Michael And Norah Videtta Charitabl E Tr
- Assets
- $4.5m
- Revenue
- $124.3k
- Investments
- $4.3m
- Employees
- 0
- Location
- Otisfied, ME
- Founding
- 10/2008
- Data as of
- 09/2023
- EIN
- 30-6161369
Organization Overview
Michael And Norah Videtta Charitabl E Tr is located in Otisfied, ME. The organization was established in 2008. 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. Michael And Norah Videtta Charitabl E Tr 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 09/2023, Michael And Norah Videtta Charitabl E Tr generated $124.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $412.4k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Michael And Norah Videtta Charitabl E Tr has awarded 26 individual grants totaling $1,236,623. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janice W Sinclair Co-Trustee | 5 | $25,479 | |
Ronald P Weyland Co-Trustee | 5 | $25,479 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,488 |
| Dividends & Interest | $205,892 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$83,093 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $124,287 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,958 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,472 |
| Total operating and administrative expenses | $90,530 |
| Contributions, gifts, grants paid | $321,864 |
| Total expenses and disbursements | $412,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,682 |
| Savings and temporary cash investments | $174,888 |
| 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 | $2,150,561 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,484,183 |
| 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, Michael And Norah Videtta Charitabl E Tr has awarded $321,864 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: REQUIRED INCOME DISTRIBUTION | $71,517 |
CARE DIMENSIONS PURPOSE: REQUIRED INCOME DISTRIBUTION | $71,517 |
NEW ENGLAND EQUINE RESCUE NORTH INC PURPOSE: CHARITABLE CONTRIBUTION | $17,900 |
SALVATION ARMY PURPOSE: REQUIRED INCOME DISTRIBUTION | $53,654 |
SHRINERS HOSPITAL PURPOSE: REQUIRED INCOME DISTRIBUTION | $71,517 |
ST STEPHEN'S EPISCOPAL CHURCH PURPOSE: REQUIRED INCOME DISTRIBUTION | $35,759 |