Harlan R Thurston Foundation
- Assets
- $639.6k
- Revenue
- $3.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Anoka, MN
- Founding
- 02/1965
- Data as of
- 12/2022
- EIN
- 41-6043390
Organization Overview
Harlan R Thurston Foundation is located in Anoka, MN. The organization was established in 1965. 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. Harlan R Thurston 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 12/2022, Harlan R Thurston Foundation generated $3.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $63.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING LOW INTEREST LOANS FOR EDUCATIONAL PURPOSES TO COLLEGE STUDENTS (58 LOANS OUTSTANDING AT 12/31/2022 TOTALING $144,387) WHO ARE GRADUATES OF ANOKA INDEPENDENT SCHOOL DISTRICT #11.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Roger Giroux President | 1 | $0 | |
Jeffrey Mcgonigal Director | 0.25 | $0 | |
Bill Merritt Treasurer | 0.25 | $0 | |
Tom Fischer Director | 0.25 | $0 | |
Paul Tender Vice President | 0.25 | $0 | |
Shelly Martin Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,041 |
| Dividends & Interest | $404 |
| 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 | $3,445 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $33,367 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,641 |
| Depreciation | $0 |
| Occupancy | $6,050 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,991 |
| Total operating and administrative expenses | $53,934 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $63,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,711 |
| Savings and temporary cash investments | $236,460 |
| 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 | $144,387 |
| 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 | $639,558 |
| 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, Harlan R Thurston Foundation has awarded $10,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ANDOVER HIGH SCHOOL PURPOSE: SCHOLARSHIP | $2,000 |
ANOKA HIGH SCHOOL PURPOSE: SCHOLARSHIP | $2,000 |
BLAINE HIGH SCHOOL PURPOSE: SCHOLARSHIP | $2,000 |
CHAMPLIN PARK HIGH SCHOOL PURPOSE: SCHOLARSHIP | $2,000 |
COON RAPIDS HIGH SCHOOL PURPOSE: SCHOLARSHIP | $2,000 |