Frances Gilmore Grubbs Charitable Trust
- Assets
- $829.2k
- Revenue
- $223.3k
- Investments
- $818.7k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 01/1987
- Data as of
- 10/2022
- EIN
- 42-6387445
Organization Overview
Frances Gilmore Grubbs Charitable Trust is located in Milwaukee, WI. The organization was established in 1987. 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. Frances Gilmore Grubbs 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 10/2022, Frances Gilmore Grubbs Charitable Trust generated $223.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $54.4k during the year ending 10/2022. While expenses have increased by 2.7% 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, Frances Gilmore Grubbs Charitable Trust has awarded 24 individual grants totaling $284,520. 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 | $20,201 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $203,046 |
| Capital Gain Net Income | $203,046 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8 |
| Total Revenue | $223,255 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,621 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,180 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,301 |
| Contributions, gifts, grants paid | $40,137 |
| Total expenses and disbursements | $54,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,496 |
| 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 | $818,674 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $829,170 |
| 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, Frances Gilmore Grubbs Charitable Trust has awarded $40,137 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SE IOWA SYMPHONY ORCHESTRA ASSN PURPOSE: GENERAL OPERATING | $13,379 |
Ottumwa, IA PURPOSE: GENERAL OPERATING | $13,379 |
OTTUMWA PUBLIC LIBRARY PURPOSE: GENERAL OPERATING | $13,379 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodbourne Charitable Trust Plymouth, MN | $1,142,964 | $10,020,932 |
Audrey E & Donald L Hutt Tr 283 Chicago, IL | $19,533,735 | $12,080,033 |
James M Stanton Foundation Bloomington, MN | $29,105,685 | $38,323,984 |
Stanley Frankel And Judith Frankel Support Foundation Bloomfield Hills, MI | $0 | $41,274 |
Lawyers Trust Fund Of Illinois Chicago, IL | $23,693,587 | $13,676,265 |
Cokato Charitable Trust Cokato, MN | $9,103,416 | $8,785,306 |
Ferris Foundation Big Rapids, MI | $118,188,680 | $12,993,679 |
William H Miner Foundation Chicago, IL | $135,785,081 | $12,025,973 |
Frederick Henry Prince Testamentary Trust Chicago, IL | $125,717,434 | $17,884,796 |
Gordon Christian Trust Grand Rapids, MI | $67,207,482 | $18,378,082 |
Bluhm Family Charitable Foundation Chicago, IL | $0 | $104,878 |
Willard J And Alice C Corbett Char Tr Chicago, IL | $0 | $307,254 |