Bruce Mitchell Foundation Trust
- Assets
- $5.3m
- Revenue
- $346.7k
- Investments
- $5.2m
- Employees
- 0
- Location
- Parma, ID
- Founding
- 02/1990
- Data as of
- 06/2022
- EIN
- 94-3107820
Organization Overview
Bruce Mitchell Foundation Trust is located in Parma, ID. The organization was established in 1990. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Bruce Mitchell Foundation Trust 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 06/2022, Bruce Mitchell Foundation Trust generated $346.7k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $301.4k during the year ending 06/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS
CHARITABLE CONTRIBUTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Johnson Trustee | 0 | $0 | |
Anita Kiser Trustee | 0 | $0 | |
Duane Kido Trustee | 0 | $0 | |
Faere Watson Trustee | 0 | $0 | |
Todd Wong Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $10 |
| Dividends & Interest | $130,421 |
| Net Rental Income | $39,223 |
| Net Gain on Sale of Assets | $176,087 |
| Capital Gain Net Income | $176,087 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $346,741 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,771 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,328 |
| Total operating and administrative expenses | $45,699 |
| Contributions, gifts, grants paid | $255,750 |
| Total expenses and disbursements | $301,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,375 |
| Savings and temporary cash investments | $163,769 |
| 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 | $5,342,469 |
| 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, Bruce Mitchell Foundation Trust has awarded $255,750 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED SCHEDULE PURPOSE: SCHOLARSHIPS | $254,250 |
PARMA CEMETERY DISTRICT PURPOSE: CHARITABLE CONTIRUBTION | $1,000 |
SILVER CITY LODGE PURPOSE: CHARITABLE CONTRIBUTION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bezos Family Foundation Seattle, WA | $130,746,152 | $60,417,966 |
Holland M Ware Charitable Foundation Eagle, ID | $219,618,856 | $24,900,954 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |
Sorenson Legacy Foundation Midvale, UT | $495,708,411 | $38,649,828 |
Cyrus Tang Foundation Las Vegas, NV | $882,448,132 | $23,435,848 |
Kate B Reynolds Charitable Trust Las Vegas, NV | $458,547,474 | $24,205,244 |
Raikes Foundation Seattle, WA | $117,221,519 | $16,360,598 |
Aldarra Foundation Seattle, WA | $1,907,346 | $20,570,824 |
Charles K Blandin Residuary Trust 30/15962 Las Vegas, NV | $0 | $17,582,870 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
James F And Marion L Miller Foundation Portland, OR | $164,280,841 | $30,090,803 |