Trustone Financial Foundation
- Assets
- $889.7k
- Revenue
- $108.0k
- Investments
- $353.4k
- Employees
- 0
- Location
- Plymouth, MN
- Founding
- 03/2010
- Data as of
- 12/2022
- EIN
- 30-0560908
Organization Overview
Trustone Financial Foundation is located in Plymouth, MN. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trustone Financial 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, Trustone Financial Foundation generated $108.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $191.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Trustone Financial Foundation has awarded 122 individual grants totaling $434,784. 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 |
|---|---|---|---|
Samuel Stern Chairman | 0 | $0 | |
Willie Robinson Director | 0 | $0 | |
Steve Steen Director | 0 | $0 | |
Stephen Bohlig Director | 0 | $0 | |
Daniel Zaczkowski Director/treasurer | 0 | $0 | |
Karen Greisinger Director/secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $98,596 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,431 |
| 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 | $0 |
| Total Revenue | $108,027 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $98 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,302 |
| Total operating and administrative expenses | $15,758 |
| Contributions, gifts, grants paid | $175,994 |
| Total expenses and disbursements | $191,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,317 |
| Savings and temporary cash investments | $534,949 |
| 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 | $353,404 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $889,670 |
| 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, Trustone Financial Foundation has awarded $175,994 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
360 COMMUNITIES PURPOSE: GENERAL SUPPORT | $10,000 |
AWESOME YOUNG AUTHORS AWARDS & COMMUNITY PURPOSE: GENERAL SUPPORT | $1,000 |
AMERICAN CANCER SOCIETY INC PURPOSE: GENERAL SUPPORT | $1,322 |
BOLDER OPTIONS PURPOSE: GENERAL SUPPORT | $10,000 |
CHILDREN'S HOSPITAL PURPOSE: GENERAL SUPPORT | $2,500 |
CASES INSTITUTE - AIDING UKRAINE PURPOSE: GENERAL SUPPORT | $9,000 |