Barbara Joy Trust co Christine J Soverel

MERCER ISLAND, WA EIN: 30-6083952

Barbara Joy Trust co Christine J Soverel is a private foundation, based in MERCER ISLAND, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 2 grants totaling $27K. Net investment income was $74K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.2M

-2.9% YoY

Annual Giving

$27K

-44.2% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$14K

-44.2% YoY

Under IRS private-foundation payout rules, Barbara Joy Trust co Christine J Soverel reported a distributable amount of $69K for 2024 — the minimum it must pay out in qualifying distributions.

About Barbara Joy Trust co Christine J Soverel

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Maine $248K (100%)

States

Maine

Cities

Bar Harbor

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,210,202	$1,246,423	$1,283,382
Revenue	$79,880	$49,254	$56,410
Expenses	$118,951	$96,700	$92,463
Qualifying Distributions	$112,650	$89,040	$84,014
Net Investment Income	$74,172	$42,194	$47,961
Distributable Amount	$68,989	$77,060	$79,579

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Jesup Memorial Library ($13,600), Mount Desert Island Hospital Auxilary ($13,600).

Recipient	Purpose	Amount
JESUP MEMORIAL LIBRARY BAR HARBOR, ME	PUBLIC CHARITY UNRESTRICTED GIFT	$13,600
MOUNT DESERT ISLAND HOSPITAL AUXILARY BAR HARBOR, ME	CHARITYRESTRICTED GIFT TO BENEFIT THE MARION J MORSE SCHOLARSHIP FUND	$13,600

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
CHRISTINE J SOVEREL	TrusteeTreasurer	8	$18,056
ANDREW GOSTEL	Trustee	4	$3,808
PETER SOVEREL	Trustee	4	$4,081

Frequently Asked Questions

How large is Barbara Joy Trust co Christine J Soverel?

As of 2024, Barbara Joy Trust co Christine J Soverel holds $1.2M in total assets with $80K in annual revenue. It awarded 2 grants totaling $27K in 2024.

Where does Barbara Joy Trust co Christine J Soverel operate?

Barbara Joy Trust co Christine J Soverel has awarded grants in Maine.

What size grants does Barbara Joy Trust co Christine J Soverel award?

In 2024, Barbara Joy Trust co Christine J Soverel awarded 2 grants totaling $27K — an average of about $14K per grant, based on its IRS Form 990 filings.

How much is Barbara Joy Trust co Christine J Soverel required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Barbara Joy Trust co Christine J Soverel reported a distributable amount of $69K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Barbara Joy Trust co Christine J Soverel's EIN?

Barbara Joy Trust co Christine J Soverel's EIN (Employer Identification Number) is 30-6083952. IRS Form 990 filing data is available on this page for 2020–2024.