Louis A Roberg Endowment Trust
- Assets
- $816.2k
- Revenue
- $28.9k
- Investments
- $791.2k
- Employees
- 0
- Location
- Litchfield, MN
- Founding
- 04/1980
- Data as of
- 09/2023
- EIN
- 41-6223072
Organization Overview
Louis A Roberg Endowment Trust is located in Litchfield, MN. The organization was established in 1980. 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. Louis A Roberg Endowment 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 09/2023, Louis A Roberg Endowment Trust generated $28.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (27.1%) each year. All expenses for the organization totaled $78.6k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Louis A Roberg Endowment Trust has awarded 102 individual grants totaling $296,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST'S SOLE ACTIVITY CONSISTS OF AWARDING SCHOLARSHIPS TO AREA STUDENTS - SEE ATTACHED LIST OF PARTICIPATING SCHOOLS. TOTAL SCHOLARSHIPS AWARDED 64,960 LESS 2,000 RETURNED FOR A NET AMOUNT OF 62,960.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Wood Trustee | 0 | $0 | |
Rebecca M Rue Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20 |
| Dividends & Interest | $24,997 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,603 |
| Capital Gain Net Income | $3,603 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $253 |
| Total Revenue | $28,873 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,500 |
| Other employee salaries and wages | $7,500 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $593 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,501 |
| Total operating and administrative expenses | $32,598 |
| Contributions, gifts, grants paid | $46,000 |
| Total expenses and disbursements | $78,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,451 |
| Savings and temporary cash investments | $20,564 |
| 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 | $597,133 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $816,211 |
| 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, Louis A Roberg Endowment Trust has awarded $46,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXANDRIA TECH & COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $2,000 |
NORTH DAKOTE STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $2,000 |
SOUTH DAKOTA STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $3,500 |
ST CLOUD TECHNICAL COLLEGE PURPOSE: SCHOLARSHIP | $2,000 |
ST CLOUD STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $2,500 |
UNIVERSITY OF MN - TWIN CITIES PURPOSE: SCHOLARSHIP | $5,000 |