Bud H Babcock Tr
- Assets
- $1.3m
- Revenue
- $94.5k
- Investments
- $1.2m
- Employees
- 0
- Location
- Willoughby, OH
- Founding
- 00/0000
- Data as of
- 12/2023
- EIN
- 30-6081202
Organization Overview
Bud H Babcock Tr is located in Willoughby, OH. 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 12/2023, Bud H Babcock Tr generated $94.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 33.1% each year . All expenses for the organization totaled $53.9k during the year ending 12/2023. While expenses have increased by 8.8% per year over the past 5 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.
Since 2017, Bud H Babcock Tr has awarded 73 individual grants totaling $107,885. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Merhar Trustee | 5 | $5,556 | |
Vicki Morley Trustee | 5 | $2,639 | |
Robin Hopkins Trustee | 5 | $2,638 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $341 |
| Dividends & Interest | $24,391 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $69,770 |
| Capital Gain Net Income | $69,770 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $94,502 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,833 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,588 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,882 |
| Total operating and administrative expenses | $30,389 |
| Contributions, gifts, grants paid | $23,470 |
| Total expenses and disbursements | $53,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,606 |
| Savings and temporary cash investments | $33,955 |
| 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 | $1,250,479 |
| 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 | $545,436 |
| Total liabilities | $545,436 |
Grants Awarded
Over the last fiscal year, Bud H Babcock Tr has awarded $23,470 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BRIGHAM YOUNG UNIVERSITY PURPOSE: SCHOLARSHIP | $750 |
XAVIER UNIVERSITY PURPOSE: SCHOLARSHIP | $1,000 |
UNIVERSITY OF NORTH CAROLINA PURPOSE: SCHOLARSHIP | $2,000 |
KENT STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $750 |
CUYAHOGA COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $750 |
URSULINE COLLEGE PURPOSE: SCHOLARSHIP | $750 |