Rhude Family Charitable Foundation
- Assets
- $3.8m
- Revenue
- $85.2k
- Investments
- $3.3m
- Employees
- 0
- Location
- Hibbing, MN
- Founding
- 11/2016
- Data as of
- 12/2022
- EIN
- 81-1539919
Organization Overview
Rhude Family Charitable Foundation is located in Hibbing, MN. The organization was established in 2016. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Rhude Family Charitable Foundation 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, Rhude Family Charitable Foundation generated $85.2k in total revenue. All expenses for the organization totaled $266.4k during the year ending 12/2022.
Since 2020, Rhude Family Charitable Foundation has awarded 11 individual grants totaling $652,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rana R Porter Trustee | 1 | $0 | |
Kent D Rhude Trustee | 1 | $0 | |
Cary J Rhude Trustee | 1 | $0 | |
Sally A Pernat Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $113,644 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$28,506 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $68 |
| Total Revenue | $85,206 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,687 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $26,407 |
| Contributions, gifts, grants paid | $240,000 |
| Total expenses and disbursements | $266,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $295 |
| Savings and temporary cash investments | $527,140 |
| 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 | $997,457 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,828,564 |
| 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, Rhude Family Charitable Foundation has awarded $240,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL RANGE PICKLEBALL CLUB PURPOSE: TO SUPPORT BUILDING 6 PICKLEBALL COURTS IN HIBBING, MN. | $10,000 |
SALVATION ARMY PURPOSE: BUILDING REPAIRS INCLUDING ROOF, TUCK POINTING AND WINDOWS. | $15,000 |
SECOND HARVEST - NORTH CENTRAL FOOD BANK PURPOSE: TO SUPPORT PROGRAMS THAT DISTRIBUTE OVER 4 MILLION POUNDS FOOD AND GROCERY PRODUCTS TO THE NEEDY. | $15,000 |
STAR OF THE NORTH MATERNITY HOME PURPOSE: TO FILL THE NEED FOR HOUSING FOR PREGNANT MOTHERS AND/OR MOTHERS WITH CHILDREN EXPERIENCING HOUSING INSTABILITY, AS WELL AS PROVIDE EDUCATION, HOLISTIC MEDICAL CARE, AND COMPREHENSIVE SERVICES. | $50,000 |
UNITED WAY OF NORTHEASTERN MINNESOTA PURPOSE: TO SUPPORT CRITICAL WORK OF NONPROFIT AGENCIES IN THE COMMUNITY. | $150,000 |