Gregg & Kristin Ostrander Charitable Trust
- Assets
- $900.5k
- Revenue
- $55.0k
- Investments
- $803.8k
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 06/2014
- Data as of
- 12/2022
- EIN
- 32-6268475
Organization Overview
Gregg & Kristin Ostrander Charitable Trust is located in Minneapolis, MN. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Gregg & Kristin Ostrander 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 12/2022, Gregg & Kristin Ostrander Charitable Trust generated $55.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $90.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gregg & Kristin Ostrander Charitable Trust has awarded 15 individual grants totaling $181,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregg Ostrander Trustee | 5 | $0 | |
Kristin Ostrander Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,622 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,395 |
| Capital Gain Net Income | $35,395 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,017 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $700 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $16,249 |
| Contributions, gifts, grants paid | $74,500 |
| Total expenses and disbursements | $90,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $95,671 |
| Net Accounts receivable | $1,000 |
| 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 | $803,810 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $900,481 |
| 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, Gregg & Kristin Ostrander Charitable Trust has awarded $74,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FARAJA FUND FOUNDATION PURPOSE: OPERATING SUPPORT | $4,500 |
NEIGHBORHOOD HEALTH CLINIC PURPOSE: OPERATING SUPPORT | $50,000 |
YOUTH HAVEN INC PURPOSE: OPERATING SUPPORT | $15,000 |
AOPA FOUNDATION PURPOSE: OPERATING SUPPORT | $5,000 |