Trim Masters Charitable Foundation Inc
- Assets
- $1.2m
- Revenue
- $86.2k
- Investments
- $1.2m
- Employees
- 0
- Location
- Danville, KY
- Founding
- 04/1997
- Data as of
- 06/2023
- EIN
- 61-1225606
Organization Overview
Trim Masters Charitable Foundation Inc is located in Danville, KY. The organization was established in 1997. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trim Masters Charitable Foundation Inc 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 06/2023, Trim Masters Charitable Foundation Inc generated $86.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $100.0k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Trim Masters Charitable Foundation Inc has awarded 286 individual grants totaling $713,034. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Kihlman President | 2 | $11,631 | |
Steve Hesselbrock Vice-President | 0.25 | $0 | |
Larry Carter Director | 0.25 | $0 | |
Julie Mullins Director | 0.25 | $0 | |
Scarlett Ingram Secretary / Treasurer | 1 | $0 | |
Lorrie Collier Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,065 |
| Dividends & Interest | $31,306 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,878 |
| Capital Gain Net Income | $39,878 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $86,249 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,631 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,750 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23 |
| Total operating and administrative expenses | $21,057 |
| Contributions, gifts, grants paid | $78,900 |
| Total expenses and disbursements | $99,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $345 |
| Savings and temporary cash investments | $44,849 |
| 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 | $251,427 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,229,508 |
| 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, Trim Masters Charitable Foundation Inc has awarded $78,900 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
ART CENTER OF THE BLUEGRASS PURPOSE: ARTS SUMMER CAMP SPONSORSHIP | $1,500 |
BETHLEHEM HIGH SCHOOL PURPOSE: EQUIPMENT FOR VOLLEYBALL TEAM | $1,000 |
BLUEGRASS COUNCIL BSA PURPOSE: SCOUTING PROGRAMS IN MERCER & BOYLE COUNTIES | $3,000 |
BOYLE COUNTY HIGH SCHOOL PURPOSE: PROJECT GRADUATION | $1,000 |
BETHANY HAVEN PURPOSE: SUPPLIES FOR HOMELESS SHELTER AND STREET OUTREACH | $300 |
CAMP HORSING AROUND INC PURPOSE: OUTDOOR CAMP ADVENTURE FOR SPECIAL NEEDS CHILDREN OR COMPROMISED HEALTH | $2,500 |