Martha Seeser Verfaillie Trust
- Assets
- $49.1k
- Revenue
- $1.5k
- Investments
- $45.1k
- Employees
- 0
- Location
- Clinton, IA
- Founding
- 09/1977
- Data as of
- 03/2023
- EIN
- 42-6275075
Organization Overview
Martha Seeser Verfaillie Trust is located in Clinton, IA. The organization was established in 1977. 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. Martha Seeser Verfaillie 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 03/2023, Martha Seeser Verfaillie Trust generated $1.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $3.2k during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 years. 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 |
|---|---|---|---|
Barbara Griswold-Rhoades Trustee | 0 | $250 | |
Name Not Listed Trustee | 0 | $410 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,217 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $310 |
| Capital Gain Net Income | $310 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,527 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $660 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,358 |
| Contributions, gifts, grants paid | $1,860 |
| Total expenses and disbursements | $3,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $4,000 |
| 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 | $49,125 |
| 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, Martha Seeser Verfaillie Trust has awarded $1,860 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
KIRKWOOD COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $465 |
CARL SANDBURG COLLEGE PURPOSE: SCHOLARSHIPS | $465 |
UNIVERSITY OF NORTHERN IOWA PURPOSE: SCHOLARSHIPS | $465 |
UNIVERSITY OF IOWA PURPOSE: SCHOLARSHIPS | $465 |