Frank A Wenstrom And M Esther Wenstrom Foundation
- Assets
- $465.1k
- Revenue
- $50.5k
- Investments
- $465.1k
- Employees
- 0
- Location
- Williston, ND
- Founding
- 11/1997
- Data as of
- 09/2024
- EIN
- 45-0447357
Organization Overview
Frank A Wenstrom And M Esther Wenstrom Foundation is located in Williston, ND. The organization was established in 1997. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations 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. Frank A Wenstrom And M Esther Wenstrom 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 09/2024, Frank A Wenstrom And M Esther Wenstrom Foundation generated $50.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $25.4k during the year ending 09/2024. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 5 years. 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 |
|---|---|---|---|
Marilyn Mcginley Advisory Committee | 1 | $0 | |
John Macmaster Advisory Committee | 1 | $0 | |
Nancy Hoffelt Advisory Committee | 1 | $0 | |
American State Bank Trust Co Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,372 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,158 |
| Capital Gain Net Income | $38,158 |
| Net ST Capital Gain | $0 |
| Income Modifications | $1,250 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,530 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,486 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,886 |
| Contributions, gifts, grants paid | $18,500 |
| Total expenses and disbursements | $25,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $465,055 |
| 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, Frank A Wenstrom And M Esther Wenstrom Foundation has awarded $18,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ERIK BRISTOW PURPOSE: SCHOLARSHIP | $1,000 |
GRACE VANNATTA PURPOSE: SCHOLARSHIP | $1,000 |
HAILEY SORENSON PURPOSE: INDIVIDUAL | $1,000 |
LANDEN SNELLINGS PURPOSE: SCHOLARSHIP | $1,000 |
MARLEE JORGENSON PURPOSE: SCHOLARHIP | $1,000 |
MYAH TOFTE PURPOSE: SCHOLARSHIP | $1,000 |