Ervil A & Ronald E Thiel Charitable Trust
- Assets
- $4.1m
- Revenue
- $216.0k
- Investments
- $4.1m
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 05/2001
- Data as of
- 08/2023
- EIN
- 48-6373749
Organization Overview
Ervil A & Ronald E Thiel Charitable Trust is located in Colorado Springs, CO. The organization was established in 2001. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ervil A & Ronald E Thiel 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 08/2023, Ervil A & Ronald E Thiel Charitable Trust generated $216.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $368.3k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ervil A & Ronald E Thiel Charitable Trust has awarded 76 individual grants totaling $2,699,314. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,675 |
| Dividends & Interest | $158,382 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,616 |
| Capital Gain Net Income | $32,616 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $19,344 |
| Total Revenue | $216,017 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $59,885 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,016 |
| Total operating and administrative expenses | $64,931 |
| Contributions, gifts, grants paid | $303,340 |
| Total expenses and disbursements | $368,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,869 |
| 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 | $3,551,624 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,112,291 |
| 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, Ervil A & Ronald E Thiel Charitable Trust has awarded $303,340 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL BAPTIST THEOLOGICAL SEMINAR PURPOSE: CREATED ENROLLMENT MANAGEMENT DEPT. FUNDS USED FOR PRO COACH, DIRECTOR'S CONT EDUC, RECRUITMENT TRAVEL, MARKETING ETC. | $58,000 |
OTTAWA UNIVERSITY PURPOSE: HELP STUDENTS W/RENT, UTILITIES AND VEHICLE MAINTENANCE, STUDENT SUPPLIES, TRAVEL, LODGING AND MEALS FOR STUDENTS AT PROGRAMMING FUNCTIONS | $50,000 |
AMERICAN BAPTIST FOUNDATION PURPOSE: PROVIDE FUNDS FOR TRAVEL COST AND CONTRACTED CONSULTANT TIME FOR STAFF TO VISIT DONORS PERSONALLY | $35,000 |
FIRST BAPTIST CHURCH PURPOSE: UPGRADE SANCTUARY AUDIO & VIDEO SYSTEM & REPLACE CURRENT PEWS WITH CHAIRS | $50,000 |
AMERICAN CANCER SOCIETY PURPOSE: PROVIDE 2,000 RIDES FOR PATIENTS TO AND FROM MED APPOINTMENTS IN KC AREA; HOPE LODGE EXPENSES | $30,000 |
CAMP CHRISTY CORPORATION PURPOSE: BUILDING/REMODELING COTTAGES AND INSTALL AN ABOVE GROUND POOL IF POSSIBLE | $35,000 |