Louis H And Mary C Schutte Charitable Tr
- Assets
- $382.9k
- Revenue
- $25.9k
- Investments
- $370.5k
- Employees
- 0
- Location
- Quincy, IL
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 37-6348238
Organization Overview
Louis H And Mary C Schutte Charitable Tr is located in Quincy, IL. The organization was established in 2014. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louis H And Mary C Schutte Charitable 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 12/2022, Louis H And Mary C Schutte Charitable Tr generated $25.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $31.2k during the year ending 12/2022. While expenses have increased by 3.4% per year over the past 7 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 2016, Louis H And Mary C Schutte Charitable Tr has awarded 48 individual grants totaling $172,755. 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 | $78 |
| Dividends & Interest | $13,716 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,064 |
| Capital Gain Net Income | $12,064 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,858 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,572 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $371 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $5,608 |
| Contributions, gifts, grants paid | $25,560 |
| Total expenses and disbursements | $31,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,392 |
| 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 | $370,546 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $382,938 |
| 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, Louis H And Mary C Schutte Charitable Tr has awarded $25,560 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS ADAMS COUNTY PURPOSE: CHARITABLE | $4,260 |
QUINCY FAMILY YMCA PURPOSE: CHARITABLE | $4,260 |
GOOD SAMARITAN HOME PURPOSE: CHARITABLE | $4,260 |
SALEM EVANGELICAL CHURCH PURPOSE: RELIGIOUS | $4,260 |
SHRINERS HOSPITAL FOR CHILDREN PURPOSE: CHARITABLE | $4,260 |
THE SALVATION ARMY PURPOSE: CHARITABLE | $4,260 |