James E Mcdonnell Ii Charitable Tr
- Assets
- $0.0
- Revenue
- $119.0
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 07/2017
- Data as of
- 12/2022
- EIN
- 81-6876542
Organization Overview
James E Mcdonnell Ii Charitable Tr is located in Baltimore, MD. The organization was established in 2017. 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. James E Mcdonnell Ii 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 12/2022, James E Mcdonnell Ii Charitable Tr generated $119.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (34.3%) each year. All expenses for the organization totaled $675.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURSUANT TO THE DECEDENT'S CHARITABLE TRUST AGREEMENT, THE JAMES E. MCDONNELL, II 2012 CHARITABLE TRUST (THE "CHARITABLE TRUST") WAS FUNDED UPON THE DEATH OF THE SETTLOR, JAMES E. MCDONNELL, II. THE INSTRUMENT REQUIRES THE TRUSTEE TO PAY THE BOYS' LATIN SCHOOL OF MARYLAND, A 501 (C)(3) ORGANIZATION, (THE "SCHOOL") LOCATED IN BALTIMORE, MARYLAND, FOR USE IN ITS BOYS' LACROSSE PROGRAM AS DETERMINED BY THE SCHOOL, A UNITRUST AMOUNT EQUAL TO THE GREATER OF FIVE PERCENT (5%) OF THE NET FAIR MARKET VALUE OF THE ASSETS OF THE CHARITABLE TRUST VALUED AS OF THE LAST DAY OF EACH TAXABLE YEAR OF THE CHARITABLE TRUST OR "SUBSTANTIALLY ALL" OF THE CHARITABLE TRUST INCOME AS SAID TERM IS DEFINED BY INTERNAL REVENUE CODE SECTION 4942 ((I)(3)(A) AND THE REGULATIONS THEREUNDER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles E Garris Co-Trustee | 0 | $1,800 | |
Thomas M Mcdonnell Co-Trustee | 0 | $3,000 | |
Frank S Jones Successor Co-Trustee | 0 | $0 | |
W Kyle Gore Successor Co-Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $119 |
| Dividends & Interest | $0 |
| 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 | $119 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,800 |
| 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 | $5,815 |
| Contributions, gifts, grants paid | $669,421 |
| Total expenses and disbursements | $675,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 |