Remnant Trust Inc
- Assets
- $24.9m
- Revenue
- $427.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Indianapolis, IN
- Founding
- 05/1999
- Data as of
- 12/2023
- EIN
- 35-2072847
Organization Overview
Remnant Trust Inc is located in Indianapolis, IN. The organization was established in 1999. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Remnant Trust Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Remnant Trust Inc 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, Remnant Trust Inc generated $427.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $427.5k during the year ending 12/2023. While expenses have increased by 4.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE REMNANT TRUST IS TO ELEVATE EDUCATIONAL STANDARDS & THE PUBLIC'S UNDERSTANDING OF INDIVIDUAL LIBERTY & HUMAN DIGNITY THROUGH THE PRECEDENT SETTING, HANDS ON AVAILABILITY OF THE WORLD'S GREAT IDEAS IN ORIGINAL FORM TO RAISE CONSCIOUSNESS OF THE MOST SIGNIFICANT DOCUMENTS THAT HAVE SHAPED AMERICA: THE GREAT EXPERIMENT TO RAISE THE SPIRITS OF EACH GENERATION TO THINK THE GRANDEST THOUGHTS & BE GUIDED BY THE MOST PROFOUND IDEALISM, IMPLEMENTING EMERSON'S THESIS ON MAN THINKING TO PROVIDE, THROUGH SHARING, THOSE WORKS MOVING GOETHE'S VISION INTO REALITY: TO THINK IS EASY, TO ACT IS HARD, BUT THE HARDEST THING IN THE WORLD IS TO ACT IN ACCORDANCE WITH ONE'S THINKING TO BE THE WORLDS'S FINEST REPOSITORY OF THE GREAT IDEAS THAT HAVE PROPELLED MAN THROUGH THE CENTURIES FROM THE EARTH TO THE STARS TO BE FREE, TO THINK, SPEAK & ACT IN KEEPING WITH THE GREATEST OF ENDURING ASSETS: REASON, WITH JUSTICE FOR ALL GREAT IDEAS BELONG TO EVERYONE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION COLLECTS HISTORICALLY SIGNIFICANT BOOKS, MANUSCRIPTS, AND OTHER ANTIQUITIES, AND DISPLAYS THESE ITEMS FOR THE PUBLIC FREE OF CHARGE IN THEIR FACILITY AND BY LOANING THEM TO EDUCATIONAL INSTITUTIONS FOR STUDY, RESEARCH, AND TEACHING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Talley Chairman/ceo | OfficerTrustee | 4 | $0 |
Julia Hetherington Secretary | OfficerTrustee | 1 | $0 |
Sean Delauter Treasurer | OfficerTrustee | 1 | $0 |
Richard Rechter Director | Trustee | 2 | $0 |
Robert Hardy Director | Trustee | 1 | $0 |
Michael Sonksen Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $385,340 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $385,340 |
| Total Program Service Revenue | $0 |
| Investment income | $41,169 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $427,346 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $92,170 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,725 |
| Payroll taxes | $7,499 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $8,097 |
| Fees for services: Investment Management | $39,801 |
| Fees for services: Other | $95,623 |
| Advertising and promotion | $0 |
| Office expenses | $10,413 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $657 |
| Travel | $60,091 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,584 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,770 |
| All other expenses | $23 |
| Total functional expenses | $427,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,135 |
| Savings and temporary cash investments | $18,701 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,064 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,541,627 |
| Investments—other securities | $0 |
| Investments—program-related | $23,282,475 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,884,002 |
| Accounts payable and accrued expenses | $13,588 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,588 |
| Net assets without donor restrictions | $23,310,086 |
| Net assets with donor restrictions | $1,560,328 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,884,002 |