James F Bell Testamentary Trust For The Benefit Of University Of Minn
- Assets
- $1.9m
- Revenue
- $341.3k
- Investments
- $1.8m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 08/1964
- Data as of
- 12/2021
- EIN
- 41-6039114
Organization Overview
James F Bell Testamentary Trust For The Benefit Of University Of Minn is located in Minneapolis, MN. The organization was established in 1964. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. James F Bell Testamentary Trust For The Benefit Of University Of Minn 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, James F Bell Testamentary Trust For The Benefit Of University Of Minn generated $341.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $455.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Bell Trustee | 1 | $0 | |
Ford W Bell Trustee | 9 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $78,816 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $262,501 |
| Capital Gain Net Income | $262,501 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $341,317 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,123 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $62,893 |
| Total operating and administrative expenses | $72,857 |
| Contributions, gifts, grants paid | $382,633 |
| Total expenses and disbursements | $455,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87 |
| Savings and temporary cash investments | $50,849 |
| 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 | $1,857,386 |
| 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, James F Bell Testamentary Trust For The Benefit Of University Of Minn has awarded $382,633 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MINNESOTA FOUNDATION PURPOSE: JAMES FORD BELL LIBRARY | $324,633 |
REGENTS OF THE UNIVERSITY OF MINNESOTA PURPOSE: JAMES FORD BELL LIBRARY | $20,456 |
REGENTS OF THE UNIVERSITY OF MINNESOTA PURPOSE: JAMES FORD BELL LIBRARY | $18,596 |
REGENTS OF THE UNIVERSITY OF MINNESOTA PURPOSE: JAMES FORD BELL LIBRARY | $13,948 |
THE ASSOCIATES OF THE JAMES FORD BELL LIBRARY PURPOSE: UNRESTRICTED GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Und Aerospace Foundation Grand Forks, ND | $87,259,673 | $35,764,126 |
South Dakota State University Foundation Brookings, SD | $287,960,105 | $54,798,337 |
Und Alumni Association And Foundation Grand Forks, ND | $413,170,247 | $55,226,015 |
North Dakota State University Foundation Fargo, ND | $450,450,295 | $29,663,255 |
Northern State University Foundation Aberdeen, SD | $84,974,607 | $23,577,331 |
University Of South Dakota Foundation Vermillion, SD | $352,818,128 | $49,591,248 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |