Margaret A Foote Charitable Remainder Unitrust 32002605
- Assets
- $479.1k
- Revenue
- $26.4k
- Investments
- $464.5k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/1996
- Data as of
- 12/2023
- EIN
- 84-6262352
Organization Overview
Margaret A Foote Charitable Remainder Unitrust 32002605 is located in Chicago, IL. The organization was established in 1996. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Margaret A Foote Charitable Remainder Unitrust 32002605 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, Margaret A Foote Charitable Remainder Unitrust 32002605 generated $26.4k 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 (7.2%) each year. All expenses for the organization totaled $42.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 2 | $7,989 | |
Morrison L Heth Atty Co-Trustee | 1 | $3,722 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,186 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,844 |
| Capital Gain Net Income | $10,844 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $322 |
| Total Revenue | $26,352 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,711 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $259 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,970 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $41,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,357 |
| Savings and temporary cash investments | $7,212 |
| 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 | $27,266 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $479,089 |
| 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 |