2nd Louise Mollath Charitable Remainder Trust
- Assets
- $610.8k
- Revenue
- $60.1k
- Investments
- $595.2k
- Employees
- 0
- Location
- Los Olivos, CA
- Founding
- 00/0000
- Data as of
- 05/2022
- EIN
- 77-6046663
Organization Overview
2nd Louise Mollath Charitable Remainder Trust is located in Los Olivos, CA. The organization was established in 0000. 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.
For the year ending 05/2022, 2nd Louise Mollath Charitable Remainder Trust generated $60.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $46.6k during the year ending 05/2022. While expenses have increased by 2.6% per year over the past 5 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 2017, 2nd Louise Mollath Charitable Remainder Trust has awarded 24 individual grants totaling $219,000. 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 | $9 |
| Dividends & Interest | $60,082 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $60,091 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,500 |
| 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 | $24 |
| Total operating and administrative expenses | $9,605 |
| Contributions, gifts, grants paid | $37,000 |
| Total expenses and disbursements | $46,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,597 |
| 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 | $595,246 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $610,843 |
| 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, 2nd Louise Mollath Charitable Remainder Trust has awarded $37,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SANTA BARBARA FOUNDATION PURPOSE: COMMUNITY FOUNDATION | $9,250 |
LOMPOC HISTORICAL SOCIETY PURPOSE: SUPPORT MUSEUM | $9,250 |
BRAILLE INSTITUTE PURPOSE: BLIND SERVICES | $9,250 |
COMPANION ANIMAL PLACEMENT ASSIST PURPOSE: ANIMAL WELFARE | $9,250 |