Robert & Helen Remick Charitable Foundation
- Assets
- $9.2m
- Revenue
- $574.0k
- Investments
- $8.9m
- Employees
- 0
- Location
- Lakefield, MN
- Founding
- 11/1999
- Data as of
- 12/2022
- EIN
- 41-1950527
Organization Overview
Robert & Helen Remick Charitable Foundation is located in Lakefield, MN. The organization was established in 1999. 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. Robert & Helen Remick Charitable Foundation 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, Robert & Helen Remick Charitable Foundation generated $574.0k 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 (27.1%) each year. All expenses for the organization totaled $803.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Robert & Helen Remick Charitable Foundation has awarded 78 individual grants totaling $1,593,548. 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
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynel Rae Nelson Trustee | 6 | $18,250 | |
Lynne Kessler Trustee | 6 | $17,500 | |
Jean Pike Trustee | 6 | $17,000 | |
Michael Nesseth Trustee | 6 | $16,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $220,274 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $343,232 |
| Capital Gain Net Income | $343,232 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,500 |
| Total Revenue | $574,006 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $69,250 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $32,110 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,649 |
| Total operating and administrative expenses | $283,891 |
| Contributions, gifts, grants paid | $519,520 |
| Total expenses and disbursements | $803,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50 |
| Savings and temporary cash investments | $311,313 |
| 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 | $8,904,106 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $311 |
| Total assets | $9,215,780 |
| 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, Robert & Helen Remick Charitable Foundation has awarded $519,520 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF LAKEFIELD PURPOSE: PLAYGROUND EQUIPMENT | $5,000 |
COTTONWOOD COUNTY 4-H PURPOSE: KIDS PROGRAM | $2,000 |
DES MOINES VALLEY HEALTH HUMAN SE PURPOSE: SUPPORT PROGRAM | $16,000 |
HERON LAKE-OKABENA SCHOOL PURPOSE: ART AND AG PROGRAMS | $11,439 |
JACKSON CENTER FOR THE ARTS PURPOSE: ROOF REPAIR | $20,000 |
JACKSON COUNTY ANIMAL PROTECTION SO PURPOSE: ANIMAL RESCUE | $2,500 |