Henry Elm Trust
- Assets
- $1.2m
- Revenue
- $221.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Sidney, MT
- Founding
- 05/1964
- Data as of
- 12/2022
- EIN
- 23-7418092
Organization Overview
Henry Elm Trust is located in Sidney, MT. The organization was established in 1964. 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. Henry Elm 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, Henry Elm Trust generated $221.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $206.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Henry Elm Trust has awarded 188 individual grants totaling $941,067. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP AWARDS TO OUTSTANDING HIGH SCHOOL GRADUATES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wade Whiteman Co-Trustee | 0 | $0 | |
JD Mulkey Co-Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,661 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $208,641 |
| Total Revenue | $221,302 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $62,419 |
| Depreciation | $27,542 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $600 |
| Total operating and administrative expenses | $97,276 |
| Contributions, gifts, grants paid | $108,740 |
| Total expenses and disbursements | $206,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $263,178 |
| Savings and temporary cash investments | $903,758 |
| 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 | $12,763 |
| Other assets | $0 |
| Total assets | $1,179,699 |
| 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, Henry Elm Trust has awarded $108,740 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
ASHLEY KARST PURPOSE: SCHOLARSHIP | $1,701 |
BAYLEE SCHLOUTHER PURPOSE: SCHOLARSHIP | $500 |
BROOKE FRANKLIN PURPOSE: SCHOLARSHIP | $3,717 |
CALEB SLADE PURPOSE: SCHOLARSHIP | $6,756 |
CARLEE STRASHEIM PURPOSE: SCHOLARSHIP | $2,585 |
CHRISTINE TUREK PURPOSE: SCHOLARSHIP | $1,079 |