Forster-Powers Charitable Trust Robert Turgeon Ttee
- Assets
- $6.3m
- Revenue
- $850.7k
- Investments
- $4.5m
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 10/1969
- Data as of
- 12/2022
- EIN
- 43-6110478
Organization Overview
Forster-Powers Charitable Trust Robert Turgeon Ttee is located in Kansas City, MO. The organization was established in 1969. 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. Forster-Powers Charitable Trust Robert Turgeon Ttee 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, Forster-Powers Charitable Trust Robert Turgeon Ttee generated $850.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $772.2k during the year ending 12/2022. While expenses have increased by 2.2% per year over the past 7 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, Forster-Powers Charitable Trust Robert Turgeon Ttee has awarded 200 individual grants totaling $3,738,100. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONEFOUNDATION ONLY MAKES CONTRIBUTIONS TO OTHER 501(C)(3) ORGANIZATIONS. SEE LISTING FOR PART XV.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arnold W Mears Trustee | 1 | $0 | |
Thomas R Turgeon Trustee | 4 | $0 | |
Michael Hunter Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $60 |
| Dividends & Interest | $256,859 |
| Net Rental Income | $24,351 |
| Net Gain on Sale of Assets | $336,501 |
| Capital Gain Net Income | $336,501 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $850,714 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,688 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,108 |
| Depreciation | $61,975 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $166,865 |
| Total operating and administrative expenses | $237,221 |
| Contributions, gifts, grants paid | $535,000 |
| Total expenses and disbursements | $772,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $206,315 |
| 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 | $8,422 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,558,207 |
| Other assets | $109 |
| Total assets | $6,283,877 |
| 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 | $18,443 |
| Total liabilities | $18,443 |
Grants Awarded
Over the last fiscal year, Forster-Powers Charitable Trust Robert Turgeon Ttee has awarded $535,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
AVILA UNIVERSITY PURPOSE: SCHOLARSHIP | $50,000 |
BENEDICTINE COLLEGE PURPOSE: SCHOLARSHIP | $20,000 |
BISHOP MIEGE HIGH SCHOOL PURPOSE: SCHOLARSHIP | $35,000 |
BISHOP WARD HIGH SCHOOL PURPOSE: SCHOLARSHIP | $35,000 |
CHILDREN'S CENTER FOR THE VISUALLY IMPAIRED PURPOSE: UNRESTRICTED | $5,000 |
CONCEPTION SEMINARY COLLEGE CORE PURPOSE: UNRESTRICTED | $20,000 |