Frederic M Hanes Tr Uw Fbo Duke University Nect
- Assets
- $13.9m
- Revenue
- $291.3k
- Investments
- $13.4m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 03/1973
- Data as of
- 08/2023
- EIN
- 56-6036456
Organization Overview
Frederic M Hanes Tr Uw Fbo Duke University Nect is located in Las Vegas, NV. The organization was established in 1973. According to its NTEE Classification (B43) the organization is classified as: Universities, 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.
For the year ending 08/2023, Frederic M Hanes Tr Uw Fbo Duke University Nect generated $291.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (26.1%) each year. All expenses for the organization totaled $832.3k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $423,786 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$139,578 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,095 |
| Total Revenue | $291,303 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $128,407 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,739 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $132,267 |
| Contributions, gifts, grants paid | $700,000 |
| Total expenses and disbursements | $832,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $469,584 |
| 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 | $13,398,869 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,868,453 |
| 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 |