Laura E Porter Trust
- Assets
- $1.0m
- Revenue
- $64.3k
- Investments
- $690.0k
- Employees
- 0
- Location
- Pratt, KS
- Founding
- 10/1971
- Data as of
- 12/2023
- EIN
- 48-6105318
Organization Overview
Laura E Porter Trust is located in Pratt, KS. The organization was established in 1971. 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. Laura E Porter 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 12/2023, Laura E Porter Trust generated $64.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $158.8k during the year ending 12/2023. While expenses have increased by 9.4% 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.
Since 2015, Laura E Porter Trust has awarded 196 individual grants totaling $474,108. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE ENDOWMENTS
SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Eisenhauer Trustee | 0 | $8,000 | |
Mike Lewis Trustee | 0 | $8,000 | |
Cindy Eisenhauer Trustee | 0 | $8,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $278 |
| Dividends & Interest | $16,116 |
| Net Rental Income | $7,908 |
| Net Gain on Sale of Assets | $5,498 |
| Capital Gain Net Income | $8,257 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $34,289 |
| Total Revenue | $64,337 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,118 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,323 |
| Total operating and administrative expenses | $49,850 |
| Contributions, gifts, grants paid | $108,900 |
| Total expenses and disbursements | $158,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,974 |
| Savings and temporary cash investments | $8,127 |
| 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 | $221,955 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,143 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $24,000 |
| Other assets | $56,000 |
| Total assets | $1,034,239 |
| 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, Laura E Porter Trust has awarded $108,900 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
JACOB ANTHONY MITCHELL PURPOSE: EDUCATION | $2,000 |
GREGORY A ADELMAN PURPOSE: EDUCATION | $3,000 |
ARTHUR WESTON JR PURPOSE: EDUCATION | $2,000 |
BRETT M ATTEBERRY PURPOSE: EDUCATION | $2,000 |
MICAH S CARROLL PURPOSE: EDUCATION | $2,500 |
VINICIUS COSTA PURPOSE: EDUCATION | $1,000 |