Elizabeth Moore Switzer Memorial Trust Lafayette Bank & Tr Co
- Assets
- $2.9m
- Revenue
- $67.8k
- Investments
- $2.6m
- Employees
- 0
- Location
- Muncie, IN
- Founding
- 01/1987
- Data as of
- 12/2022
- EIN
- 35-6451959
Organization Overview
Elizabeth Moore Switzer Memorial Trust Lafayette Bank & Tr Co is located in Muncie, IN. The organization was established in 1987. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elizabeth Moore Switzer Memorial Trust Lafayette Bank & Tr Co 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 12/2022, Elizabeth Moore Switzer Memorial Trust Lafayette Bank & Tr Co generated $67.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $192.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Elizabeth Moore Switzer Memorial Trust Lafayette Bank & Tr Co has awarded 28 individual grants totaling $708,726. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THIS TRUST IS TO DIRECT PAYMENTS TO CERTAIN SPECIFIED CHARITABLE ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARAGRAPHS 4(B)(I) - (V) OF THE JOHN SWITZER TRUST AGREEMENT DATED SEPTEMBER 3, 1976 DIRECTS PAYMENTS TO CERTAIN SPECIFIED CHARITABLE ORGANIZATIONS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $70,137 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,310 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $67,827 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $29,685 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,332 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $32,017 |
| Contributions, gifts, grants paid | $160,855 |
| Total expenses and disbursements | $192,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $357 |
| Savings and temporary cash investments | $229,610 |
| Net Accounts receivable | $1,378 |
| 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 | $2,862,502 |
| 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, Elizabeth Moore Switzer Memorial Trust Lafayette Bank & Tr Co has awarded $160,855 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FRANCISCAN ALLIANCE INC PURPOSE: GENERAL FUND | $107,236 |
BOY SCOUTS OF AMERICA - SAGAMORE COUNCIL PURPOSE: GENERAL FUND | $17,873 |
OTTERBEIN UNITED METHODIST CHURCH PURPOSE: GENERAL FUND | $17,873 |
SALVATION ARMY PURPOSE: GENERAL FUND | $17,873 |