717,541 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$71,611 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $687,979 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $313,944 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,188 |
| Depreciation | $220 |
| Occupancy | $18,366 |
| Travel, conferences, and meetings | $2,106 |
| Printing and publications | $0 |
| Other expenses | $75,818 |
| Total operating and administrative expenses | $513,822 |
| Contributions, gifts, grants paid | $900,819 |
| Total expenses and disbursements | $1,414,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,843 |
| Savings and temporary cash investments | $156,076 |
| 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 | $30,992 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,376,356 |
| Net Land, buildings, and equipment | $551 |
| Other assets | $0 |
| Total assets | $24,051,059 |
| 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 | $1 |
| Total liabilities | $1 |
Grants Awarded
Over the last fiscal year, Elsa M Heisel Sule Charitable Trust has awarded $900,819 in support to 105 organizations.
| Grant Recipient | Amount |
|---|---|
MADISON AVE CHRISTIAN CHURCH PURPOSE: PROGRAM SUPPORT | $3,200 |
CIRCLE TAIL PURPOSE: FURNISHINGS FOR NEW BUILDING | $3,500 |
WAVE FOUNDATION OF THE NEWPORT AQUA PURPOSE: PROGRAM SUPPORT | $2,500 |
IMPACT 100 PURPOSE: PROVIDE MEMBERSHIP SUPPORT | $4,700 |
ST VINCENT DEPAUL PURPOSE: FUNDING FOR COAT DRIVE | $7,500 |
UC FOUNDATION PURPOSE: SCHOLARSHIP | $20,000 |