Dr Neil & Elaine Trotman Family Foundation
- Assets
- $432.7k
- Revenue
- $36.3k
- Investments
- $403.0k
- Employees
- 0
- Location
- Fortine, MT
- Founding
- 04/2008
- Data as of
- 06/2024
- EIN
- 26-1167161
Organization Overview
Dr Neil & Elaine Trotman Family Foundation is located in Fortine, MT. 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. Dr Neil & Elaine Trotman Family Foundation 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 06/2024, Dr Neil & Elaine Trotman Family Foundation generated $36.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $176.9k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Dr Neil & Elaine Trotman Family Foundation has awarded 28 individual grants totaling $264,621. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATION TO MAYO CLINIC FOR ALZHEIMER'S DISEASE RESEARCH.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lea Ann Trotman Smith President | 20 | $75,000 | |
Kenneth N Trotman Treasurer | 18 | $75,000 | |
Elaine G Trotman Chairperson | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,069 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,234 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $36,303 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $12,060 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,587 |
| Printing and publications | $0 |
| Other expenses | $120 |
| Total operating and administrative expenses | $166,332 |
| Contributions, gifts, grants paid | $10,561 |
| Total expenses and disbursements | $176,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,772 |
| Savings and temporary cash investments | $16,465 |
| 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 | $1,500 |
| Total assets | $432,730 |
| 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, Dr Neil & Elaine Trotman Family Foundation has awarded $27,949 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MAYO CLINIC PURPOSE: ALZHEIMER'S DISEASE RESEARCH | $20,000 |
ST JUDE'S CHILDREN'S RESEARCH HOSP PURPOSE: MEDICAL RESEARCH | $7,949 |