Otto Bremer Trust
- Assets
- $1.5b
- Revenue
- $83.7m
- Investments
- $1.4b
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 08/1949
- Data as of
- 12/2023
- EIN
- 41-6019050
Organization Overview
Otto Bremer Trust is located in St Paul, MN. The organization was established in 1949. 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. Otto Bremer Trust 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, Otto Bremer Trust generated $83.7m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $122.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Otto Bremer Trust has awarded 5,159 individual grants totaling $365,501,447. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlotte Johnson Co-Ceo/trustee | 40 | $658,790 | |
Francis Miley Co-Ceo/trustee | 40 | $485,819 | |
Daniel Reardon Co-Ceo/trustee | 40 | $663,032 | |
Kari Suzuki Director Of Operatio | 40 | $247,509 | |
Lue Her Regional Director | 40 | $241,349 | |
Anthony Thompson Controller | 40 | $204,532 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dorsey & Whitney Llp | 12/30/23 | $748,452 |
Ciresi Conlin Llp | 12/30/23 | $561,980 |
Stinson Llp | 12/30/23 | $486,689 |
Ernst & Young Llp | 12/30/23 | $340,883 |
Sullivan & Cromwell Llp | 12/30/23 | $301,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,175,918 |
| Dividends & Interest | $73,314,533 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $833,393 |
| Capital Gain Net Income | $731,754 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,355,339 |
| Total Revenue | $83,679,183 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,819,246 |
| Other employee salaries and wages | $2,129,649 |
| Pension plans, employee benefits | $686,612 |
| Interest | $0 |
| Taxes | $1,045,813 |
| Depreciation | $310,191 |
| Occupancy | $491,547 |
| Travel, conferences, and meetings | $84,175 |
| Printing and publications | $52,145 |
| Other expenses | $721,457 |
| Total operating and administrative expenses | $10,897,809 |
| Contributions, gifts, grants paid | $111,935,988 |
| Total expenses and disbursements | $122,833,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $653,362 |
| Savings and temporary cash investments | $35,254,537 |
| 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 | $480,614 |
| Net Investments - land, buildings, equipment | $988,693 |
| Investments—mortgage loans | $0 |
| Investments—other | $618,655 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $789,764 |
| Total assets | $1,477,747,505 |
| Accounts payable and accrued expenses | $367,027 |
| Grants payable | $12,461,000 |
| 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 | $12,828,027 |
Grants Awarded
Over the last fiscal year, Otto Bremer Trust has awarded $104,600,988 in support to 1,244 organizations.
| Grant Recipient | Amount |
|---|---|
100 GENERATIONS INC DBA SAFE FAMILIES FOR CHILDREN WISCONSIN PURPOSE: GENERAL OPERATIONS | $55,000 |
180 DEGREES INC PURPOSE: GENERAL OPERATING AND CAPITAL SUPPORT | $100,000 |
30000 FEET PURPOSE: GENERAL OPERATIONS AND CAPACITY BUILDING | $65,000 |
180 DEGREES INC PURPOSE: GENERAL OPERATING SUPPORT | $115,000 |
318 PROJECT PURPOSE: GENERAL OPERATIONS | $50,000 |
826 MSP PURPOSE: GENERAL OPERATIONS | $40,000 |