Florence Lewis Carkeek Trust Nect
- Assets
- $2.6m
- Revenue
- $132.8k
- Investments
- $2.4m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 12/1970
- Data as of
- 10/2023
- EIN
- 91-6022715
Organization Overview
Florence Lewis Carkeek Trust Nect is located in Milwaukee, WI. The organization was established in 1970. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 10/2023, Florence Lewis Carkeek Trust Nect generated $132.8k 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 (7.4%) each year. All expenses for the organization totaled $148.1k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Florence Lewis Carkeek Trust Nect has awarded 99 individual grants totaling $271,103. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $102,756 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,060 |
| Capital Gain Net Income | $30,060 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $132,816 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,102 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,083 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $60,810 |
| Contributions, gifts, grants paid | $87,279 |
| Total expenses and disbursements | $148,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $145,113 |
| 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 | $1,505,204 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,562,555 |
| 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, Florence Lewis Carkeek Trust Nect has awarded $87,279 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
MOEKO AGATA PURPOSE: SCHOLARSHIP | $5,444 |
ZOE BODOVINITZ PURPOSE: SCHOLARSHIP | $5,444 |
SAMANTHA BUCK PURPOSE: SCHOLARSHIP | $2,333 |
ENZO BURT PURPOSE: SCHOLARSHIP | $3,889 |
ISATOU CEESAY PURPOSE: SCHOLARSHIP | $2,333 |
PHAN NGOC T CHAU PURPOSE: SCHOLARSHIP | $3,111 |