Margaret C Korbel Memorial Tr
- Assets
- $522.4k
- Revenue
- $55.7k
- Investments
- $490.5k
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 08/1994
- Data as of
- 12/2021
- EIN
- 35-6564220
Organization Overview
Margaret C Korbel Memorial Tr is located in Cincinnati, OH. The organization was established in 1994. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Margaret C Korbel Memorial 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, Margaret C Korbel Memorial Tr generated $55.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 35.7% each year . All expenses for the organization totaled $46.9k during the year ending 12/2021. While expenses have increased by 6.2% per year over the past 4 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 2020, Margaret C Korbel Memorial Tr has awarded 16 individual grants totaling $126,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,275 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $40,387 |
| Capital Gain Net Income | $40,387 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $62 |
| Total Revenue | $55,724 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,266 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $453 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,894 |
| Contributions, gifts, grants paid | $36,000 |
| Total expenses and disbursements | $46,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $31,921 |
| 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 | $490,492 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $522,414 |
| 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, Margaret C Korbel Memorial Tr has awarded $36,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
USI FOUNDATION PURPOSE: ANNUAL FUND | $9,000 |
Evansville, IN PURPOSE: ANNUAL FUND | $9,000 |
SALVATION ARMY-INDIANA DHQ PURPOSE: ANNUAL FUND | $9,000 |
AMERICAN CANCER SOCIETY INC PURPOSE: ANNUAL FUND | $9,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asante Foundation Inc South Bend, IN | $170,490,031 | $16,382,298 |
The Steve & Amy Van Andel Foundation Grand Rapids, MI | $111,040,892 | $8,504,096 |
Linlundh Foundation Huntingdon Valley, PA | $26,974,319 | $5,576,892 |
Hamilton Family Charitable Trust Wayne, PA | $141,914,105 | $43,786,350 |
Deborah Joy Simon Foundation Carmel, IN | $67,791,546 | $8,858,983 |
Hillier Family Foundation Akron, OH | $0 | $3,603,112 |
Daniel B And Florence E Green Foundation Conshohocken, PA | $179,390,509 | $18,946,870 |
Wing Shadow Foundation Ada, MI | $89,908,464 | $23,772,931 |
Seed The Dream Foundation Gladwyne, PA | $47,208,358 | $1,088,502 |
Hazel Ruby Mcquain Charitable Tr Morgantown, WV | $103,286,088 | $9,092,496 |
Scripps-Howard Foundation Cincinnati, OH | $57,417,924 | $12,029,094 |
Albert J Weatherhead Estate Trust Uw Item Iv National City Bk Of Cle Mayfield Heights, OH | $171,110,624 | $12,657,241 |