Right Hand Charitable Tr
- Assets
- $1.1m
- Revenue
- $299.4k
- Investments
- $1.1m
- Employees
- 0
- Location
- Wayzata, MN
- Founding
- 07/2015
- Data as of
- 12/2023
- EIN
- 32-6369931
Organization Overview
Right Hand Charitable Tr is located in Wayzata, MN. The organization was established in 2015. 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. Right Hand Charitable Tr 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 12/2023, Right Hand Charitable Tr generated $299.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 39.1% each year . All expenses for the organization totaled $122.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Right Hand Charitable Tr has awarded 34 individual grants totaling $790,000. 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 |
|---|---|---|---|
Joseph Bergquist Co-Trustee | 1 | $0 | |
Casey Bergquist Co-Trustee | 1 | $0 | |
Robert Mcleod Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $43,662 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,705 |
| Capital Gain Net Income | $6,977 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25 |
| Total Revenue | $299,392 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $717 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9 |
| Total operating and administrative expenses | $17,863 |
| Contributions, gifts, grants paid | $105,000 |
| Total expenses and disbursements | $122,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$902 |
| Savings and temporary cash investments | $10,918 |
| 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 | $894,448 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,094,036 |
| 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, Right Hand Charitable Tr has awarded $105,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
NEIGHBORHOOD HOUSE PURPOSE: GENERAL SUPPORT | $10,000 |
CHURCH OF ST THERESE PURPOSE: GENERAL SUPPORT | $10,000 |
DEER CREEK COMMUNITY SERVICES PURPOSE: DISCOVERY MINISTRY | $20,000 |
FISH OF SANIBEL PURPOSE: FOOD DISTRIBUTION CENTER | $20,000 |
HIGHER TREK PURPOSE: GENERAL SUPPORT | $10,000 |
SAND LAKE NORTHWOODS CHAPEL PURPOSE: GENERAL SUPPORT | $10,000 |