Helen R Ernst Charitable Trust
- Assets
- $93.7k
- Revenue
- $8.2k
- Investments
- $89.1k
- Employees
- 0
- Location
- Devils Lake, ND
- Founding
- 09/1979
- Data as of
- 06/2022
- EIN
- 45-6050423
Organization Overview
Helen R Ernst Charitable Trust is located in Devils Lake, ND. The organization was established in 1979. 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. Helen R Ernst 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 06/2022, Helen R Ernst Charitable Trust generated $8.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $12.1k during the year ending 06/2022. While expenses have increased by 3.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE COLLEGE SCHOLARSHIPS TO NATIVE AMERICANS FROM THE FORT TOTTEN SPIRIT LAKE NATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ramsey National Bank Trustee | 1 | $1,571 | |
Lori Brown Director | 0.1 | $25 | |
Candace Bergstrom Director | 0.1 | $25 | |
Kathy Martin Director | 0.1 | $25 | |
Charmayne Bohanon Director | 0.1 | $0 | |
Dixie Omen Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,699 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,487 |
| Capital Gain Net Income | $5,487 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,186 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,646 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $114 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,099 |
| Contributions, gifts, grants paid | $8,007 |
| Total expenses and disbursements | $12,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,507 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $126 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $93,713 |
| 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, Helen R Ernst Charitable Trust has awarded $8,007 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ALLISON SHAW PURPOSE: SCHOLARSHIP | $972 |
KAYLEAN LOHNES PURPOSE: SCHOLARSHIP | $972 |
CASSANDRA MCDONALD PURPOSE: SCHOLARSHIP | $972 |
TAYLAR BAKER PURPOSE: SCHOLARSHIP | $972 |
SHARNELL SEABOY PURPOSE: SCHOLARSHIP | $972 |
RONALD WALKING EAGLE JR PURPOSE: SCHOLARSHIP | $972 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
David And Janis Larson Foundation Minneapolis, MN | $131,263,001 | -$404,078 |
The Jennings Family Foundation Edina, MN | $20,317,059 | $4,027,228 |
Rob and Terry Ryan Foundation (MONTANA) INC Hamilton, MT | $0 | $1,856,642 |
Kaena Foundation Minneapolis, MN | $0 | $2,288,902 |
K A H R Foundation Minnetrista, MN | $0 | $2,779,843 |
The Mortenson Family Foundation Minneapolis, MN | $135,941,290 | $34,670,895 |
Northeast Entrepreneur Fund Inc Duluth, MN | $61,578,010 | $11,454,205 |
Wem 2000 Foundation Minneapolis, MN | $94,111,129 | $6,290,419 |
Michael D And Susan H Arnesonfamily Foundation Inc Gallatin Gateway, MT | $0 | $612,050 |
North Dakota Natural Resources Trust Inc Bismarck, ND | $40,272,608 | $8,625,050 |
Cross Charitable Foundation Inc Bozeman, MT | $59,251,378 | $4,939,274 |
Tykeson Fam Charitable Tr Ovando, MT | $84,261,165 | $6,505,228 |