Frank M Lockwood Trust
- Assets
- $1.5m
- Revenue
- $177.9k
- Investments
- $1.2m
- Employees
- 0
- Location
- Walla Walla, WA
- Founding
- 00/0000
- Data as of
- 12/2022
- 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 12/2022, Frank M Lockwood Trust generated $177.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $215.9k during the year ending 12/2022. While expenses have increased by 3.5% 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 28 individual grants totaling $808,925. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Baker Boyer Bank Wealth Management Co-Trustee | 0 | $26,864 | |
John Reese Co-Trustee | 0 | $9,237 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,577 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,601 |
| Capital Gain Net Income | $13,144 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $139,673 |
| Total Revenue | $177,851 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,101 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,044 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45,800 |
| Total operating and administrative expenses | $90,005 |
| Contributions, gifts, grants paid | $125,900 |
| Total expenses and disbursements | $215,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,309 |
| Savings and temporary cash investments | $0 |
| 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 | $1,508,619 |
| 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 $125,900 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHRISTIAN AID CENTER PURPOSE: OPERATIONS OF SHELTER | $500 |
JOSEPH STUBBLEFIELD EST PURPOSE: REQURIED UNDER TRUST | $41,800 |
ST PAUL'S EPISCOPAL CHURCH PURPOSE: OPERATIONS OF CHURCH | $41,800 |
WHITMAN COLLEGE PURPOSE: OPERATIONS OF COLLEGE | $41,800 |