Edwin W Norberg Char Tr 1st Natl Bk Of Mpls Ttee
- Assets
- $981.9k
- Revenue
- $115.1k
- Investments
- $927.4k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 41-6252255
Organization Overview
Edwin W Norberg Char Tr 1st Natl Bk Of Mpls Ttee is located in Milwaukee, WI. The organization was established in 0000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Edwin W Norberg Char Tr 1st Natl Bk Of Mpls Ttee 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, Edwin W Norberg Char Tr 1st Natl Bk Of Mpls Ttee generated $115.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $70.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Edwin W Norberg Char Tr 1st Natl Bk Of Mpls Ttee has awarded 36 individual grants totaling $151,962. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,821 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $91,272 |
| Capital Gain Net Income | $91,272 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $115,093 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,144 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $590 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $20,259 |
| Contributions, gifts, grants paid | $49,761 |
| Total expenses and disbursements | $70,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,756 |
| Savings and temporary cash investments | $52,501 |
| 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 | $369,020 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $159 |
| Total assets | $981,851 |
| 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, Edwin W Norberg Char Tr 1st Natl Bk Of Mpls Ttee has awarded $49,761 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: GENERAL OPERATING | $9,953 |
AUGSBURG COLLEGE PURPOSE: SCHOLARSHIPS | $4,976 |
Saint Peter, MN PURPOSE: SCHOLARSHIPS | $4,976 |
Northfield, MN PURPOSE: GENERAL | $4,976 |
Chicago, IL PURPOSE: GENERAL OPERATING | $4,976 |
Minneapolis, MN PURPOSE: GENERAL OPERATING | $4,976 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Klaff Family Foundation Chicago, IL | $171,629,374 | $12,167,429 |
The Steve & Amy Van Andel Foundation Grand Rapids, MI | $111,040,892 | $8,504,096 |
Wing Shadow Foundation Ada, MI | $89,908,464 | $23,772,931 |
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |
The Pritzker Pucker Family Foundation Chicago, IL | $63,807,485 | $11,921,924 |
David And Janis Larson Foundation Minneapolis, MN | $131,263,001 | -$404,078 |
Carls Foundation Bloomfield Hills, MI | $120,507,770 | $14,280,001 |
The Jennings Family Foundation Edina, MN | $20,317,059 | $4,027,228 |
Sunshine Charitable Foundation Libertyville, IL | $0 | $4,219,972 |
Tracy Family Foundation Mt Sterling, IL | $19,754,710 | $6,714,098 |
Chicagobeyond Inc Chicago, IL | $1,837,444 | $0 |
The David And Carol Van Andel Family Foundation Grand Rapids, MI | $107,851,670 | $8,218,571 |