Chester Johnson Charitable Trust
- Assets
- $1.5m
- Revenue
- $91.5k
- Investments
- $1.4m
- Employees
- 0
- Location
- Balaton, MN
- Founding
- 01/1994
- Data as of
- 06/2024
- EIN
- 41-1754292
Organization Overview
Chester Johnson Charitable Trust is located in Balaton, MN. The organization was established in 1994. 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. Chester Johnson 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 06/2024, Chester Johnson Charitable Trust generated $91.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $82.2k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Chester Johnson Charitable Trust has awarded 91 individual grants totaling $801,052. 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 |
|---|---|---|---|
Lee Stafne Trustee | 2 | $10,000 | |
Curtis Peterson Trustee | 2 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,063 |
| Dividends & Interest | $59,686 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,723 |
| Capital Gain Net Income | $23,723 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,000 |
| Total Revenue | $91,472 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,011 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $23,751 |
| Contributions, gifts, grants paid | $58,455 |
| Total expenses and disbursements | $82,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $31,230 |
| 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 | $75,667 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,106,155 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,531,460 |
| 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, Chester Johnson Charitable Trust has awarded $58,455 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF BALATON PURPOSE: RECREATION ACTIVITIES | $15,000 |
BALATON CHAMBER OF COMMERCE PURPOSE: RECREATION ACTIVITIES | $5,000 |
TRINITY LUTHERAN CHURCH PURPOSE: CHURCH OPERATIONS | $3,500 |
SILLERUD LUTHERAN CHURCH PURPOSE: CHURCH OPERATIONS | $6,000 |
TRACY INDEPENDENT SCHOOL DISTRICT PURPOSE: PRESCHOOL OPERATIONS | $21,455 |
SHELBURNE TOWNSHIP PURPOSE: GENERAL OPERATIONS | $7,500 |