Max P Gottfried Testamentary Charitable Tr
- Assets
- $3.2m
- Revenue
- $284.9k
- Investments
- $3.1m
- Employees
- 0
- Location
- Lambertville, MI
- Founding
- 11/2003
- Data as of
- 12/2022
- EIN
- 65-6404584
Organization Overview
Max P Gottfried Testamentary Charitable Tr is located in Lambertville, MI. The organization was established in 2003. 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. Max P Gottfried Testamentary Charitable Tr 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, Max P Gottfried Testamentary Charitable Tr generated $284.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $361.3k during the year ending 12/2022. While expenses have increased by 11.2% per year over the past 8 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.
Since 2015, Max P Gottfried Testamentary Charitable Tr has awarded 44 individual grants totaling $1,094,155. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $71,910 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $212,868 |
| Capital Gain Net Income | $212,868 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $171 |
| Total Revenue | $284,949 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $54,063 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,375 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $118,915 |
| Contributions, gifts, grants paid | $242,360 |
| Total expenses and disbursements | $361,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $66,615 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,191,085 |
| 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, Max P Gottfried Testamentary Charitable Tr has awarded $242,360 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ATHEISTS PURPOSE: GENERAL OPERATIONS | $18,090 |
PLANNED PARENTHOOD OF GREATER OHIO PURPOSE: GENERAL OPERATIONS | $18,090 |
MAUMEE VALLEY SAVE A PET PURPOSE: GENERAL OPERATIONS | $20,000 |
ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: GENERAL OPERATINOS | $18,090 |
THE UNIVERSITY OF TOLEDO FOUNDATION PURPOSE: GENERAL OPERATIONS | $18,090 |
MEDSTAR HEALTH OFFICE OF PHILANTHROPY PURPOSE: GENERAL OPERATIONS | $30,000 |