Lula C Wilson Trust National Bank Of Detroit Ttee
- Assets
- $2.6m
- Revenue
- $211.0k
- Investments
- $2.4m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 12/1970
- Data as of
- 12/2021
- EIN
- 38-6058895
Organization Overview
Lula C Wilson Trust National Bank Of Detroit Ttee is located in Chicago, IL. The organization was established in 1970. 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.
For the year ending 12/2021, Lula C Wilson Trust National Bank Of Detroit Ttee generated $211.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $186.0k during the year ending 12/2021. While expenses have increased by 16.4% per year over the past 6 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 2017, Lula C Wilson Trust National Bank Of Detroit Ttee has awarded 59 individual grants totaling $810,000. 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 | $0 |
| Dividends & Interest | $106,508 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $104,466 |
| Capital Gain Net Income | $104,466 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $210,974 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $51,852 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,181 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $56,033 |
| Contributions, gifts, grants paid | $130,000 |
| Total expenses and disbursements | $186,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,927 |
| Savings and temporary cash investments | $37,080 |
| 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 | $171,492 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,553,106 |
| 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, Lula C Wilson Trust National Bank Of Detroit Ttee has awarded $130,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
PONTIACS LITTLE ART THEATRE PURPOSE: GENERAL | $25,000 |
Bloomfield Hills, MI PURPOSE: GENERAL | $25,000 |
Birmingham, MI PURPOSE: GENERAL | $25,000 |
HOSPICE OF MICHIGAN INC PURPOSE: GENERAL | $25,000 |
Oak Park, MI PURPOSE: GENERAL | $15,000 |
KADIMA JEWISH SUPPORT SERVICES PURPOSE: GENERAL | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Herschend Family Entertainment Corporation Beneficiary Trust Branson, MO | $4,577,294 | $15,681,690 |
Allergan Foundation North Chicago, IL | $0 | $22,638,597 |
The Global Orphan Project Inc Kansas City, MO | $12,087,754 | $16,385,536 |
W N Reynolds Residuary Tr Nect Chicago, IL | $153,008,234 | $7,259,404 |
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
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 |