Melitta S And Joan M Pick Charitable Trust
- Assets
- $69.7m
- Revenue
- $15.5m
- Investments
- $53.0m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 11/1972
- Data as of
- 01/2022
- EIN
- 23-7243490
Organization Overview
Melitta S And Joan M Pick Charitable Trust is located in Milwaukee, WI. The organization was established in 1972. 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. Melitta S And Joan M Pick 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 01/2022, Melitta S And Joan M Pick Charitable Trust generated $15.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.1% each year . All expenses for the organization totaled $6.5m during the year ending 01/2022. While expenses have increased by 9.7% 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.
Since 2016, Melitta S And Joan M Pick Charitable Trust has awarded 43 individual grants totaling $14,979,350. 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 |
|---|---|---|---|
Foley Lardner Llp 0 | 0 | $258,800 | |
Richard S Gallagher Trustee | 1 | $0 | |
George A Dionisopoulos Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,658 |
| Dividends & Interest | $1,217,131 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,190,876 |
| Capital Gain Net Income | $14,190,876 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $123,592 |
| Total Revenue | $15,533,257 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $258,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $398,792 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,326 |
| Total operating and administrative expenses | $1,144,511 |
| Contributions, gifts, grants paid | $5,403,000 |
| Total expenses and disbursements | $6,547,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,458,241 |
| 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 | $5,238,935 |
| Total assets | $69,688,567 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Melitta S And Joan M Pick Charitable Trust has awarded $0 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Milwaukee, WI PURPOSE: UNRESTRICTED GRANT | $0 |
BIG BROTHERS BIG SISTERS SHORELINE PURPOSE: UNRESTRICTED GRANT | $0 |
Milwaukee, WI PURPOSE: UNRESTRICTED GRANT | $0 |
Milwaukee, WI PURPOSE: UNRESTRICTED GRANT | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |
Pritzker Traubert Foundation Chicago, IL | $0 | $14,671,849 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
Pohlad Family Foundation Minneapolis, MN | $102,001,164 | $18,381,775 |
Motorola Solutions Foundation Chicago, IL | $427,877 | $12,200,078 |
Gilbert Fam Foundation Detroit, MI | $16,505,480 | $22,733,689 |
The Walsh Foundation Chicago, IL | $179,756,510 | $18,008,076 |
Roy J Carver Charitable Tr Muscatine, IA | $235,043,756 | $22,231,044 |
Richard And Helen Devos Foundation Grand Rapids, MI | $31,037 | $11,215,000 |