Bernice M Rise Testamentary Trust
- Assets
- $74.4k
- Revenue
- $8.4k
- Investments
- $74.4k
- Employees
- 0
- Location
- Salem, OR
- Founding
- 06/1978
- Data as of
- 07/2024
- EIN
- 93-6126351
Organization Overview
Bernice M Rise Testamentary Trust is located in Salem, OR. The organization was established in 1978. 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. Bernice M Rise Testamentary 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 07/2024, Bernice M Rise Testamentary Trust generated $8.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $9.7k during the year ending 07/2024. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,866 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,504 |
| Capital Gain Net Income | $5,504 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,370 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,700 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $132 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,713 |
| Total operating and administrative expenses | $4,145 |
| Contributions, gifts, grants paid | $5,513 |
| Total expenses and disbursements | $9,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $74,361 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $74,361 |
| Accounts payable and accrued expenses | $1,390 |
| 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 | $1,390 |
Grants Awarded
Over the last fiscal year, Bernice M Rise Testamentary Trust has awarded $5,513 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LUTHER COLLEGE PURPOSE: JACOB A & SARAH RONBERG | $2,756 |
VESTERHEIM NORWEGIAN AMERICAN MUSEUM PURPOSE: JACOB A & SARAH RONBERG | $2,757 |