Clyde N Day Trust
- Assets
- $2.2m
- Revenue
- $106.1k
- Investments
- $1.7m
- Employees
- 0
- Location
- Newport, KY
- Founding
- 04/2015
- Data as of
- 12/2022
- EIN
- 47-1970195
Organization Overview
Clyde N Day Trust is located in Newport, KY. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Clyde N Day 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, Clyde N Day Trust generated $106.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $182.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Clyde N Day Trust has awarded 43 individual grants totaling $436,955. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Keating Executive Di | 0 | $40,000 | |
Frank Kreutzer Officer | 0 | $40,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,789 |
| Dividends & Interest | $39,015 |
| Net Rental Income | $14,950 |
| Net Gain on Sale of Assets | $41,307 |
| Capital Gain Net Income | $41,307 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $106,061 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,861 |
| Depreciation | $15,792 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $44,401 |
| Total operating and administrative expenses | $150,054 |
| Contributions, gifts, grants paid | $32,638 |
| Total expenses and disbursements | $182,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,262 |
| Savings and temporary cash investments | $43,469 |
| 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 | $413,050 |
| Net Land, buildings, and equipment | $417,762 |
| Other assets | $0 |
| Total assets | $2,186,083 |
| 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, Clyde N Day Trust has awarded $32,638 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BOYD'S STATION INC PURPOSE: PROGRAM DEVELOPMENT & SUPPLIES | $13,133 |
CREECS PURPOSE: SCHOOL SUPPLIES FOR NEEDY STUDENTS | $1,777 |
FREESTORE FOODBANK PURPOSE: FOOD FOR THE POOR | $5,000 |
HOLLY HILL CHILDRENS SERVICES PURPOSE: PROGRAM SUPPORT | $4,036 |
KENNEDY HEIGHTS ART CENTER PURPOSE: PROGRAM SUPPORT | $2,000 |
NORTHERN KY UNIVERSITY FOUNDATION PURPOSE: SCHOLARSHIP FUND | $5,500 |