Melvin L Mckay Trust 03756030
- Assets
- $1.1m
- Revenue
- $198.3k
- Investments
- $1.0m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 36-6147585
Organization Overview
Melvin L Mckay Trust 03756030 is located in Milwaukee, WI. The organization was established in 0000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Melvin L Mckay Trust 03756030 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, Melvin L Mckay Trust 03756030 generated $198.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 68.6% each year . All expenses for the organization totaled $88.4k during the year ending 12/2022. While expenses have increased by 4.6% per year over the past 3 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 2021, Melvin L Mckay Trust 03756030 has awarded 38 individual grants totaling $128,507. 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.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,920 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $165,333 |
| Capital Gain Net Income | $165,333 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13 |
| Total Revenue | $198,266 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,813 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,112 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $318 |
| Total operating and administrative expenses | $18,743 |
| Contributions, gifts, grants paid | $69,607 |
| Total expenses and disbursements | $88,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344 |
| Savings and temporary cash investments | $7,664 |
| 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 | $686,595 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,097 |
| Total assets | $1,056,246 |
| 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, Melvin L Mckay Trust 03756030 has awarded $69,607 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ROCK ISLAND LITTLE LEAGUE PURPOSE: GENERAL OPERATING | $6,200 |
YWCA OF THE QUAD CITIES PURPOSE: GENERAL OPERATING | $4,500 |
AUGUSTANA COLLEGE PURPOSE: GENERAL OPERATING | $1,500 |
CHRISTIAN FRIENDLINESS PURPOSE: GENERAL OPERATING | $5,000 |
JUNIOR ACHIEVEMENT OF THE HEARTLAND PURPOSE: GENERAL OPERATING | $2,500 |
MIDWEST WRITING CENTER PURPOSE: GENERAL OPERATING | $2,500 |