Herbert & Gertrude Latkin Charitable Foundation Tr 043091
- Assets
- $5.9m
- Revenue
- $145.6k
- Investments
- $5.8m
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 04/1992
- Data as of
- 12/2022
- EIN
- 77-6070540
Organization Overview
Herbert & Gertrude Latkin Charitable Foundation Tr 043091 is located in Phoenix, AZ. The organization was established in 1992. 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. Herbert & Gertrude Latkin Charitable Foundation Tr 043091 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, Herbert & Gertrude Latkin Charitable Foundation Tr 043091 generated $145.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $608.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Herbert & Gertrude Latkin Charitable Foundation Tr 043091 has awarded 170 individual grants totaling $1,064,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mufg Union Bank N A Co-Trustee | 4 | $87,634 | |
John Berryhill Co-Trustee | 1 | $91,882 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $131,402 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,161 |
| Capital Gain Net Income | $14,161 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $145,563 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $179,516 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,698 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $193,314 |
| Contributions, gifts, grants paid | $415,000 |
| Total expenses and disbursements | $608,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $84,546 |
| 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 | $1 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,863,204 |
| 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, Herbert & Gertrude Latkin Charitable Foundation Tr 043091 has awarded $415,000 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
CHILD ABUSE LISTENING MEDITATION IN PURPOSE: CHARITABLE | $6,000 |
ORGANIC SOUP KITCHEN PURPOSE: CHARITABLE | $7,000 |
THE TURNER FOUNDATION PURPOSE: CHARITABLE | $8,000 |
ADVENTURES IN CARING FOUNDATION PURPOSE: CHARITABLE | $12,000 |
ANGELS FOSTER CARE OF SANTA BARBARA PURPOSE: CHARITABLE | $5,000 |
CASA PURPOSE: CHARITABLE | $7,000 |