Wayne A Oconnell Trust
- Assets
- $1.0m
- Revenue
- $45.8k
- Investments
- $1.0m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 12/2019
- Data as of
- 12/2022
- EIN
- 43-6442000
Organization Overview
Wayne A Oconnell Trust is located in Milwaukee, WI. The organization was established in 2019. 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. Wayne A Oconnell 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 12/2022, Wayne A Oconnell Trust generated $45.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $70.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,296 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,457 |
| Capital Gain Net Income | $19,457 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10 |
| Total Revenue | $45,763 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,946 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,328 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $20,154 |
| Contributions, gifts, grants paid | $50,522 |
| Total expenses and disbursements | $70,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,935 |
| 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 | $830,127 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $784 |
| Total assets | $1,046,949 |
| 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, Wayne A Oconnell Trust has awarded $50,522 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OSWEGO HISTORICAL SOCIETY PURPOSE: GENERAL OPERATING | $16,838 |
OSWEGO PUBLIC LIBRARY PURPOSE: GENERAL OPERATING | $33,684 |