Oletha C Likins And Loren E Likins Perpetual Memorial Trust
- Assets
- $1.1m
- Revenue
- $200.9k
- Investments
- $1.1m
- Employees
- 0
- Location
- Torrington, WY
- Founding
- 06/1994
- Data as of
- 12/2022
- EIN
- 83-6039257
Organization Overview
Oletha C Likins And Loren E Likins Perpetual Memorial Trust is located in Torrington, WY. The organization was established in 1994. 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. Oletha C Likins And Loren E Likins Perpetual Memorial 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, Oletha C Likins And Loren E Likins Perpetual Memorial Trust generated $200.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $87.0k during the year ending 12/2022. While expenses have increased by 8.5% per year over the past 8 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 2015, Oletha C Likins And Loren E Likins Perpetual Memorial Trust has awarded 74 individual grants totaling $604,628. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Preston Chairman | 1 | $0 | |
Marilyn Olson Secretary | 1 | $0 | |
Elsie Gray Trustee | 1 | $0 | |
Jodee Mendez Trustee | 1 | $0 | |
Lois Bolich Trustee | 1 | $0 | |
Samantha Yung Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $58,742 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $140,458 |
| Capital Gain Net Income | $140,458 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,731 |
| Total Revenue | $200,931 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,831 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $42 |
| Total operating and administrative expenses | $3,323 |
| Contributions, gifts, grants paid | $83,687 |
| Total expenses and disbursements | $87,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,757 |
| 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 | $6,573 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $704,839 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,140,384 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $6,097 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,097 |
Grants Awarded
Over the last fiscal year, Oletha C Likins And Loren E Likins Perpetual Memorial Trust has awarded $83,687 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CHADRON STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $2,555 |
BLACK HILLS STATE UNIVERS PURPOSE: SCHOLARSHIP | $6,000 |
UNIVERSITY OF WYOMING PURPOSE: SCHOLARSHIP | $15,832 |
UNIVERSITY OF NEBRASKA PURPOSE: SCHOLARSHIP | $8,555 |
CASPER COLLEGE PURPOSE: SCHOLARSHIP | $8,555 |
WESTERN NEBRASKA COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $2,580 |