James R Franey Trust is located in Chatsworth, IL. The organization was established in 1990. 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. James R Franey Trust 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, James R Franey Trust generated $54.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $25.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
NET FARM RENT INCOME IS DISTRIBUTED ANNUALLY FOR THE BENEFIT OF SS PETER AND PAUL'S ROMAN CATHOLIC CONGREGATION FOR CHURCH MAINTENANCE AND EXPENSES, CONDUCTING RELIGIOUS ACTIVITIES AND TO PROVIDE FUNDS FOR THE CONGREGATION'S GENERAL OPERATING EXPENSES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stephen Kurtenbach Trustee | 1 | $0 | |
Father David Sabel Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $54,240 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $54,240 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $6,081 |
Occupancy, rent, utilities, and maintenance | $6,370 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $4,952 |
Total expenses | $25,913 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $258,582 |
Other assets | $0 |
Total assets | $294,589 |
Total liabilities | $0 |
Net assets or fund balances | $294,589 |