Maurice C Funk Second Amendment Trust Agreement
- Assets
- $1.2m
- Revenue
- $48.1k
- Investments
- $1.1m
- Employees
- 0
- Location
- Alton, IL
- Founding
- 09/2012
- Data as of
- 12/2022
- EIN
- 27-6760929
Organization Overview
Maurice C Funk Second Amendment Trust Agreement is located in Alton, IL. The organization was established in 2012. 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. Maurice C Funk Second Amendment Trust Agreement 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 12/2022, Maurice C Funk Second Amendment Trust Agreement generated $48.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $17.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (23.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Maurice C Funk Second Amendment Trust Agreement has awarded 23 individual grants totaling $352,790. 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 |
|---|---|---|---|
Name Not Listed Trustee | 2 | $876 | |
Name Not Listed Trustee | 2 | $8,986 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,814 |
| Dividends & Interest | $43,361 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,109 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $48,066 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,256 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $369 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $17,240 |
| Contributions, gifts, grants paid | $270 |
| Total expenses and disbursements | $17,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242 |
| Savings and temporary cash investments | $143,009 |
| 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 | $461,573 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,246,505 |
| 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, Maurice C Funk Second Amendment Trust Agreement has awarded $62,512 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HERITAGE HEALTH THERAPY AND SENIOR CARE PURPOSE: FBO INDIGENT NURSING HOME RESIDENTS | $285 |
PASSAVANT AREA HOSPITAL FOUNDATION PURPOSE: CHARITABLE DISTRIBUTION | $61,667 |
BELTONE HEARING AID SERVICE PURPOSE: FBO INDIGENTNURSING HOME RESIDENTHEARING AIDS | $0 |
CENTRAL PARK DENTISTRY PURPOSE: FBO INDIGENT NURSING HOME RESIDENTDENTURES | $0 |
PRAIRIE EYE CENTER PURPOSE: FBO INDIGENT NURSING HOME RESIDENTEYEGLASSES | $560 |