Melvin Huter Charitable Trust
- Assets
- $1.4m
- Revenue
- $37.8k
- Investments
- $1.2m
- Employees
- 0
- Location
- Eagle, ID
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 81-0964874
Organization Overview
Melvin Huter Charitable Trust is located in Eagle, ID. The organization was established in 2019. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Melvin Huter Charitable 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, Melvin Huter Charitable Trust generated $37.8k 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 (17.9%) each year. All expenses for the organization totaled $116.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Melvin Huter Charitable Trust has awarded 42 individual grants totaling $341,000. 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 | $7,180 |
| Dividends & Interest | $29,231 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,481 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,862 |
| Total Revenue | $37,792 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,772 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,612 |
| Total operating and administrative expenses | $31,043 |
| Contributions, gifts, grants paid | $85,000 |
| Total expenses and disbursements | $116,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,560 |
| 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 | $0 |
| Net Land, buildings, and equipment | $145,818 |
| Other assets | $0 |
| Total assets | $1,389,262 |
| 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 | $104,030 |
| Total liabilities | $104,030 |
Grants Awarded
Over the last fiscal year, Melvin Huter Charitable Trust has awarded $85,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN LEGION PURPOSE: VETERAN SERVICES | $2,000 |
ELKS REHAB HOSPITAL PURPOSE: PATIENT REHABILITATION | $5,000 |
MEALS ON WHEELS PURPOSE: MEALS FOR SENIORS | $10,000 |
BOISE VA HOSPITAL PURPOSE: VETERAN MEDICAL SERVICES | $5,000 |
ELKS LODGE PURPOSE: COMMUNITY SERVICES | $1,000 |
JESSE TREE PURPOSE: RENT ASSISTANCE | $10,000 |