Getsch Charitable Tr
- Assets
- $2.3m
- Revenue
- $37.9k
- Investments
- $2.3m
- Employees
- 0
- Location
- North Oaks, MN
- Founding
- 06/2003
- Data as of
- 12/2022
- EIN
- 45-0510351
Organization Overview
Getsch Charitable Tr is located in North Oaks, MN. The organization was established in 2003. 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. Getsch Charitable Tr 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, Getsch Charitable Tr generated $37.9k 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 (32.5%) each year. All expenses for the organization totaled $229.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Getsch Charitable Tr has awarded 240 individual grants totaling $666,500. 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 |
|---|---|---|---|
Heidi Carls Executive Director And President | 5 | $9,000 | |
Deborah Haag Treasurer | 5 | $9,000 | |
Edward W Getsch Trustee | 1 | $0 | |
John H Getsch Trustee | 1 | $0 | |
Dianne H Getsch Trustee | 1 | $0 | |
Marilyn R Getsch Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $248 |
| Dividends & Interest | $60,305 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$22,643 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $37,910 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,539 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,787 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $47,493 |
| Contributions, gifts, grants paid | $181,800 |
| Total expenses and disbursements | $229,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,827 |
| 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 | $2,289,973 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,332,800 |
| 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, Getsch Charitable Tr has awarded $181,800 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE DEFENDING FREEDOM PURPOSE: MINISTRY SUPPORT/GENERAL FUND | $3,000 |
ANSWERS IN GENESIS PURPOSE: MINISTRY SUPPORT/GENERAL FUND | $5,000 |
AVIVO MN PURPOSE: MINISTRY SUPPORT/GENERAL FUND | $1,500 |
BIBLE FELLOWSHIP CHURCH OF NEWARK PURPOSE: MINISTRY SUPPORT/GENERAL FUND | $1,000 |
CHARITY WATER PURPOSE: MINISTRY SUPPORT/GENERAL FUND | $4,000 |
CHESTERTON ACADEMY PURPOSE: MINISTRY SUPPORT/GENERAL FUND | $2,000 |