Forrest H Akers Tr
- Assets
- $7.9m
- Revenue
- $607.6k
- Investments
- $7.3m
- Employees
- 0
- Location
- Williamston, MI
- Founding
- 02/1971
- Data as of
- 12/2023
- EIN
- 38-6066391
Organization Overview
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 12/2023, Forrest H Akers Tr generated $607.6k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $687.3k during the year ending 12/2023. 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 |
|---|---|---|---|
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 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,770 |
| Dividends & Interest | $243,653 |
| Net Rental Income | $149,772 |
| Net Gain on Sale of Assets | $202,004 |
| Capital Gain Net Income | $202,004 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $607,568 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,304 |
| Depreciation | $2,369 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $372 |
| Total operating and administrative expenses | $65,262 |
| Contributions, gifts, grants paid | $622,000 |
| Total expenses and disbursements | $687,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $452,199 |
| 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 | $1,782,394 |
| Net Land, buildings, and equipment | $129,176 |
| Other assets | $0 |
| Total assets | $7,906,231 |
| 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 |