Lester B Millard Testamentary Trust
- Assets
- $1.8m
- Revenue
- $76.3k
- Investments
- $1.8m
- Employees
- 0
- Location
- Ontario, CA
- Founding
- 03/1963
- Data as of
- 12/2022
- EIN
- 95-6017552
Organization Overview
Lester B Millard Testamentary Trust is located in Ontario, CA. The organization was established in 1963. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lester B Millard Testamentary 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 12/2022, Lester B Millard Testamentary Trust generated $76.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $150.8k during the year ending 12/2022. 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
$100 TO BE GIVEN ANNUALLY TO THE (NOW) UNITED WAY OF GREATER LOS ANGELES
PRESCRIBED BALANCE OF TRUST ACCOUNTING INCOME TO BE DISTRIBUTED TO THE FIRST CONGREGATIONAL CHURCH OF PASADENA (CA)
HOLD, MANAGE AND DISTRIBUTE ASSETS THE INCOME FROM WHICH ARE PAID IN QUARTERLY, ANNUAL OR OTHER CONVENIENT INSTALLMENTS TO THE TWO ORGANIZATIONS IDENTIFIED ABOVE.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $61,227 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,026 |
| Capital Gain Net Income | $15,026 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $38 |
| Total Revenue | $76,291 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,429 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,254 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $25,133 |
| Contributions, gifts, grants paid | $125,619 |
| Total expenses and disbursements | $150,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,411 |
| 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 | $91,822 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,028 |
| Total assets | $1,845,777 |
| 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, Lester B Millard Testamentary Trust has awarded $125,619 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST CONGREGATIONAL CHURCH-PASA PURPOSE: GENERAL USE | $125,519 |
UNITED WAY - GREATER LOS ANGELES PURPOSE: GENERAL USE | $100 |