Margarette Drake Tr
- Assets
- $86.6k
- Revenue
- $11.9k
- Investments
- $84.7k
- Employees
- 0
- Location
- Paris, IL
- Founding
- 00/0000
- Data as of
- 06/2022
- EIN
- 37-6363057
Organization Overview
Margarette Drake Tr is located in Paris, IL. The organization was established in 0000. 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.
For the year ending 06/2022, Margarette Drake Tr generated $11.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $7.5k during the year ending 06/2022. While expenses have increased by 2.8% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO CHURCHES NAMED IN TRUST UNDER WILL OF MARGARETTE DRAKE
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $1,387 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,531 |
| Capital Gain Net Income | $10,531 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,924 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,482 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $88 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $2,245 |
| Contributions, gifts, grants paid | $5,226 |
| Total expenses and disbursements | $7,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53 |
| Savings and temporary cash investments | $1,846 |
| 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 | $84,720 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $86,619 |
| 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, Margarette Drake Tr has awarded $5,226 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NEW PROVIDENCE (BALIFF) CHURCH PURPOSE: GENERAL SUPPORT | $1,742 |
OLIVER UNITED METHODIST CHURCH PURPOSE: GENERAL SUPPORT | $1,742 |
ARMSTRONG UNITED METHODIST CHURCH PURPOSE: GENERAL SUPPORT | $1,742 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Willard J And Alice C Corbett Char Tr Chicago, IL | $0 | $307,254 |
Ferdinand A & Agnes M Bower Charitable Trust Chicago, IL | $0 | $555,207 |
Eric P And Evelyn Newman Charitable Foundation Saint Louis, MO | $112,434,986 | $5,417,714 |
Stanita Foundation Greenwood, IN | $37,315,806 | $4,060,296 |
Elhapa Foundation Inc Lexington, KY | $43,489,972 | $1,635,816 |