Testamentary Trust Under Will Of Jay R Purdy
- Assets
- $2.2m
- Revenue
- $112.9k
- Investments
- $2.2m
- Employees
- 0
- Location
- West Union, OH
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 83-6136945
Organization Overview
Testamentary Trust Under Will Of Jay R Purdy is located in West Union, OH. The organization was established in 2019. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Testamentary Trust Under Will Of Jay R Purdy 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, Testamentary Trust Under Will Of Jay R Purdy generated $112.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (63.2%) each year. All expenses for the organization totaled $120.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Testamentary Trust Under Will Of Jay R Purdy has awarded 29 individual grants totaling $274,300. 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 |
|---|---|---|---|
Michael S Pfeffer - Resigned In 202 Trustee | 0.5 | $0 | |
Lori Highlander Trustee | 0.5 | $0 | |
Jamie Wilkins Director | 0.5 | $0 | |
Debby Pfeffer Director | 0.5 | $0 | |
Jazz Osman Director | 0.5 | $0 | |
Kristi Scott - Resigned In 2022 Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $76,615 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,315 |
| Capital Gain Net Income | $36,315 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $112,930 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,938 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $4,953 |
| Contributions, gifts, grants paid | $115,500 |
| Total expenses and disbursements | $120,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,207 |
| 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 | $1,541,821 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,197,807 |
| 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, Testamentary Trust Under Will Of Jay R Purdy has awarded $115,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CEDARVILLE UNIVERSITY PURPOSE: SCHOLARSHIP | $7,500 |
MARSHALL UNIVERSITY PURPOSE: SCHOLARSHIP | $7,500 |
MIAMI UNIVERSITY PURPOSE: SCHOLARSHIP | $7,500 |
OHIO STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $7,500 |
THE CHRIST COLLEGE OF NURSING & HEALTH SCIENCES PURPOSE: SCHOLARSHIP | $13,500 |
UNIVERSITY OF CINCINNATI PURPOSE: SCHOLARSHIP | $7,500 |