Abraham H & Gertrude Cone Litchman Charitable Trust
- Assets
- $1.8m
- Revenue
- $332.5k
- Investments
- $1.7m
- Employees
- 0
- Location
- Encino, CA
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 90-0037372
Organization Overview
Abraham H & Gertrude Cone Litchman Charitable Trust is located in Encino, CA. The organization was established in 0000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 12/2021, Abraham H & Gertrude Cone Litchman Charitable Trust generated $332.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $174.0k during the year ending 12/2021. While expenses have increased by 5.5% per year over the past 4 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26 |
| Dividends & Interest | $86,168 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $246,353 |
| Capital Gain Net Income | $239,250 |
| Net ST Capital Gain | $9,441 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $332,547 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $32,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,759 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $75,970 |
| Contributions, gifts, grants paid | $98,000 |
| Total expenses and disbursements | $173,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,910 |
| Savings and temporary cash investments | $46,704 |
| 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 | $391,491 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,768,706 |
| 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 |
Peer Organizations
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|---|---|---|
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