Thomas J & Florence M Allen Trust
- Assets
- $867.7k
- Revenue
- $90.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Wellsboro, PA
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 23-6633874
Organization Overview
Thomas J & Florence M Allen Trust is located in Wellsboro, PA. The organization was established in 0000. 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.
For the year ending 12/2021, Thomas J & Florence M Allen Trust generated $90.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $46.6k during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING ORGANIZATION FOR A 501(C)(3) CHARITY THE ALLEN TRUST DOES NOT MEET THE REQUIREMENTS TO BE A SUPPORTING ORGANIZATION (NEITHER TYPE I, II NOR III), BUT DUE TO ITS FORMATION BEING PRIOR TO 1969 IT IS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT SUPPORT OF THE NORTHERN TIER CHILDREN'S HOME, INC. IN PROVIDING A BENEVOLENT, CHARITABLE AND EDUCATIONAL PROGRAM TO CARE FOR, PROTECT, REAR, HOUSE, EDUCATE AND TREAT DEPENDENT, NEGLECTED AND DELINQUENT CHILDREN. THE ALLEN TRUST IS REQUIRED BY ITS GOVERNING INSTRUMENT TO SUPPORT THESE ACTIVITIES OF THE HOME. THE TRUST IS A "SUPPORTING ORGANIZATION" OF A PUBLICLY-SUPPORTED CHARITY AS DESCRIBED IN IRC SECTION 509(A)(3). DUE TO THE FACT THAT THE TRUST'S TRUSTEE
MANAGES OTHER FUNDS FOR THE HOME, THE TRUST PROVIDES A SUBSTANTIAL AMOUNT OF ANNUAL FUNDING FOR THE HOME'S CORE PROGRAMS AND MEETS THE RESPONSIVENESS REQUIREMENTS OF TREASURY REGULATIONS SECTION 1.509(A)-4(I)(2)(III), THE TRUST MEETS BOTH THE RESPONSIVENESS TEST AND THE INTEGRAL PART TEST SET FORTH IN TREASURY REGULATIONS SECTION 1.509(A)-4(F)(2)(III). THE TRUST QUALIFIES AS A "TYPE I" SUPPORTING ORGANIZATION.
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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 | $46,562 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $43,769 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $90,331 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,773 |
| 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. | $10,995 |
| Compensation of current officers, directors, key employees. | $5,497 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $815 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| 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 | $46,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,568 |
| 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 | $835,110 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $867,678 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $867,678 |
| 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 | $867,678 |
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