W N Reynolds Residuary Tr Nect
- Assets
- $157.6m
- Revenue
- $22.8m
- Investments
- $152.5m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 12/1970
- Data as of
- 12/2022
- EIN
- 56-6036636
Organization Overview
W N Reynolds Residuary Tr Nect is located in Chicago, IL. The organization was established in 1970. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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.
For the year ending 12/2022, W N Reynolds Residuary Tr Nect generated $22.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $18.1m during the year ending 12/2022. While expenses have increased by 7.0% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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 |
|---|---|---|---|
Virgil L Smith Co-Trustee | 0 | $38,985 | |
Lloyd P Tate Jr Co-Trustee | 0 | $38,985 | |
Northern Trust Co-Trustee | 0 | $311,724 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,551,276 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,199,218 |
| Capital Gain Net Income | $17,199,218 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,750,494 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $389,694 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $863,233 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $131 |
| Total operating and administrative expenses | $1,285,260 |
| Contributions, gifts, grants paid | $16,847,166 |
| Total expenses and disbursements | $18,132,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,165,074 |
| 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 | $4,897,132 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $157,627,467 |
| 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 |