Richard A Mansfield And A Erlene Mansfield Charitable Tr
- Assets
- $737.9k
- Revenue
- $22.9k
- Investments
- $713.3k
- Employees
- 0
- Location
- Saginaw, MI
- Founding
- 04/2016
- Data as of
- 12/2023
- EIN
- 81-6267715
Organization Overview
Richard A Mansfield And A Erlene Mansfield Charitable Tr is located in Saginaw, MI. The organization was established in 2016. 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. Richard A Mansfield And A Erlene Mansfield 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 12/2023, Richard A Mansfield And A Erlene Mansfield Charitable Tr generated $22.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $48.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Richard A Mansfield And A Erlene Mansfield Charitable Tr has awarded 50 individual grants totaling $172,124. 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 | $16,956 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,983 |
| Capital Gain Net Income | $5,983 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,939 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,538 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $894 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,262 |
| Contributions, gifts, grants paid | $37,242 |
| Total expenses and disbursements | $48,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $685 |
| Savings and temporary cash investments | $23,876 |
| 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 | $737,869 |
| 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, Richard A Mansfield And A Erlene Mansfield Charitable Tr has awarded $37,242 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
SAGINAW CHAMBER FOUNDATION PURPOSE: SUPPORT OF CHARITY | $2,483 |
HISTORICAL SOCIETY OF BRIDGEPORT PURPOSE: GENERAL SUPPORT | $1,490 |
FAMILY AND CHILDDREN'S SERVICES PURPOSE: SUPPORT OF ORGANIZATION | $2,483 |
SVRC INDUSTRIES INC PURPOSE: SUPPORT OF CHARITY | $2,483 |
SAGINAW CHORAL SOCIETY PURPOSE: GENERAL SUPPORT | $4,469 |
SAGINAW COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $2,979 |