William & Sarah Speck Trust
- Assets
- $1.0m
- Revenue
- $14.6k
- Investments
- $998.8k
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 04/1998
- Data as of
- 06/2022
- EIN
- 38-6162140
Organization Overview
William & Sarah Speck Trust is located in Detroit, MI. The organization was established in 1998. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William & Sarah Speck 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 06/2022, William & Sarah Speck Trust generated $14.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (32.0%) each year. All expenses for the organization totaled $76.4k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,132 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,485 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,647 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,936 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,428 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $22,364 |
| Contributions, gifts, grants paid | $54,000 |
| Total expenses and disbursements | $76,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,689 |
| 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 | $0 |
| Total assets | $1,029,536 |
| 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, William & Sarah Speck Trust has awarded $54,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: GENERAL SUPPORT | $18,000 |
SHRINERS HOSPITAL PURPOSE: GENERAL SUPPORT | $18,000 |
MERCY PRIMARY CARE CENTER PURPOSE: GENERAL SUPPORT | $18,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Council Of Michigan Foundations Inc Grand Rapids, MI | $40,445,631 | $7,716,635 |
Philanthropy Ohio Columbus, OH | $1,895,129 | $2,152,720 |
Kaplan Foundation Cincinnati, OH | $11,307,639 | $1,865,901 |
John B & Dareth Gerlach Foundation Columbus, OH | $25,585,768 | $542,073 |
John And Mary Alford Foundation Worthington, OH | $9,246,522 | $302,367 |
Tr Uw Of Jacob R Marcus Fbo Nettie And Merle J Marcus Memorial Milwaukee, WI | $4,417,398 | $862,568 |
First Fruits Foundation Inc Goshen, IN | $2,822,381 | $254,262 |
St Nicholas Foundation Zanesville, OH | $2,521,690 | $82,120 |
Van Wyck & Angela Brinkerhoff Foundation 1155001000 Columbus, OH | $1,587,169 | $189,327 |
Hospice Of Jackson Endowment Fund Jackson, MI | $2,816,221 | $145,830 |
William & Sarah Speck Trust Detroit, MI | $1,029,536 | $14,647 |
Mt Zion Lutheran Church Foundation Sterling Heights, MI | $469,800 | $112,896 |