Janet M Lake Trust 9519003374
- Assets
- $2.2m
- Revenue
- $138.8k
- Investments
- $2.2m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 90-0244306
Organization Overview
Janet M Lake Trust 9519003374 is located in Las Vegas, NV. The organization was established in 2007. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Janet M Lake Trust 9519003374 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, Janet M Lake Trust 9519003374 generated $138.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $253.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Janet M Lake Trust 9519003374 has awarded 66 individual grants totaling $714,000. 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 | $75,454 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $63,332 |
| Capital Gain Net Income | $63,332 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $138,786 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,443 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,765 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $61,528 |
| Contributions, gifts, grants paid | $192,000 |
| Total expenses and disbursements | $253,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244 |
| Savings and temporary cash investments | $71,284 |
| 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 | $1,337,676 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,226,098 |
| 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, Janet M Lake Trust 9519003374 has awarded $192,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
FAIRFIELD UNIV FBO KEVIN ALVAREZ PURPOSE: SCHOLARSHIP | $8,000 |
WESTERN CONNECTICUT ST UNIV PURPOSE: SCHOLARSHIP | $8,000 |
UNIV OF CONNECTICUT FBO VATSAL BANDARU PURPOSE: SCHOLARSHIP | $8,000 |
UNIV OF CONNECTICUT FBO CHAPAL BHAVSAR PURPOSE: SCHOLARSHIP | $8,000 |
BOSTON UNIV FBO SAMANTHA CHUNG PURPOSE: SCHOLARSHIP | $8,000 |
WESTERN CONNECTICUT ST UNIV FBO ERICA PURPOSE: SCHOLARSHIP | $8,000 |