Chester P Luick Memorial Tr
- Assets
- $734.9k
- Revenue
- $240.6k
- Investments
- $694.1k
- Employees
- 0
- Location
- Belmond, IA
- Founding
- 01/1975
- Data as of
- 12/2022
- EIN
- 42-6178601
Organization Overview
Chester P Luick Memorial Tr is located in Belmond, IA. The organization was established in 1975. 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. Chester P Luick Memorial 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 12/2022, Chester P Luick Memorial Tr generated $240.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $217.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Chester P Luick Memorial Tr has awarded 23 individual grants totaling $558,812. 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 |
|---|---|---|---|
George S Hinman Trustee | 1 | $0 | |
Bradley W Robson Trustee | 1 | $0 | |
Gary L Berkland Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $130 |
| Dividends & Interest | $26,966 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $215,641 |
| Capital Gain Net Income | $215,641 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$2,152 |
| Total Revenue | $240,585 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,868 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27 |
| Total operating and administrative expenses | $22,310 |
| Contributions, gifts, grants paid | $195,000 |
| Total expenses and disbursements | $217,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,077 |
| Savings and temporary cash investments | $28,715 |
| 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 | $35,213 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $734,887 |
| 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, Chester P Luick Memorial Tr has awarded $195,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BUILD A BETTER BELMOND PURPOSE: PLEDGE 2/3 | $175,000 |
CITY OF BELMOND PURPOSE: SKATE PARK IMPROVEMENTS | $20,000 |