Mcfadden Charitable Trust
- Assets
- $3.6m
- Revenue
- $229.1k
- Investments
- $1.9m
- Employees
- 0
- Location
- Smith Center, KS
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 48-6319389
Organization Overview
Mcfadden Charitable Trust is located in Smith Center, KS. The organization was established in 2002. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcfadden 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, Mcfadden Charitable Trust generated $229.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $629.0k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO 20 INSTITUTIONS OF HIGHER LEARNING FOR STUDENTS SELECTED.
GRANTS TO 44 LOCAL NONPROFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
The Peoples Bank Trustee | 1 | $16,500 | |
Olin Hyde Director | 0.25 | $0 | |
Donald Weis Director | 0.25 | $0 | |
Paul Gregory Director | 0.25 | $0 | |
Greg Mick Director | 0.25 | $0 | |
Terry Zvolanek Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24,994 |
| Dividends & Interest | $58,816 |
| Net Rental Income | $118,258 |
| Net Gain on Sale of Assets | -$110,191 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,785 |
| Total Revenue | $229,114 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $16,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,272 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $135,522 |
| Total operating and administrative expenses | $162,193 |
| Contributions, gifts, grants paid | $466,805 |
| Total expenses and disbursements | $628,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $110,726 |
| 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 | $1,513,268 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,948,854 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $25,319 |
| Total assets | $3,598,167 |
| 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 |