William M Thorkildsen Trust Under Will Dated 9 24 1987
- Assets
- $754.5k
- Revenue
- $123.7k
- Investments
- $694.4k
- Employees
- 0
- Location
- Winston Salem, NC
- Founding
- 06/2018
- Data as of
- 07/2024
- EIN
- 84-6233895
Organization Overview
William M Thorkildsen Trust Under Will Dated 9 24 1987 is located in Winston Salem, NC. The organization was established in 2018. 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. William M Thorkildsen Trust Under Will Dated 9 24 1987 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 07/2024, William M Thorkildsen Trust Under Will Dated 9 24 1987 generated $123.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $81.2k during the year ending 07/2024. While expenses have increased by 4.5% per year over the past 6 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 2019, William M Thorkildsen Trust Under Will Dated 9 24 1987 has awarded 24 individual grants totaling $305,030. 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 | $31,706 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $91,987 |
| Capital Gain Net Income | $91,987 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $123,693 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,720 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $516 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6 |
| Total operating and administrative expenses | $29,168 |
| Contributions, gifts, grants paid | $52,000 |
| Total expenses and disbursements | $81,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12 |
| Savings and temporary cash investments | $60,120 |
| 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 | $544,414 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $754,528 |
| 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, William M Thorkildsen Trust Under Will Dated 9 24 1987 has awarded $52,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COLORADO STATE UNIVERSITY FNDN PURPOSE: SCHOLARSHIPS | $17,100 |
AIMS COMMUNITY COLLEGE FOUNDATION PURPOSE: SCHOLARSHIPS | $4,700 |
THE UNIVERSITY OF COLORADO PURPOSE: SCHOLARSHIPS | $24,000 |
UNIV OF NORTHERN COLORADO FDN PURPOSE: SCHOLARSHIPS | $6,200 |