P K Seidman Trust
- Assets
- $3.4m
- Revenue
- $118.3k
- Investments
- $3.4m
- Employees
- 0
- Location
- Bartlett, TN
- Founding
- 09/1962
- Data as of
- 12/2022
- EIN
- 62-6034052
Organization Overview
P K Seidman Trust is located in Bartlett, TN. The organization was established in 1962. 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. P K Seidman Trust 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, P K Seidman Trust generated $118.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $316.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, P K Seidman Trust has awarded 101 individual grants totaling $1,347,727. 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 |
|---|---|---|---|
Marcia R Brasel Trustee | 20 | $34,000 | |
Lori Condo Locke Trustee | 20 | $34,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $109,159 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,080 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,187 |
| Total Revenue | $118,266 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $68,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,309 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $138,638 |
| Contributions, gifts, grants paid | $178,300 |
| Total expenses and disbursements | $316,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,202 |
| Savings and temporary cash investments | $0 |
| 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 | $3,411,956 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,426,158 |
| 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, P K Seidman Trust has awarded $178,300 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
APPALACHIA SERVICE PROJECT PURPOSE: GENERAL/OPERATING | $10,000 |
AVE MARIA HOME PURPOSE: GENERAL/OPERATING | $10,000 |
BARTLETT HIGH SCHOOL BAND BOOSTERS PURPOSE: GENERAL/OPERATING | $15,000 |
BARTLETT PERFORMING ARTS & CONFERENCE CENTER PURPOSE: GENERAL/OPERATING | $10,000 |
CAMP CONQUEST PURPOSE: GENERAL/OPERATING | $27,000 |
FAYETTE CARES PURPOSE: GENERAL/OPERATING | $10,000 |