Marguerite V Brown Testamentary Trust
- Assets
- $762.5k
- Revenue
- $80.0k
- Investments
- $737.1k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 04/1986
- Data as of
- 12/2021
- EIN
- 42-6353639
Organization Overview
Marguerite V Brown Testamentary Trust is located in Milwaukee, WI. The organization was established in 1986. 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. Marguerite V Brown Testamentary 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, Marguerite V Brown Testamentary Trust generated $80.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $59.0k during the year ending 12/2021. While expenses have increased by 1.0% 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 2016, Marguerite V Brown Testamentary Trust has awarded 98 individual grants totaling $231,348. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,071 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $55,873 |
| Capital Gain Net Income | $55,873 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30 |
| Total Revenue | $79,974 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,267 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $872 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10 |
| Total operating and administrative expenses | $17,649 |
| Contributions, gifts, grants paid | $41,395 |
| Total expenses and disbursements | $59,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,359 |
| Savings and temporary cash investments | $23,307 |
| 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 | $248,709 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $645 |
| Total assets | $762,452 |
| 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, Marguerite V Brown Testamentary Trust has awarded $41,395 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF IOWA PURPOSE: SCHOLARSHIP | $9,386 |
Council Bluffs, IA PURPOSE: SCHOLARSHIP | $8,409 |
IOWA STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $4,594 |
NEBRASKA METHODIST COLLEGE PURPOSE: SCHOLARSHIP | $2,540 |
Omaha, NE PURPOSE: SCHOLARSHIP | $2,115 |
Pella, IA PURPOSE: SCHOLARSHIP | $2,047 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Klaff Family Foundation Chicago, IL | $171,629,374 | $12,167,429 |
The Steve & Amy Van Andel Foundation Grand Rapids, MI | $111,040,892 | $8,504,096 |
Wing Shadow Foundation Ada, MI | $89,908,464 | $23,772,931 |
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |
The Pritzker Pucker Family Foundation Chicago, IL | $63,807,485 | $11,921,924 |
David And Janis Larson Foundation Minneapolis, MN | $131,263,001 | -$404,078 |
Carls Foundation Bloomfield Hills, MI | $120,507,770 | $14,280,001 |
The Jennings Family Foundation Edina, MN | $20,317,059 | $4,027,228 |
Sunshine Charitable Foundation Libertyville, IL | $0 | $4,219,972 |
Tracy Family Foundation Mt Sterling, IL | $19,754,710 | $6,714,098 |
Chicagobeyond Inc Chicago, IL | $1,837,444 | $0 |
The David And Carol Van Andel Family Foundation Grand Rapids, MI | $107,851,670 | $8,218,571 |