Ivon E And Jane W Culver Charitable Trust
- Assets
- $13.1m
- Revenue
- $844.4k
- Investments
- $12.9m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 05/2014
- Data as of
- 12/2022
- 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 12/2022, Ivon E And Jane W Culver Charitable Trust generated $844.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $813.1k during the year ending 12/2022. 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 $2,321,175. 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 |
|---|---|---|---|
Kurt Schafer Co-Trustee | 4 | $42,866 | |
Bank Of America N A Trustee | 2 | $113,439 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $325,656 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $518,751 |
| Capital Gain Net Income | $518,751 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $844,407 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $156,305 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,846 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,496 |
| Total operating and administrative expenses | $183,647 |
| Contributions, gifts, grants paid | $629,428 |
| Total expenses and disbursements | $813,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$72,859 |
| Savings and temporary cash investments | $289,581 |
| 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 | $13,142,001 |
| 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 $629,428 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
CLOTHES TO KIDS INC PURPOSE: GENERAL OPERATING | $25,000 |
JACKSONVILLE SCHOOL FOR AUTISM INC PURPOSE: GENERAL OPERATING | $30,000 |
PRESBYTERIAN MEDICAL CENTER OF THE UNIVE PURPOSE: GENERAL OPERATING | $70,195 |
TRUSTEES OF THE UNIVERSITY OF PENNSYLVAN PURPOSE: GENERAL OPERATING | $7,019 |
A KIDS PLACE OF TAMPA BAY PURPOSE: GENERAL OPERATING | $35,000 |
REDEFINING REFUGE INC PURPOSE: GENERAL OPERATING | $25,000 |