John C And Ann Leone Koester Charitable Trust
- Assets
- $43.9k
- Revenue
- $26.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Frankenmuth, MI
- Founding
- 10/1994
- Data as of
- 12/2022
- EIN
- 38-3150475
Organization Overview
John C And Ann Leone Koester Charitable Trust is located in Frankenmuth, MI. The organization was established in 1994. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. John C And Ann Leone Koester Charitable 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, John C And Ann Leone Koester Charitable Trust generated $26.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $17.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John C Trustee | 0 | $0 | |
Ann Leone Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,293 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,825 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,118 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $175 |
| Total operating and administrative expenses | $633 |
| Contributions, gifts, grants paid | $16,400 |
| Total expenses and disbursements | $17,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,706 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $180 |
| Total assets | $43,886 |
| 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, John C And Ann Leone Koester Charitable Trust has awarded $16,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KING OF KINGS LUTHERAN CHURCH PURPOSE: GENERAL FUND | $10,000 |
KING OF KINGS LUTHERAN CHURCH PURPOSE: GENERAL FUND | $6,000 |