Thomas D Buckley Trust Nect
- Assets
- $8.4m
- Revenue
- $983.3k
- Investments
- $8.1m
- Employees
- 0
- Location
- Chappell, NE
- Founding
- 09/1980
- Data as of
- 05/2024
- EIN
- 47-6121041
Organization Overview
Thomas D Buckley Trust Nect is located in Chappell, NE. The organization was established in 1980. 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. Thomas D Buckley Trust Nect 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 05/2024, Thomas D Buckley Trust Nect generated $983.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $781.3k during the year ending 05/2024. While expenses have increased by 1.5% per year over the past 9 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
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 |
|---|---|---|---|
Bill Hughes Trustee | 1 | $20,000 | |
Dwight E Smith Trustee | 1 | $16,667 | |
Dale Fornander Trustee | 1 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,896 |
| Dividends & Interest | $184,758 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $793,684 |
| Capital Gain Net Income | $237,548 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $983,338 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $56,667 |
| Other employee salaries and wages | $71,179 |
| Pension plans, employee benefits | $20,213 |
| Interest | $0 |
| Taxes | $9,293 |
| Depreciation | $2,345 |
| Occupancy | $9,450 |
| Travel, conferences, and meetings | $706 |
| Printing and publications | $0 |
| Other expenses | $5,784 |
| Total operating and administrative expenses | $225,784 |
| Contributions, gifts, grants paid | $555,494 |
| Total expenses and disbursements | $781,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,334 |
| Savings and temporary cash investments | $250,610 |
| 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 | $0 |
| Net Land, buildings, and equipment | $54,083 |
| Other assets | $0 |
| Total assets | $8,371,431 |
| 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 |