Gertrude M Damon Trust
- Assets
- $1.7m
- Revenue
- $108.9k
- Investments
- $1.6m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 03/1959
- Data as of
- 12/2023
- EIN
- 99-6002637
Organization Overview
Gertrude M Damon Trust is located in Honolulu, HI. The organization was established in 1959. 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. Gertrude M Damon 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 12/2023, Gertrude M Damon Trust generated $108.9k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $132.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heide Snow Trustee | 1 | $0 | |
Brendan Damon Ethington Trustee | 1 | $0 | |
Pia Damon Spee Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $49,592 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $59,318 |
| Capital Gain Net Income | $59,318 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $108,910 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,520 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $140 |
| Total operating and administrative expenses | $40,889 |
| Contributions, gifts, grants paid | $92,000 |
| Total expenses and disbursements | $132,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $75,354 |
| 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 | $1,612,605 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,687,959 |
| 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, Gertrude M Damon Trust has awarded $92,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SACRED HEARTS SCHOOL PURPOSE: GENERAL CHARITABLE PURPOSES | $46,000 |
LAWAKUA CHARITABLE FUND PURPOSE: GENERAL CHARITABLE PURPOSES | $46,000 |