Arsher Charitable Trust
- Assets
- $11.4m
- Revenue
- $170.9k
- Investments
- $9.7m
- Employees
- 0
- Location
- Hibbing, MN
- Founding
- 04/1991
- Data as of
- 12/2022
- EIN
- 41-6331441
Organization Overview
Arsher Charitable Trust is located in Hibbing, MN. The organization was established in 1991. 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. Arsher 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, Arsher Charitable Trust generated $170.9k 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 (24.2%) each year. All expenses for the organization totaled $862.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Arsher Charitable Trust has awarded 229 individual grants totaling $3,668,681. 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 |
|---|---|---|---|
John N Nys Trustee | 1 | $2,550 | |
Rana R Porter Trustee | 1 | $0 | |
Kent D Rhude Trustee | 1 | $0 | |
Cary J Rhude Trustee | 1 | $0 | |
Sally A Pernat Trustee | 1 | $0 | |
Joan Rhude Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $348,664 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$178,365 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $583 |
| Total Revenue | $170,882 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,550 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24,672 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $76,622 |
| Contributions, gifts, grants paid | $785,881 |
| Total expenses and disbursements | $862,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,746,638 |
| 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 | $3,763,127 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,442,265 |
| 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, Arsher Charitable Trust has awarded $785,881 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
ADVOCATES FOR FAMILY PEACE PURPOSE: GENERAL SUPPORT | $13,000 |
ALIGHT PURPOSE: GENERAL SUPPORT | $2,500 |
CAMP GEORGE E SIGEL PURPOSE: GENERAL SUPPORT | $10,000 |
CARING BRIDGE PURPOSE: GENERAL SUPPORT | $2,500 |
CHISHOLM FOOD SHELF - ARROWHEAD ECONOMIC OPPORTUNITY AGENCY PURPOSE: GENERAL SUPPORT | $5,000 |
CHUM PURPOSE: GENERAL SUPPORT | $10,000 |