Abbie Norman Prince Tr Ud 022649 2nd Clause Of Will Dt 122947 Nect
- Assets
- $24.4m
- Revenue
- $3.5m
- Investments
- $24.2m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/1900
- Data as of
- 12/2021
- EIN
- 36-2411865
Organization Overview
Abbie Norman Prince Tr Ud 022649 2nd Clause Of Will Dt 122947 Nect is located in Chicago, IL. The organization was established in 1900. 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.
For the year ending 12/2021, Abbie Norman Prince Tr Ud 022649 2nd Clause Of Will Dt 122947 Nect generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Abbie Norman Prince Tr Ud 022649 2nd Clause Of Will Dt 122947 Nect has awarded 250 individual grants totaling $5,488,000. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed CFO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,681,295 |
| Capital Gain Net Income | $2,681,295 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $806,322 |
| Total Revenue | $3,487,629 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $47,937 |
| Depreciation | $0 |
| Occupancy | $19,519 |
| Travel, conferences, and meetings | $409 |
| Printing and publications | $0 |
| Other expenses | $23,949 |
| Total operating and administrative expenses | $342,216 |
| Contributions, gifts, grants paid | $852,500 |
| Total expenses and disbursements | $1,194,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,574 |
| Savings and temporary cash investments | $92,233 |
| 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 | $24,231,771 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $24,383,578 |
| 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 | $542 |
| Total liabilities | $542 |
Grants Awarded
Over the last fiscal year, Abbie Norman Prince Tr Ud 022649 2nd Clause Of Will Dt 122947 Nect has awarded $852,500 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: REVITAILIZATION OF ANAOSTIA PARK | $70,000 |
Washington, DC PURPOSE: FOR THE CENTENNIAL CAMPAIGN | $50,000 |
Washington, DC PURPOSE: TO SERVE AS FISCAL SPONSOR AND COORDINATOR OF THE ANACOSTIA PARK AND COMMUNITY COLABORATIVE | $45,000 |
Washington, DC PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT $25,000 AND ONE TIME ADDITION OF $10,000 FOR THE FARM, FOOD AND FAMILIES INIATIVE | $35,000 |
Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Herschend Family Entertainment Corporation Beneficiary Trust Branson, MO | $4,577,294 | $15,681,690 |
Allergan Foundation North Chicago, IL | $0 | $22,638,597 |
The Global Orphan Project Inc Kansas City, MO | $12,087,754 | $16,385,536 |
W N Reynolds Residuary Tr Nect Chicago, IL | $153,008,234 | $7,259,404 |
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Src Benefit Programs Trust Springfield, MO | $118,089 | $9,937,850 |
Audrey E & Donald L Hutt Tr 283 Chicago, IL | $19,533,735 | $12,080,033 |
Lawyers Trust Fund Of Illinois Chicago, IL | $23,693,587 | $13,676,265 |
William H Miner Foundation Chicago, IL | $135,785,081 | $12,025,973 |
Frederick Henry Prince Testamentary Trust Chicago, IL | $125,717,434 | $17,884,796 |
Bluhm Family Charitable Foundation Chicago, IL | $0 | $104,878 |
Yung Family Foundation The Crestview Hills, KY | $4,438,622 | $34,262 |