Trust Inc
- Assets
- $223.5k
- Revenue
- $515.1k
- Investments
- $0.0
- Employees
- 8
- Location
- Minneapolis, MN
- Founding
- 11/1974
- Data as of
- 12/2022
- EIN
- 41-0965940
Organization Overview
Trust Inc is located in Minneapolis, MN. The organization was established in 1974. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Trust Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2022, Trust Inc generated $515.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $407.1k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SERVICES FOR RESIDENTS IN AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST MEALS ON WHEELS PROGRAM DELIVERS HOT, NUTRITIOUS MEALS TO HOMEBOUND SENIORS AND OTHERS WHO QUALIFY FIVE DAYS A WEEK. THE PROGRAM CONTINUED TO DELIVER HOT MEALS AND FROZEN OPTIONS FOR THOSE WHO PREFER. LAST YEAR 100 VOLUNTEERS DELIVERED 30,350 MEALS TO 199 PEOPLE WITHIN TRUST'S SERVICE AREA. THAT EQUATED TO 2,130 TOTAL VOLUNTEER HOURS.
THE TRUST CHORE PROGRAM PROVIDES HOME SERVICES TO SENIORS AND THOSE LIVING WITH A DISABILITY AT A LOWER COST RATE. OVERSEEN BY PROGRAM COORDINATOR, 11 CHORE WORKERS AND VOLUNTEERS PROVIDE HOUSE CLEANING, SNOW REMOVAL, YARDWORK, AND MINOR HOME REPAIRS. THESE SERVICES MAKE IT POSSIBLE FOR PARTICIPANTS TO CONTINUE LIVING SAFELY IN THEIR OWN HOME. THE PROGRAM SERVED 76 PARTICIPANTS LIVING IN SOUTH MINNEAPOLIS DURING 2022.
THE TRUST INC TRANSPORTATION SERVICES PROGRAM PROVIDED ASSISTED RIDES FOR CLIENTS 55+ AND THOSE WITH DISABILITIES. THE PROGRAM PROVIDES RIDES TO GROCERY STORES AND ERRANDS TO LOCAL BUSINESSES, BANKS, CLINICS AND POST OFFICES. WE ALSO PROVIDE TRANSPORTATION TO OUR COMMUNITY INITIATIVES INCLUDING MONTHLY SUNDAY SUPPER, MUSIC PROGRAMS, FLU SHOT CLINICS AND COMMUNITY EVENTS. THOUGH THIS SERVICE, OUR CLIENTS CAN CONTINUE TO LIVE INDEPENDENTLY. OUR PROGRAM SERVICE AREA DOUBLED IN 2022, AS A RESULT OF DIRECTIVE OF THE DEPARTMENT OF HUMAN SERVICES TO EXPAND INTO UNDERSERVED NEIGHBORHOODS IN SOUTH AND SOUTHEAST MINNEAPOLIS. OUR 2022 STAFF HAS INCREASED TO FOUR PART-TIME DRIVERS WHO WORKED A TOTAL OF 1040 HOURS AND THREE VOLUNTEER DRIVERS WHO WORK A TOTAL OF 350 HOURS.
THE YEAR 2022, WAS ONE OF RENEWED SERVICES FOR OUR AGENCY AS THE WORLD BEGAN TO EMERGE INTO COMMUNITY SPACE AT THIS POINT IN THE PANDEMIC. MANY OF OUR PROGRAM PARTICIPANTS MOBILITY CHANGED DURING PANDEMIC, REQUIRING THE NEED FOR ADDITIONAL SERVICES TO HELP THEM MAINTAIN INDEPENDENT LIVING. WITH THE INCREASE OF SERVICE AREA AS DIRECTED BY THE DEPARTMENT OF HUMAN SERVICES TO INCLUDE ALL OF SOUTH MINNEAPOLIS FROM FRANKLIN AVENUE SOUTHWARD, AND THE INCREASE OF AGING ADULTS, OUR PROGRAMS AND SERVICES CONTINUES TO EXPAND REQUIRING ADDITIONAL STAFF HOURS, CONTRACT WORKERS AND VOLUNTEERS. TRUST INC NOT ONLY SURVIVED BUT CONTINUED TO THRIVE AS A VALUABLE RESOURCE IN SOUTH MINNEAPOLIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Huttner-Weibel Executive Di | Officer | 40 | $74,309 |
Mary Corlett President | OfficerTrustee | 2 | $0 |
John Pedersen Vice Preside | OfficerTrustee | 2 | $0 |
Tom Erickson Secretary | OfficerTrustee | 2 | $0 |
Craig Freeman Treasurer | OfficerTrustee | 2 | $0 |
Jim Ten Bensel Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,189 |
| Related organizations | $0 |
| Government grants | $108,472 |
| All other contributions, gifts, grants, and similar amounts not included above | $172,124 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $286,785 |
| Total Program Service Revenue | $231,732 |
| Investment income | $56 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,486 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $515,087 |
| 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. | $74,309 |
| Compensation of current officers, directors, key employees. | $18,577 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,844 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,082 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $378 |
| Office expenses | $26,392 |
| Information technology | $3,412 |
| Royalties | $0 |
| Occupancy | $2,103 |
| Travel | $3,066 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,750 |
| Insurance | $12,947 |
| All other expenses | $0 |
| Total functional expenses | $407,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,157 |
| Savings and temporary cash investments | $40,035 |
| Pledges and grants receivable | $14,000 |
| Accounts receivable, net | $37,093 |
| 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 | $0 |
| Net Land, buildings, and equipment | $52,239 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $223,524 |
| Accounts payable and accrued expenses | $9,985 |
| 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 | $9,985 |
| Net assets without donor restrictions | $213,539 |
| Net assets with donor restrictions | $0 |
| 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 | $223,524 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Trust Inc has recieved totaling $26,527.
| Awarding Organization | Amount |
|---|---|
Metro Meals On Wheels Inc Minneapolis, MN PURPOSE: Winter/Flyer disbursement, hunger walk and member payment. | $11,985 |
Frontstream Global Fund Alexandria, VA PURPOSE: Use by the organization's general fund | $8,003 |
Catholic Community Foundation Of Minnesota St Paul, MN PURPOSE: PROGRAM SUPPORT | $6,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $39 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Industries Of North Central Wisc Inc Menasha, WI | $88,771,633 | $81,283,932 |
Catholic Charities Of The Archdiocese Of St Paul & Mpls St Paul, MN | $180,924,652 | $74,331,650 |
Hawkeye Area Community Action Program Inc Hiawatha, IA | $14,892,193 | $63,434,127 |
Community Advocates Inc Milwaukee, WI | $18,692,383 | $54,333,478 |
Lutheran Social Services Of Wisconsin And Upper Michigan West Allis, WI | $89,212,422 | $59,977,625 |
South Metro Human Services St Paul, MN | $24,939,611 | $41,757,961 |
Parents In Community Action Minneapolis, MN | $14,134,015 | $37,230,373 |
Innovative Services Inc Green Bay, WI | $4,761,789 | $25,201,501 |
Lutheran Social Services Of South Dakota Sioux Falls, SD | $22,221,819 | $25,937,236 |
Project For Pride In Living Inc Minneapolis, MN | $29,922,760 | $30,071,909 |
Inter-Lakes Community Action Partnership Inc Madison, SD | $10,023,464 | $21,798,461 |
Catholic Charities Of The Diocese Of St Cloud St Cloud, MN | $15,523,133 | $20,074,695 |