Charles And Truda Drennan Foundation
- Assets
- $46.2k
- Revenue
- $6.1k
- Investments
- $44.8k
- Employees
- 0
- Location
- Juneau, AK
- Founding
- 04/1986
- Data as of
- 08/2024
- EIN
- 92-6020990
Organization Overview
Charles And Truda Drennan Foundation is located in Juneau, AK. The organization was established in 1986. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Charles And Truda Drennan Foundation 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 08/2024, Charles And Truda Drennan Foundation generated $6.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.8% each year . All expenses for the organization totaled $9.9k during the year ending 08/2024. While expenses have increased by 13.9% per year over the past 5 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAID SCHOLARSHIPS - $9,750
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen S Corbus Trustee | 2 | $0 | |
Ellis Gemberling Trustee | 1 | $0 | |
James Breece Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,911 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,153 |
| Capital Gain Net Income | $4,153 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,064 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $175 |
| Total operating and administrative expenses | $175 |
| Contributions, gifts, grants paid | $9,750 |
| Total expenses and disbursements | $9,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,388 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $46,213 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $3,750 |
| 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 | $3,750 |
Grants Awarded
Over the last fiscal year, Charles And Truda Drennan Foundation has awarded $9,750 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CAMRYN FOSTER PURPOSE: SE MISSOURI STATE UNIVERSITY, #1 UNIVERSITY PLAZA, CAPE GIRARDEAU, MO 63701 | $6,000 |
LILY WATKINS PURPOSE: ARKANSAS STATE UNIVERSITY, PO BOX 1570,STATE UNIVERSITY, AR 72467 | $3,750 |