Robert & Helen Remick Charitable Foundation
- Assets
- $9.4m
- Revenue
- $1.6m
- Investments
- $8.3m
- Employees
- 0
- Location
- Lakefield, MN
- Founding
- 11/1999
- Data as of
- 12/2021
- EIN
- 41-1950527
Organization Overview
Robert & Helen Remick Charitable Foundation is located in Lakefield, MN. The organization was established in 1999. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Robert & Helen Remick 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 12/2021, Robert & Helen Remick Charitable Foundation generated $1.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $798.0k during the year ending 12/2021. While expenses have increased by 1.6% per year over the past 4 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, Robert & Helen Remick Charitable Foundation has awarded 54 individual grants totaling $1,074,028. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynel Rae Nelson Trustee | 6 | $18,500 | |
Jean Pike Trustee | 6 | $18,250 | |
Lynne Kessler Trustee | 6 | $16,500 | |
Michael Nesseth Trustee | 6 | $12,750 | |
Howard C Davis Trustee | 6 | $3,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $155,277 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,447,388 |
| Capital Gain Net Income | $1,447,388 |
| Net ST Capital Gain | $150,039 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $625 |
| Total Revenue | $1,603,290 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $69,750 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,884 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,608 |
| Total operating and administrative expenses | $252,365 |
| Contributions, gifts, grants paid | $545,661 |
| Total expenses and disbursements | $798,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50 |
| Savings and temporary cash investments | $1,116,381 |
| 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 | $8,328,443 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $311 |
| Total assets | $9,445,185 |
| 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, Robert & Helen Remick Charitable Foundation has awarded $545,661 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Lakefield, MN PURPOSE: EMPLOYEE-RELATED EXPENSES | $100,000 |
Worthington, MN PURPOSE: YOUTHVICTIM SERVICES | $88,041 |
Windom, MN PURPOSE: COMMUNITY ARTS & RECREATIONAL EVENTS | $75,000 |
Hutchinson, MN PURPOSE: COMMUNITY FOUNDATION | $60,000 |
WESTBROOK WALNUT GROVE SCHOOL PURPOSE: SCHOOL PROGRAMS FURNITURE SUPPLIES SPEAKER ETC | $44,318 |
WINDOM AREA SCHOOLS PURPOSE: SCHOOL PROGRAMS | $40,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sibley Medical Center Arlington, MN | $31,684,088 | $18,300,359 |
Be The Match Foundation Minneapolis, MN | $21,284,478 | $21,167,274 |
The Burke Foundation Inc Milwaukee, WI | $121,362,007 | $6,169,378 |
Stratis Health Minneapolis, MN | $5,273,023 | $5,800,389 |
Saint Therese St Louis Park, MN | $14,478,951 | $6,726,617 |
Vine And Branches Foundation Inc Brookfield, WI | $8,641,827 | $2,521,561 |
Association Of State Floodplain Managers Inc Madison, WI | $3,465,086 | $3,791,524 |
Hope Haven Support Foundation Rock Valley, IA | $16,499,629 | $3,667,660 |
Butler Family Foundation Dubuque, IA | $48,442,192 | $3,565,783 |
The Lifespace Foundation West Des Moines, IA | $10,594,688 | $4,860,714 |
Realty Holdings Inc Of The Quad Cities Community Foundation Bettendorf, IA | $2,330,664 | $13,430 |
Guardian Angels Of Elk River Inc Elk River, MN | $19,468,009 | $4,444,472 |