Theodore G Huisinga Charitable Foundation
- Assets
- $589.5k
- Revenue
- $579.8k
- Investments
- $504.0k
- Employees
- 0
- Location
- Willmar, MN
- Founding
- 08/1989
- Data as of
- 12/2023
- EIN
- 41-1639703
Organization Overview
Theodore G Huisinga Charitable Foundation is located in Willmar, MN. The organization was established in 1989. 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. Theodore G Huisinga Charitable 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 12/2023, Theodore G Huisinga Charitable Foundation generated $579.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 56.4% each year . All expenses for the organization totaled $745.9k during the year ending 12/2023. While expenses have increased by 21.8% per year over the past 5 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.
Since 2020, Theodore G Huisinga Charitable Foundation has awarded 28 individual grants totaling $2,481,561. 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 |
|---|---|---|---|
Audrey Huisinga Trustee | 0 | $0 | |
Richard Huisinga Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $523,750 |
| Interest on Savings | $40,320 |
| Dividends & Interest | $15,748 |
| 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 | $579,818 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $244 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65 |
| Total operating and administrative expenses | $999 |
| Contributions, gifts, grants paid | $744,900 |
| Total expenses and disbursements | $745,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,959 |
| Savings and temporary cash investments | $53,555 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $589,514 |
| 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, Theodore G Huisinga Charitable Foundation has awarded $744,900 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CANVAS CHURCH MANKATO PURPOSE: GENERAL | $12,000 |
CRU PURPOSE: GENERAL | $6,200 |
LARRY LUNDSTROM MINISTRIES PURPOSE: GENERAL | $12,000 |
OASIS WORLD MINISTRIES PURPOSE: GENERAL | $500,000 |
SHINE MINISTRIES PURPOSE: GENERAL | $75,000 |
WEST CENTRAL YOUTH FOR CHRIST PURPOSE: GENERAL | $7,200 |