Willmas Charitable Trust
- Assets
- $0.0
- Revenue
- $552.8k
- Investments
- $11.6m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 03/2008
- Data as of
- 06/2022
- EIN
- 32-6042143
Organization Overview
Willmas Charitable Trust is located in Detroit, MI. 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. Willmas 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 06/2022, Willmas Charitable Trust generated $552.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $892.1k during the year ending 06/2022. While expenses have increased by 1.3% per year over the past 7 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, Willmas Charitable Trust has awarded 57 individual grants totaling $3,581,341. 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 |
|---|---|---|---|
Comerica Bank Co-Trustee | 10 | $58,722 | |
Donna Dorsyth Co-Trustee | 10 | $27,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $293,146 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $552,828 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $85,722 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $306,243 |
| Contributions, gifts, grants paid | $585,875 |
| Total expenses and disbursements | $892,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Willmas Charitable Trust has awarded $585,875 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S FOUNDATION PURPOSE: SUPPORT FOR DAILY OPERATION | $15,000 |
INLAND EMPIRE COMMUNITY FOUNDATION PURPOSE: SUPPORT FOR DAILY OPERATION | $213,875 |
PEACEFUL MOMENTS PURPOSE: SUPPORT FOR DAILY OPERATION | $10,000 |
HOLY FAMILY CATHOLIC CHURCH PURPOSE: SUPPORT FOR DAILY OPERATION | $10,000 |
VICTOR VALLEY COLLEGE PURPOSE: SUPPORT FOR DAILY OPERATION | $15,000 |
HAPPY TRAILS CHILDREN'S PURPOSE: SUPPORT FOR DAILY OPERATION | $12,000 |