Henry M Seldon Charitable Tr 22-0170-00-5
- Assets
- $8.6m
- Revenue
- $161.0k
- Investments
- $8.2m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 06/1975
- Data as of
- 12/2022
- EIN
- 38-6323073
Organization Overview
Henry M Seldon Charitable Tr 22-0170-00-5 is located in Detroit, MI. The organization was established in 1975. 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. Henry M Seldon Charitable Tr 22-0170-00-5 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, Henry M Seldon Charitable Tr 22-0170-00-5 generated $161.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (19.2%) each year. All expenses for the organization totaled $653.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Henry M Seldon Charitable Tr 22-0170-00-5 has awarded 30 individual grants totaling $2,989,950. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Strong Vice Chairman | 1 | $0 | |
Richard Stowger Treasurer | 1 | $0 | |
David S Hickman Trustee | 1 | $0 | |
Derek Brown Chairman | 1 | $0 | |
Rev Jill Zundel Trustee | 1 | $0 | |
Joseph R Owens Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $187,250 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$26,260 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $24 |
| Total Revenue | $161,014 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3,546 |
| Taxes | $15,443 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,982 |
| Printing and publications | $0 |
| Other expenses | $63,881 |
| Total operating and administrative expenses | $92,760 |
| Contributions, gifts, grants paid | $560,700 |
| Total expenses and disbursements | $653,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $417,038 |
| 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 | $3,732,994 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,632,719 |
| 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 | $33,930 |
| Total liabilities | $33,930 |
Grants Awarded
Over the last fiscal year, Henry M Seldon Charitable Tr 22-0170-00-5 has awarded $560,700 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF SE MICHIGAN PURPOSE: PROVIDES VARIOUS YOUTH DEVELOPMENT PROGRAMS | $112,140 |
ADRIAN COLLEGE CO MICHAEL AYRE PURPOSE: SCHOLARSHIPS | $112,140 |
CENTRAL UNTIED METHODIST CHURCH PURPOSE: PROMOTE RELIGIOUS TEACHINGS | $112,140 |
SALVATION ARMY CO MAJOR NORMAN MARSHALL PURPOSE: MEET HUMAN NEEDS | $112,140 |
WAYNE STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $112,140 |