Josephine De Karman Trust
- Assets
- $3.3m
- Revenue
- $770.5k
- Investments
- $3.2m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 95-6019527
Organization Overview
Josephine De Karman Trust is located in Detroit, MI. The organization was established in 0000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations.
For the year ending 12/2021, Josephine DE Karman Trust generated $770.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 41.3% each year . All expenses for the organization totaled $243.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $53 |
| Dividends & Interest | $42,628 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $727,646 |
| Capital Gain Net Income | $727,646 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $182 |
| Total Revenue | $770,509 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $16,977 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,140 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $15,000 |
| Printing and publications | $0 |
| Other expenses | $685 |
| Total operating and administrative expenses | $105,565 |
| Contributions, gifts, grants paid | $137,500 |
| Total expenses and disbursements | $243,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,042 |
| 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 | $3,292,317 |
| 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, Josephine De Karman Trust has awarded $137,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: SCHOLARSHIPS | $25,000 |
Pasadena, CA PURPOSE: SCHOLARSHIPS | $25,000 |
STANFORD UNIVERSITY PURPOSE: SCHOLARSHIPS | $12,500 |
BROWN UNIVERSITY PURPOSE: SCHOLARSHIPS | $12,500 |
PRINCETON UNIVERSITY PURPOSE: SCHOLARSHIPS | $12,500 |
THE UNIVERSITY OF MINNESOTA PURPOSE: SCHOLARSHIPS | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard U Light Foundation Kalamazoo, MI | $629,730 | $25,417,215 |
Skillman Foundation Detroit, MI | $412,503,854 | $53,699,386 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Kalamazoo Promise Kalamazoo, MI | $7,251,327 | $23,596,440 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Knowledgeworks Foundation Cincinnati, OH | $34,010,195 | $7,717,304 |
Ruth Mott Foundation Flint, MI | $290,091,185 | $30,117,543 |
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |
Thompson Foundation Plymouth, MI | $5,518,000 | $2,844,461 |