Waverly C Workman Test Tr
- Assets
- $7.6m
- Revenue
- $315.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Champaign, IL
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 27-6370909
Organization Overview
Waverly C Workman Test Tr is located in Champaign, IL. The organization was established in 0000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 12/2022, Waverly C Workman Test Tr generated $315.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 33.0% each year . All expenses for the organization totaled $205.5k during the year ending 12/2022. While expenses have increased by 12.1% per year over the past 4 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TRUST ESTABLISHED UNDER THE TERMS OF THE WILL OF WAVERLY C. WORKMAN. ACCORDING TO THE PROVISIONS IN THE WILL, THE TRUSTEE WILL LEASE AND MANAGE THE FARM LAND REAL ESTATE. THE TRUSTEE SHALL DISTRIBUTE THE NET INCOME ANNUALLY FROM SAID FARM LAND AFTER NECESSARY EXPENSES AND INCLUDING A REASONABLE RESERVE FUND FOR THE NEXT CROP YEAR, 1/3 EACH TO THE FOLLOWING NON-PROFIT ORGANIZATIONS:1) ILLINOIS CHURCHES IN ACTION, 2)ILLINOIS GREAT RIVERS ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH. CONFERENCE BOARD OF GLOBAL MINISTRIES AND 3)CONFERENCE BOARD OF ORDAINED MINISTRY, WHICH SHALL DISTRIBTE SAID FUNDS AS SCHOLARSHIPS OR GRANTS FOR ILLIOIS MINISTERIAL STUDENTS TO ATTEND METHODIST/WESLEYAN SEMINARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ILLINOIS CHURCHES IN ACTION
ILLINOIS GREAT RIVERS/UNITED METHODIST/GLOBAL MIINISTRIES
ILLINOIS GREAT RIVERS/UNITED METHODIST/ORDAINED MINISTRY
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $4,959 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $310,600 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $315,559 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $203,100 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,000 |
| Compensation of current officers, directors, key employees. | $1,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $930 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $435 |
| Insurance | $0 |
| All other expenses | $15 |
| Total functional expenses | $205,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $224,237 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,398,752 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,622,989 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $7,622,989 |
| Total liabilities and net assets/fund balances | $7,622,989 |
Grants Awarded
Over the last fiscal year, Waverly C Workman Test Tr has awarded $203,100 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ILLINOIS CHURCHES IN ACTION PURPOSE: PROVIDES EDUCATION OUT-REACH TO YOUTH, CHURCHES, SCHOOLS AND COMMUNITY GROUPS FOR THE PREVENTION OF PROBLEMS CAUSED BY ALCOHOL, OTHER DRUGS AND GAMBLING | $67,700 |
IL GREAT RIVERS GLOBAL MINISTRIES PURPOSE: ANNUAL CONFERENCE TO MAKE DISCIPLES OF JESUS CHRIST BY EQUIPPING ITS LOCAL CHURCHES FOR MINISTRY | $67,700 |
IL GREAT RIVERS ORDAINED MINISTRIES PURPOSE: GRANTS AND SCHOLARSHIPS FOR MINISTERIAL STUDENT TO ATTEND SEMINARIES | $67,700 |