Henry Elm Trust
- Assets
- $1.1m
- Revenue
- $172.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Sidney, MT
- Founding
- 05/1964
- Data as of
- 12/2021
- EIN
- 23-7418092
Organization Overview
Henry Elm Trust is located in Sidney, MT. The organization was established in 1964. 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. Henry Elm 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 12/2021, Henry Elm Trust generated $172.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $191.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Henry Elm Trust has awarded 159 individual grants totaling $894,479. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP AWARDS TO OUTSTANDING HIGH SCHOOL GRADUATES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wade Whiteman Co-Trustee | 0 | $0 | |
JD Mulkey Co-Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,030 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $160,468 |
| Total Revenue | $172,498 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $45,817 |
| Depreciation | $20,754 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $567 |
| Total operating and administrative expenses | $73,939 |
| Contributions, gifts, grants paid | $117,634 |
| Total expenses and disbursements | $191,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,324 |
| Savings and temporary cash investments | $1,025,784 |
| 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 | $0 |
| Net Land, buildings, and equipment | $12,763 |
| Other assets | $0 |
| Total assets | $1,136,871 |
| 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, Henry Elm Trust has awarded $117,634 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
CARLEE STRASHEIM PURPOSE: SCHOLARSHIP | $14,403 |
SETH PREVOST PURPOSE: SCHOLARSHIP | $11,006 |
SODA RICE PURPOSE: SCHOLARSHIP | $8,597 |
JENNA BAXTER PURPOSE: SCHOLARSHIP | $7,315 |
XIMENA ROSAS PURPOSE: SCHOLARSHIP | $7,239 |
ETHAN PETRIK PURPOSE: SCHOLARSHIP | $6,759 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holland M Ware Charitable Foundation Eagle, ID | $219,618,856 | $24,900,954 |
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Larson Foundation Sioux Falls, SD | $23,259,212 | -$633,184 |
John T Vucurevich Foundation Rapid City, SD | $151,565,692 | $20,798,188 |
Greg Carr Foundation Inc Idaho Falls, ID | $40,032,587 | $6,894,106 |
Rob and Terry Ryan Foundation (MONTANA) INC Hamilton, MT | $0 | $1,856,642 |
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 |
Allen Wyoming Foundation Inc Cody, WY | $22,700,817 | $3,733,473 |
Mcm Foundation Inc Boise, ID | $0 | $21,729 |
Cross Charitable Foundation Inc Bozeman, MT | $59,251,378 | $4,939,274 |
Tykeson Fam Charitable Tr Ovando, MT | $84,261,165 | $6,505,228 |