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 06/2022, Dr Neil & Elaine Trotman Family Foundation generated $39.5k 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 (9.5%) each year. All expenses for the organization totaled $201.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 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 22 individual grants totaling $212,305. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATION TO MAYO CLINIC FOR ALZHEIMER'S DISEASE RESEARCH.
DONATION TO AGELESS AVIATION DREAMS FOUNDATION TO PROVIDE DREAM FLIGHTS FOR SENIORS AND US MILITARY VETERANS LIVING IN LONG-TERM CARE COMMUNITIES.
DONATION TO ST. JUDE CHILDREN'S RESEARCH HOSPITAL FOR MEDICAL RESEARCH AND CARE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lea Ann Trotman Smith President | 20 | $75,000 | |
Kenneth N Trotman Treasurer | 17 | $75,000 | |
Elaine G Trotman Chairperson | 0 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $12,495 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $26,955 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $39,450 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $150,000 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $11,610 |
Interest | $0 |
Taxes | $20 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $2,488 |
Printing and publications | $0 |
Other expenses | $124 |
Total operating and administrative expenses | $166,758 |
Contributions, gifts, grants paid | $35,126 |
Total expenses and disbursements | $201,884 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $14,344 |
Savings and temporary cash investments | $12,661 |
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 | $1,000 |
Total assets | $689,973 |
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 |
Over the last fiscal year, Dr Neil & Elaine Trotman Family Foundation has awarded $35,126 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
Rochester, MN PURPOSE: ALZHEIMER'S DISEASE RESEARCH | $20,000 |
ST JUDE'S CHILDREN'S RESEARCH HOSP PURPOSE: MEDICAL RESEARCH | $9,000 |
Carson City, NV PURPOSE: DREAM FLIGHT SPONSORSHIP | $6,126 |
Organization Name | Assets | Revenue |
---|---|---|
Holland M Ware Charitable Foundation Eagle, ID | $219,618,856 | $24,900,954 |
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Larson Foundation Sioux Falls, SD | $23,259,212 | -$633,184 |
John T Vucurevich Foundation Rapid City, SD | $151,565,692 | $20,798,188 |
Greg Carr Foundation Inc Idaho Falls, ID | $40,032,587 | $6,894,106 |
Rob and Terry Ryan Foundation (MONTANA) INC Hamilton, MT | $0 | $1,856,642 |
Michael D And Susan H Arnesonfamily Foundation Inc Gallatin Gateway, MT | $0 | $612,050 |
North Dakota Natural Resources Trust Inc Bismarck, ND | $40,272,608 | $8,625,050 |
Allen Wyoming Foundation Inc Cody, WY | $22,700,817 | $3,733,473 |
Mcm Foundation Inc Boise, ID | $0 | $21,729 |
Cross Charitable Foundation Inc Bozeman, MT | $59,251,378 | $4,939,274 |
Tykeson Fam Charitable Tr Ovando, MT | $84,261,165 | $6,505,228 |