Russell E Flagle Rvoc Tr Declaration Dated 12-16-2014
- Assets
- $17.5m
- Revenue
- $280.1k
- Investments
- $9.4m
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- Data as of
- 12/2023
- EIN
- 87-6363179
Organization Overview
Russell E Flagle Rvoc Tr Declaration Dated 12-16-2014 is located in Indianapolis, IN. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Russell E Flagle Rvoc Tr Declaration Dated 12-16-2014 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, Russell E Flagle Rvoc Tr Declaration Dated 12-16-2014 generated $280.1k 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 (73.0%) each year. All expenses for the organization totaled $770.4k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST IS CURRENTLY STILL IN THE START-UP PHASE. THE TRUST IS IN THE PROCESS OF WORKING THROUGH PLANS TO MAKE IMPROVEMENTS TO THE TOWN OF WANAMAKER, INCLUDING BUT NOT LIMITED TO BUILDING A COMMUNITY CENTER FOR THE TOWN.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $162,588 |
| Dividends & Interest | $174,874 |
| Net Rental Income | -$320,716 |
| Net Gain on Sale of Assets | -$243,110 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $280,075 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,531 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $39,671 |
| Taxes | $6,739 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $504,420 |
| Total operating and administrative expenses | $766,370 |
| Contributions, gifts, grants paid | $4,000 |
| Total expenses and disbursements | $770,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $508,678 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,000 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $2,280,756 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $5,305,841 |
| Investments—mortgage loans | $0 |
| Investments—other | $552,729 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,506,415 |
| Accounts payable and accrued expenses | $65,250 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $763,495 |
| Other liabilities | $0 |
| Total liabilities | $828,745 |
Grants Awarded
Over the last fiscal year, Russell E Flagle Rvoc Tr Declaration Dated 12-16-2014 has awarded $4,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
INDIANAPOLIS FRANKLIN TOWNSHIP LIONS CLUB PURPOSE: OLD SETTLERS DAY STREET FAIR | $3,000 |
CHRISTMAS IN WANAMAKER PURPOSE: CHRISTMAS EVENT | $1,000 |