Trust For Benefit Of Mayo Clinic Under Will Of William P Thompson
- Assets
- $699.3k
- Revenue
- $48.6k
- Investments
- $557.4k
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 10/1994
- Data as of
- 08/2024
- EIN
- 72-6130398
Organization Overview
Trust For Benefit Of Mayo Clinic Under Will Of William P Thompson is located in New Orleans, LA. The organization was established in 1994. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trust For Benefit Of Mayo Clinic Under Will Of William P Thompson 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 08/2024, Trust For Benefit Of Mayo Clinic Under Will Of William P Thompson generated $48.6k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $28.0k during the year ending 08/2024. As we would expect to see with falling revenues, expenses have declined by (30.5%) per year over the past 5 years. 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 |
|---|---|---|---|
Hancock Whitney Bank Trust Div Co-Trustee | 0 | $17,526 | |
Richard A Golden Co-Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $47,305 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $450 |
| Capital Gain Net Income | $450 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $832 |
| Total Revenue | $48,587 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,526 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $27,967 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $27,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $141,951 |
| 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 | $557,371 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $699,322 |
| 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 |