Mary Frost Ashley Charitable Trust
- Assets
- $9.2m
- Revenue
- $413.5k
- Investments
- $9.0m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 03/2009
- Data as of
- 06/2024
- EIN
- 26-1417061
Organization Overview
Mary Frost Ashley Charitable Trust is located in Chicago, IL. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Mary Frost Ashley 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 06/2024, Mary Frost Ashley Charitable Trust generated $413.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $989.6k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Mary Frost Ashley Charitable Trust has awarded 61 individual grants totaling $3,813,097. 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 |
|---|---|---|---|
Bmo Bank N A C0-Trustee | 1 | $86,393 | |
James Seymour C0-Trustee-Part Time | 1 | $0 | |
Patricia F Callahan C0-Trustee-Part Time | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $378,024 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,499 |
| Capital Gain Net Income | $35,499 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $413,523 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $86,393 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,137 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $92,560 |
| Contributions, gifts, grants paid | $897,000 |
| Total expenses and disbursements | $989,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $152,336 |
| 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 | $0 |
| Total assets | $9,174,731 |
| 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, Mary Frost Ashley Charitable Trust has awarded $897,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WISCONSIN PURPOSE: GENERAL OPERATING PURPOSES | $600,000 |
GIRLS ON THE RUN SOUTHEAST WISCONSIN PURPOSE: GENERAL OPERATING PURPOSES | $5,000 |
KENOSHA CHRISTMAS CHARITIES INC PURPOSE: GENERAL OPERATING PURPOSES | $5,000 |
YOUNG ARTIST PERFORMANCES PURPOSE: GENERAL OPERATING PURPOSES | $5,000 |
KENOSHA LITERACY COUNCIL PURPOSE: GENERAL OPERATING PURPOSES | $2,500 |
KENOSHA COMMUNITY FOUNDATION PURPOSE: GENERAL OPERATING PURPOSES | $4,500 |