William O Packard Test Tr

Organization Overview

William O Packard Test Tr is located in Brooklyn, OH. The organization was established in 1959. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William O Packard Test 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 12/2021, William O Packard Test Tr generated $682.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $197.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TRUST CREATED IN 1933, WITH KEYBANK AS TRUSTEE, TO SUPPORT THE WARREN OHIO PACKARD MUSIC HALL AND BAND. NET INCOME FROM THE TRUST FUND SHALL BE USED TO ESTABLISH AND PERPETUALLY MAINTAIN A PARK BAND TO BE KNOWN AS THE "PACKARD BAND", TO PROVIDE FOR THE ORGANIZATION AND MAINTENANCE OF A BAND WHICH SHALL BE A CREDIT TO THE CITY OF WARREN ,AND PLAY FOR THE EDIFICATION AND ENTERTAINMENT OF THE PEOPLE OF WARREN, OH. SAID BAND SHALL PLAY NOT LESS THAN ONE FREE POPULAR CONCERT IN EACH MONTH. UNDER THE OHIO INSTITUTIONAL TRUST FUNDS ACT OF 1999, THE BENEFICIARIES HAVE CHOSEN TO RECEIVE THE MAXIMUM OF INCOME BASED ON THE GREATER OF 5% OF AFV OR TRADITIONAL INCOME.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INCOME REMITTED TO THE PACKARD BAND, FOR GENERAL SUPPORT AND MAINTENANCE OF THIS ORGANIZATION.


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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 $44,103
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $638,234
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $682,337

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