Ray And Kay Eckstein Charitable Trust
- Assets
- $358.8m
- Revenue
- $129.0m
- Investments
- $354.7m
- Employees
- 0
- Location
- Paducah, KY
- Founding
- 07/2005
- Data as of
- 12/2021
- EIN
- 39-6786592
Organization Overview
Ray And Kay Eckstein Charitable Trust is located in Paducah, KY. The organization was established in 2005. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ray And Kay Eckstein Charitable 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 12/2021, Ray And Kay Eckstein Charitable Trust generated $129.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $11.6m during the year ending 12/2021. While expenses have increased by 36.6% 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 2015, Ray And Kay Eckstein Charitable Trust has awarded 680 individual grants totaling $44,007,584. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Latham Executive Director | 40 | $256,000 | |
Heather L Jackson Grants Manager | 40 | $120,181 | |
Gina G Leeper Program Officer | 40 | $56,527 | |
Cynthia L Erickson-Zaninovich Trustee | 1.5 | $0 | |
Susan F Homra Trustee | 1.5 | $0 | |
John P Eckstein Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,778,842 |
| Interest on Savings | $1,523 |
| Dividends & Interest | $4,918,585 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,225,244 |
| Capital Gain Net Income | $31,473,557 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $27,672 |
| Total Revenue | $128,951,866 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $432,708 |
| Pension plans, employee benefits | $75,715 |
| Interest | $0 |
| Taxes | $577,243 |
| Depreciation | $4,566 |
| Occupancy | $68,918 |
| Travel, conferences, and meetings | $8,507 |
| Printing and publications | $250 |
| Other expenses | $70,851 |
| Total operating and administrative expenses | $2,214,697 |
| Contributions, gifts, grants paid | $9,379,018 |
| Total expenses and disbursements | $11,593,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,531 |
| Savings and temporary cash investments | $3,968,533 |
| 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 | $110,977,907 |
| Net Land, buildings, and equipment | $3,068 |
| Other assets | $0 |
| Total assets | $358,796,277 |
| 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 | $10,741 |
| Total liabilities | $10,741 |
Grants Awarded
Over the last fiscal year, Ray And Kay Eckstein Charitable Trust has awarded $10,737,649 in support to 147 organizations.
| Grant Recipient | Amount |
|---|---|
SECOND HARVEST FOOD BANK OF GREATER NO PURPOSE: CAPITAL PROJECT AND PROGRAMMING SUPPORT | $750,000 |
GOLDMAN SACHS PHILANTHROPY FUND PURPOSE: FAITH, HUMAN NEEDS, FAMILY, EDUCATION, VIBRANT COMMUNITIES | $750,000 |
Dubuque, IA PURPOSE: PROGRAM SUPPORT | $750,000 |
BAPTIST HEALTH FOUNDATION PADUCAH PURPOSE: CAPITAL SUPPORT | $500,000 |
VILLAGE OF CASSVILLE PURPOSE: PUBLIC SERVICE - LIBRARY OPERATIONS | $500,000 |
Jacksonville, FL PURPOSE: GENERAL OPERATING SUPPORT | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |