Leonard Marolf Charitable Trust
- Assets
- $2.2m
- Revenue
- $83.2k
- Investments
- $2.1m
- Employees
- 0
- Location
- Columbus, NE
- Founding
- 01/2010
- Data as of
- 12/2023
- EIN
- 27-0873323
Organization Overview
Leonard Marolf Charitable Trust is located in Columbus, NE. The organization was established in 2010. 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. Leonard Marolf 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 12/2023, Leonard Marolf Charitable Trust generated $83.2k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $125.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Leonard Marolf Charitable Trust has awarded 29 individual grants totaling $458,000. 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 |
|---|---|---|---|
Neil Kuhlman Trustee | 0 | $4,000 | |
Michael Wilke Trustee | 0 | $4,000 | |
Clark Grant Trustee | 0 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $62,103 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,093 |
| Capital Gain Net Income | $21,093 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $83,196 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,412 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $13,412 |
| Contributions, gifts, grants paid | $112,500 |
| Total expenses and disbursements | $125,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,604 |
| 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 | $2,150,576 |
| 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, Leonard Marolf Charitable Trust has awarded $112,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBUS RESCUE MISSION PURPOSE: CRM BANQUET MATCH | $5,000 |
SMILE INC PURPOSE: HORSE RIDES FOR SPECIAL NEEDS CHILDR | $20,000 |
LEIGH VOLUNTEER FIRE DEPARTMENT PURPOSE: BUILDING FUND | $50,000 |
BRIGGS & BARRETT PROJECT PURPOSE: SIDS AWARENESS | $10,000 |
COLUMBUS FAMILY Y PURPOSE: STRONG KIDS/PAWNEE CAMP | $17,000 |
LEIGH COMMUNITY LEGACY FUND PURPOSE: RESCUE UNIT | $5,500 |