Ivon E And Jane W Culver Charitable Trust
- Assets
- $13.1m
- Revenue
- $1.4m
- Investments
- $12.7m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 45-2880898
Organization Overview
Ivon E And Jane W Culver Charitable Trust is located in Pennington, NJ. The organization was established in 2014. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ivon E And Jane W Culver 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 12/2021, Ivon E And Jane W Culver Charitable Trust generated $1.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $761.6k during the year ending 12/2021. While expenses have increased by 5.0% per year over the past 5 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 2018, Ivon E And Jane W Culver Charitable Trust has awarded 64 individual grants totaling $2,254,626. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bank Of America N A Trustee | 2 | $167,603 | |
Kurt Schafer Co-Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $322,048 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,114,297 |
| Capital Gain Net Income | $1,114,297 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,436,345 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $167,603 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $29,364 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,196 |
| Total operating and administrative expenses | $203,163 |
| Contributions, gifts, grants paid | $558,455 |
| Total expenses and disbursements | $761,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,576 |
| Savings and temporary cash investments | $408,611 |
| 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 | $2,833,563 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,122,430 |
| 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, Ivon E And Jane W Culver Charitable Trust has awarded $558,455 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Chestertown, MD PURPOSE: GENERAL OPERATING | $65,580 |
Tallahassee, FL PURPOSE: GENERAL OPERATING | $55,000 |
Clearwater, FL PURPOSE: GENERAL OPERATING | $50,000 |
Clearwater, FL PURPOSE: GENERAL OPERATING PURPOSES | $50,000 |
SALVATION ARMY PURPOSE: GENERAL OPERATING | $50,000 |
SCHEIE EYE INSTITUTE PURPOSE: GENERAL OPERATING | $32,790 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quadrivium New York, NY | $52,883,139 | $7,776,109 |
Alliance For Downtown New York Inc New York, NY | $19,570,349 | $22,494,008 |
Cities For Financial Empowerment Fund Inc New York, NY | $14,654,854 | $7,980,604 |
Cidny-Independent Living Services Inc Brooklyn, NY | $9,867,599 | $12,474,702 |
Buffalo Urban Development Corporation Buffalo, NY | $100,186,156 | $9,769,050 |
Berks Community Action Program Inc Reading, PA | $2,377,966 | $7,401,234 |
Juvenile Justice Center Of Phila Philadelphia, PA | $3,150,884 | $6,364,511 |
Excavators 731 Property Corp Astoria, NY | $23,888,581 | $2,129,993 |
Addie Mae Collins Community Services New York, NY | $1,021,619 | $2,927,389 |
International Brotherhood Of Painters And Allied Trades Philadelphia, PA | $3,917,796 | $1,653,938 |
Building Trades Employers Assn Of The City Of New York New York, NY | $1,952,232 | $1,860,665 |
Schoharie Community Action Program Corp Cobleskill, NY | $470,662 | $1,980,674 |