Harold & Ruth Stretch Memorial Trust
- Assets
- $1.8m
- Revenue
- $107.3k
- Investments
- $1.7m
- Employees
- 0
- Location
- Terre Haute, IN
- Founding
- 09/2001
- Data as of
- 12/2022
- EIN
- 37-6337295
Organization Overview
Harold & Ruth Stretch Memorial Trust is located in Terre Haute, IN. The organization was established in 2001. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Harold & Ruth Stretch Memorial 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 12/2022, Harold & Ruth Stretch Memorial Trust generated $107.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $144.3k during the year ending 12/2022. While expenses have increased by 7.4% 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, Harold & Ruth Stretch Memorial Trust has awarded 30 individual grants totaling $337,801. 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 | $4,165 |
| Dividends & Interest | $33,392 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $69,751 |
| Capital Gain Net Income | $69,751 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $107,308 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,106 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,434 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $23,930 |
| Contributions, gifts, grants paid | $120,321 |
| Total expenses and disbursements | $144,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $893 |
| Savings and temporary cash investments | $63,524 |
| 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 | $1,540,717 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,759,244 |
| 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, Harold & Ruth Stretch Memorial Trust has awarded $120,321 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS OF CENTRAL IL PURPOSE: UNRESTRICTED | $10,829 |
DANVILLE AREA COMMUNITY COLLEGE FDN PURPOSE: UNRESTRICTED | $10,829 |
DANVILLE CENTRAL CHRISTIAN CHURCH FOUNDA PURPOSE: UNRESTRICTED | $22,860 |
DANVILLE PUBLIC LIBRARY FOUNDATION PURPOSE: UNRESTRICTED | $10,829 |
DANVILLE YMCA PURPOSE: UNRESTRICTED | $10,829 |
OSF SACRED HEART FOUNDATION PURPOSE: UNRESTRICTED | $10,829 |