Huisken Family Charitable Trust
- Assets
- $2.1m
- Revenue
- $261.8k
- Investments
- $1.6m
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 02/2005
- Data as of
- 12/2021
- EIN
- 20-0754987
Organization Overview
Huisken Family Charitable Trust is located in Sioux Falls, SD. The organization was established in 2005. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Huisken Family Charitable 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 12/2021, Huisken Family Charitable Trust generated $261.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $125.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE, RELIGIOUS AND EDUCATIONAL PURPOSES AND SUPPORTING ACTITIES FOR THE BENEFIT TO CARRY OUT THESE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO NON PROFIT ORGANIZATIONS THAT MEET THE MISSION OF THE HUISKEN FAMILY CHARITABLE TRUST.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Bakke Managing Tru | Trustee | 1 | $0 |
Rob Broin Managing Tru | Trustee | 1 | $0 |
Kurt Huisken Family Trust | Trustee | 1 | $0 |
Steve Jankord Managing Tru | Trustee | 1 | $0 |
Doug Seebeck Managing Tru | Trustee | 1 | $0 |
Char Huisken Family Trust | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,000 |
| Total Program Service Revenue | $0 |
| Investment income | $11,544 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $71,550 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $261,835 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $114,277 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,081 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,538 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $125,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $116,152 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $370,253 |
| Investments—other securities | $1,621,390 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,107,795 |
| Accounts payable and accrued expenses | $26,035 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $26,035 |
| Net assets without donor restrictions | $2,081,760 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,107,795 |
Grants Awarded
Over the last fiscal year, Huisken Family Charitable Trust has awarded $114,277 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Federal Way, WA PURPOSE: GENERAL | $100,000 |
Grand Rapids, MI PURPOSE: GENERAL | $14,277 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Huisken Family Charitable Trust has recieved totaling $6,500.
| Awarding Organization | Amount |
|---|---|
Kingdom Capital Fund Sioux Falls, SD PURPOSE: GENERAL PURPOSE | $6,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brahmananda Saraswati Foundation Fairfield, IA | $96,502,507 | $13,140,832 |
Aim Higher Foundation St Paul, MN | $6,897,588 | $2,438,620 |
Presbyterian Frontier Fellowship Richfield, MN | $5,941,801 | $2,372,271 |
Minnesota Education Trust St Paul, MN | $12,235,946 | $1,363,771 |
Reruns R Fun Inc La Vista, NE | $1,226,554 | $873,036 |
Norwalk Area Ministerial Association Norwalk, IA | $73,039 | $574,226 |
Dr Willard E And Ella N Romberg Supporting Foundation New Ulm, MN | $5,025,617 | $551,325 |
First Presbyterian Church Foundation Of Hastings Nebraska Hastings, NE | $4,365,676 | $220,755 |
Care Uganda Grant, NE | $70,603 | $0 |
Care And Share Shop Mountain Lake, MN | $151,086 | $172,969 |
Marianna Inc Cedar Bluffs, NE | $4,273,877 | $280,467 |
Poland Evangelical Mission Sioux Falls, SD | $53,121 | $0 |