Arthur H Korn Charitable Remainder Unitrust
- Assets
- $1.5m
- Revenue
- $98.7k
- Investments
- $802.4k
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- 00/0000
- Data as of
- 12/2023
- EIN
- 52-7028694
Organization Overview
Arthur H Korn Charitable Remainder Unitrust is located in Annapolis, MD. The organization was established in 0000. 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.
For the year ending 12/2023, Arthur H Korn Charitable Remainder Unitrust generated $98.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $258.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Arthur H Korn Charitable Remainder Unitrust has awarded 65 individual grants totaling $270,000. 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
ANNUALLY DISTRIBUTIONS ARE MADE TO 501(C)(3) CHARITIES WHOSE MISSION IS THE HUMANE CARE, SUPPORT AND PLACEMENT OF ANIMALS. THERE ARE NO SERVICES RECEIVED OR PROVIDED. QUALIFIED DISTRIBUTIONS OF FIVE (5%) PERCENT OF THE FAIR MARKET VALUE OF THE TRUST ASSETS, LESS REASONABLE AND NECESSARY ADMINISTRATIVE EXPENSES, ARE MADE TO THESE CHARITIES TO HELP SUPPORT THEM IN THEIR HUMANE TREATMENT OF ANIMALS. TEN CHARITIES RECEIVED SUPPORT THIS YEAR.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,785 |
| Dividends & Interest | $23,391 |
| Net Rental Income | -$17,058 |
| Net Gain on Sale of Assets | $40,774 |
| Capital Gain Net Income | $40,774 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $170 |
| Total Revenue | $98,662 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $79,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,579 |
| Depreciation | $7,097 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $43,367 |
| Total operating and administrative expenses | $158,584 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $258,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,014 |
| Savings and temporary cash investments | $46,306 |
| 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 | $6,237 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $592,263 |
| Other assets | $0 |
| Total assets | $1,482,268 |
| Accounts payable and accrued expenses | -$53 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $313,615 |
| Other liabilities | $0 |
| Total liabilities | $313,562 |
Grants Awarded
Over the last fiscal year, Arthur H Korn Charitable Remainder Unitrust has awarded $100,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
FREE TO LIVE PURPOSE: SUPPORT & PROMOTE HUMANE TREATMENT OF ANIMALS | $10,000 |
CALVERT CO ANIMAL WELFARE LEAGUE PURPOSE: SUPPORT & PROMOTE HUMANE TREATMENT OF ANIMALS | $10,000 |
FELINES CANINES INC PURPOSE: SUPPORT & PROMOTE HUMANE TREATMENT OF ANIMALS | $10,000 |
DEFENDERS OF ANIMAL RIGHTS INC PURPOSE: SUPPORT & PROMOTE HUMANE TREATMENT OF ANIMALS | $10,000 |
LOVE A CAT ENTERPRISES PURPOSE: SUPPORT & PROMOTE HUMANE TREATMENT OF ANIMALS | $10,000 |
BIG PURPLE BARN INC PURPOSE: SUPPORT & PROMOTE HUMANE TREATMENT OF ANIMALS | $10,000 |