Forrest H Akers Tr is located in Williamston, MI. The organization was established in 1971. 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. Forrest H Akers 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 12/2021, Forrest H Akers Tr generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.8% each year . All expenses for the organization totaled $651.8k during the year ending 12/2021. While expenses have increased by 6.5% 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Brian Breslin Director | 0.01 | $0 | |
Nancy E Craig Director | 0.01 | $0 | |
Stephen H Terry Director | 0.01 | $0 | |
Roger Wilkinson Director | 0.01 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $4,572 |
Dividends & Interest | $207,278 |
Net Rental Income | $167,159 |
Net Gain on Sale of Assets | $1,305,512 |
Capital Gain Net Income | $1,305,512 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $1,686,890 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $0 |
Depreciation | $2,369 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $104 |
Total operating and administrative expenses | $51,782 |
Contributions, gifts, grants paid | $600,000 |
Total expenses and disbursements | $651,782 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $348,705 |
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 | $1,447,592 |
Net Land, buildings, and equipment | $133,915 |
Other assets | $0 |
Total assets | $7,701,037 |
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 |
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