Edgar W Freeman Charitable Trust 17174 W-555 First Natl Bank Bldg
- Assets
- $6.5m
- Revenue
- $319.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Yankton, SD
- Founding
- 02/1980
- Data as of
- 12/2022
- EIN
- 41-6225766
Organization Overview
Edgar W Freeman Charitable Trust 17174 W-555 First Natl Bank Bldg is located in Yankton, SD. The organization was established in 1980. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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. Edgar W Freeman Charitable Trust 17174 W-555 First Natl Bank Bldg 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, Edgar W Freeman Charitable Trust 17174 W-555 First Natl Bank Bldg generated $319.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $318.6k during the year ending 12/2022. While expenses have increased by 2.8% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ON JANUARY 2ND 1980, EDGAR W. FREEMAN ESTABLISHED A CHARITABLE TRUST. THE TRUST WAS ORGANIZED EXCLUSIVELY TO MAKE DISTRIBUTIONS TO SUPPORT OR MAINTAIN PROFESSORSHIPS AT THE UNIVERSITY OF SOUTH DAKOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON JANUARY 2ND, 1980, EDGAR W. FREEMAN ESTABLISHED A CHARITABLE TRUST. ONE SEGMENT OF THE TRUST IS DESIGNATED TO SUPPORT OR MAINTAIN BUSINESS SCHOOL PROFESSORSHIPS AT THE UNIVERSITY OF SOUTH DAKOTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
First Dakota National Bank Trustee | 1.5 | $37,400 | |
John Dudley Trustee | Trustee | 1 | $0 |
Sheila Gestring Trustee | Trustee | 1 | $0 |
Tim Ridgway Trustee | Trustee | 1 | $0 |
Mark Yockey Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $144,565 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $175,041 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $319,606 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $275,280 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $37,400 |
| Compensation of current officers, directors, key employees. | $18,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,527 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,440 |
| Total functional expenses | $318,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,265 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,483,469 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,509,734 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $3,790,763 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,718,971 |
| Total liabilities and net assets/fund balances | $6,509,734 |
Grants Awarded
Over the last fiscal year, Edgar W Freeman Charitable Trust 17174 W-555 First Natl Bank Bldg has awarded $221,859 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF SOUTH DAKOTA BUS SCHUNIVERSITY OF SOUTH DAKOTA PURPOSE: FUNDING SUPPORT | $92,881 |
UNIVERSITY OF SOUTH DAKOTA MED SCHUNIVERSITY OF SOUTH DAKOTA PURPOSE: FUNDING SUPPORT | $91,450 |
UNIVERSITY OF SOUTH DAKOTA PHY DEPUNIVERSITY OF SOUTH DAKOTA PURPOSE: FUNDING SUPPORT | $37,528 |