The Frederick S Balsam Sr Charitable Trust
- Assets
- $256.1k
- Revenue
- $5.5k
- Investments
- $254.4k
- Employees
- 0
- Location
- Westminster, MD
- Founding
- 05/1989
- Data as of
- 12/2022
- EIN
- 52-1602528
Organization Overview
The Frederick S Balsam Sr Charitable Trust is located in Westminster, MD. The organization was established in 1989. 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. Frederick S Balsam Sr 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, Frederick S Balsam Sr Charitable Trust generated $5.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $9.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (19.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Frederick S Balsam Sr Charitable Trust has awarded 79 individual grants totaling $189,234. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $57 |
| Dividends & Interest | $5,432 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $4,009 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,489 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $65 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $374 |
| Total operating and administrative expenses | $439 |
| Contributions, gifts, grants paid | $9,000 |
| Total expenses and disbursements | $9,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,680 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $256,068 |
| 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, The Frederick S Balsam Sr Charitable Trust has awarded $9,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
WAKEFIELD VALLEY BIBLE CHURCH PURPOSE: CHARITABLE | $5,400 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: CHARITABLE | $550 |
SALVATION ARMY PURPOSE: CHARITABLE | $200 |
CHRISTIAN WORKERS FELLOWSHIP PURPOSE: CHARITABLE | $200 |
URBAN PROMISE PURPOSE: CHARITABLE | $500 |
MINISTRY ALLIANCE PURPOSE: CHARITABLE | $550 |