Suedhoff Memorial Trust Inc
- Assets
- $3.7m
- Revenue
- $279.1k
- Investments
- $2.1m
- Employees
- 0
- Location
- Syracuse, IN
- Founding
- 03/1996
- Data as of
- 12/2023
- EIN
- 35-1969360
Organization Overview
Suedhoff Memorial Trust Inc is located in Syracuse, IN. The organization was established in 1996. 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. Suedhoff Memorial Trust Inc 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 12/2023, Suedhoff Memorial Trust Inc generated $279.1k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $204.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Suedhoff Memorial Trust Inc has awarded 184 individual grants totaling $1,525,900. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert M Suedhoff Officer-Board | 2 | $19,096 | |
Mark Suedhoff Secretarytreasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $207,254 |
| Interest on Savings | $325 |
| Dividends & Interest | $126,650 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$55,171 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $381 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $279,058 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,781 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,365 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $56,027 |
| Contributions, gifts, grants paid | $148,500 |
| Total expenses and disbursements | $204,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,600,013 |
| Savings and temporary cash investments | $0 |
| 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 | $2,068,974 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,668,987 |
| 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, Suedhoff Memorial Trust Inc has awarded $148,500 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
DEARY FOOD BANK PURPOSE: GENERAL OPERTING SUPPORT | $10,000 |
BOYS AND GIRLS CLUB PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
EVERGLADES FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
INDIANA TECH SCHOLARSHIP PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
COMMUNITY COOP OF FT MYERS PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
FLORIDA GULF COAST UNIVERSITY PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |