L C Spring Decd Resid Trust
- Assets
- $9.3m
- Revenue
- $912.6k
- Investments
- $9.0m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 01/2000
- Data as of
- 01/2024
- EIN
- 23-6290545
Organization Overview
L C Spring Decd Resid Trust is located in Las Vegas, NV. The organization was established in 2000. 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. L C Spring Decd Resid 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 01/2024, L C Spring Decd Resid Trust generated $912.6k 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 $803.9k during the year ending 01/2024. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, L C Spring Decd Resid Trust has awarded 12 individual grants totaling $1,968,278. 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 |
|---|---|---|---|
Dianne L Semingson Co Wells Fargo Co-Trustee | 1 | $21,662 | |
Wells Fargo Bank N A Trustee | 1 | $126,184 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $323,095 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $589,538 |
| Capital Gain Net Income | $589,538 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $912,633 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $147,846 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,595 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $332 |
| Total operating and administrative expenses | $163,894 |
| Contributions, gifts, grants paid | $640,000 |
| Total expenses and disbursements | $803,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $347,097 |
| 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 | $4,574,854 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,348,565 |
| 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 | $58,491 |
| Total liabilities | $58,491 |
Grants Awarded
Over the last fiscal year, L C Spring Decd Resid Trust has awarded $640,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE SALVATION ARMY PURPOSE: GENERAL | $42,688 |
SIMPSON HOUSE PURPOSE: GENERAL OPERATING | $170,688 |
BUCKS CITY ASSOC FOR THE BLIND PURPOSE: GENERAL OPERATING | $85,312 |
SHRINERS HOSPITAL FOR CHILDREN PURPOSE: GENERAL OPERATING | $341,312 |