Trust Funds Inc
- Assets
- $3.8m
- Revenue
- $748.4k
- Investments
- $2.8m
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 10/1936
- Data as of
- 12/2022
- EIN
- 94-6062952
Organization Overview
Trust Funds Inc is located in Sacramento, CA. The organization was established in 1936. 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. Trust Funds Inc 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 12/2022, Trust Funds Inc generated $748.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $703.6k during the year ending 12/2022. While expenses have increased by 1.3% per year over the past 8 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, Trust Funds Inc has awarded 339 individual grants totaling $3,409,408. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth M Kelley President | 20 | $56,964 | |
Mary Hudler Director To Nov | 2 | $1,500 | |
Alfred A Peguero Director - Feb | 2 | $1,000 | |
John Strain Secretary & CFO | 6 | $0 | |
Brian O'hearn Director To Jun | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $1,381 |
| Dividends & Interest | $74,183 |
| Net Rental Income | $483,489 |
| Net Gain on Sale of Assets | $104,365 |
| Capital Gain Net Income | $104,365 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $748,444 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $59,464 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $5,338 |
| Interest | $0 |
| Taxes | $8,193 |
| Depreciation | $21,238 |
| Occupancy | $9,960 |
| Travel, conferences, and meetings | $6,518 |
| Printing and publications | $0 |
| Other expenses | $77,580 |
| Total operating and administrative expenses | $245,316 |
| Contributions, gifts, grants paid | $458,300 |
| Total expenses and disbursements | $703,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,263 |
| Savings and temporary cash investments | $189,868 |
| 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 | $689,268 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,741 |
| Total assets | $3,801,880 |
| 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 | $59,669 |
| Total liabilities | $59,669 |
Grants Awarded
Over the last fiscal year, Trust Funds Inc has awarded $458,300 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
EPIPHANY CENTER PURPOSE: PNEUMATIC ELEVATOR FOR EPIPHAN STEP DOWN CENTER | $20,000 |
REAL OPTIONS OBRIA MEDICAL CLINICS PURPOSE: ULTRASOUND SERVICES FOR 66 PATIENTS | $19,800 |
GOD SQUAD PRODUCTIONS PURPOSE: TELEVISION PRODUCTION COSTS | $18,000 |
SVDP ST ANTHONY CONFERENCE PURPOSE: SUPPORT FOR THE NEEDY | $16,000 |
San Francisco, CA PURPOSE: TUITION ASSISTANCE | $15,000 |
SOC ST VINCENT DE PAUL-HOLY SPIRIT PURPOSE: TRANSITION TO PERMANENT HOUSING | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |
Price Philanthropies Foundation La Jolla, CA | $497,968,777 | $37,892,208 |
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |
Oprah Winfrey Charitable Foundation Los Angeles, CA | $244,908,730 | $15,499,605 |