Merle Thorpe Jr Charitable Tr
- Assets
- $11.4m
- Revenue
- $812.6k
- Investments
- $7.9m
- Employees
- 0
- Location
- Thurmont, MD
- Founding
- 10/1994
- Data as of
- 12/2022
- EIN
- 52-6666964
Organization Overview
Merle Thorpe Jr Charitable Tr is located in Thurmont, MD. The organization was established in 1994. 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. Merle Thorpe Jr Charitable Tr 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, Merle Thorpe Jr Charitable Tr generated $812.6k 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 (24.3%) each year. All expenses for the organization totaled $576.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gigi Castleman Trustee | 0 | $0 | |
Samuel Castleman III Trustee/char | 1 | $51,846 | |
Matthew Smith Trustee | 0 | $0 | |
Brooke Currie Trustee | 0 | $0 | |
Brad Hill Trustee | 0 | $0 | |
Whitney Ourisman-Ferguson Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,569 |
| Interest on Savings | $235,743 |
| Dividends & Interest | $2,505 |
| Net Rental Income | -$24,649 |
| Net Gain on Sale of Assets | $12,172 |
| Capital Gain Net Income | $12,172 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $451,633 |
| Total Revenue | $812,581 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $51,846 |
| Other employee salaries and wages | $156,484 |
| Pension plans, employee benefits | $15,299 |
| Interest | $998 |
| Taxes | $24,772 |
| Depreciation | $64,540 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,596 |
| Printing and publications | $0 |
| Other expenses | $258,183 |
| Total operating and administrative expenses | $576,770 |
| Contributions, gifts, grants paid | $9 |
| Total expenses and disbursements | $576,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,907 |
| Savings and temporary cash investments | $84,924 |
| Net Accounts receivable | $3,576 |
| 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 | $35,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,938,964 |
| Net Land, buildings, and equipment | $2,495,028 |
| Other assets | $745,232 |
| Total assets | $11,428,720 |
| Accounts payable and accrued expenses | $2,596 |
| Grants payable | $0 |
| Deferred revenue | $974 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $31,569 |
| Total liabilities | $35,139 |
Grants Awarded
Over the last fiscal year, Merle Thorpe Jr Charitable Tr has awarded $9 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PASS THROUGH CONTRIBUTIONS FROM PURPOSE: FUND OPERATIONS | $4 |
PASS THROUGH CONTRIBUTIONS FROM PURPOSE: FUND OPERATIONS | $5 |