Frank M Lockwood Trust
- Assets
- $1.5m
- Revenue
- $308.3k
- Investments
- $1.1m
- Employees
- 0
- Location
- Walla Walla, WA
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 91-6024281
Organization Overview
Frank M Lockwood Trust is located in Walla Walla, WA. 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, Frank M Lockwood Trust generated $308.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $201.5k during the year ending 12/2021. While expenses have increased by 5.0% per year over the past 7 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.
Since 2016, Frank M Lockwood Trust has awarded 20 individual grants totaling $573,025. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Co-Trustee | 0 | $27,710 | |
John Reese Co-Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $33,001 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $151,587 |
| Capital Gain Net Income | $30,995 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $123,687 |
| Total Revenue | $308,275 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,710 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,889 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,369 |
| Total operating and administrative expenses | $77,985 |
| Contributions, gifts, grants paid | $123,500 |
| Total expenses and disbursements | $201,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,055 |
| Savings and temporary cash investments | $124,837 |
| 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 | $1,875 |
| Net Land, buildings, and equipment | $307,880 |
| Other assets | $0 |
| Total assets | $1,546,673 |
| 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, Frank M Lockwood Trust has awarded $123,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Walla Walla, WA PURPOSE: OPERATIONS OF CHURCH | $41,000 |
WHITMAN COLLEGE PURPOSE: OPERATIONS OF COLLEGE | $41,000 |
JOSEPH STUBBLEFIELD EST PURPOSE: REQUIRED UNDER TRUST | $41,000 |
Walla Walla, WA PURPOSE: OPERATIONS OF SHELTER | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carpenters-Employers Vacation Trust Of Western Washington Seattle, WA | $5,203,144 | $22,846,334 |
Board Of Trustees Agc Trust Of Montana Spokane, WA | $18,871,331 | $11,144,345 |
Wattis Dumke Foundation Inc Ketchum, ID | $124,566 | $75,918 |
Tongass Timber Trust Mukilteo, WA | $5,700,029 | $5,800,281 |
The Dalai Lama Foundation Shoreline, WA | $6,300,895 | $851,528 |
Carrico Family Foundation Medford, OR | $33,120,720 | $4,067,868 |
One Call For All Bainbridge Island, WA | $2,280,086 | $2,720,804 |
Laidir Foundation Seattle, WA | $43,862,995 | $7,463,532 |
The Berwick Degel Family Foundation Seattle, WA | $7,563,453 | $2,078,571 |
Martin Fabert Foundation Seattle, WA | $16,791,263 | $328,208 |
Austin Family Foundation Newberg, OR | $30,047,559 | $1,660,315 |
Bellarmine Benefactors Trust Spokane, WA | $24,555,171 | $2,993,701 |