Arthur H Pearson Testamentery Charitable Remainder Untrust
- Assets
- $7.2m
- Revenue
- $365.2k
- Investments
- $7.0m
- Employees
- 0
- Location
- Westhope, ND
- Founding
- Data as of
- 12/2017
- EIN
- 45-0451872
Organization Overview
Arthur H Pearson Testamentery Charitable Remainder Untrust is located in Westhope, ND.
For the year ending 12/2017, Arthur H Pearson Testamentery Charitable Remainder Untrust generated $365.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (18.0%) each year. All expenses for the organization totaled $481.6k during the year ending 12/2017. 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 |
|---|---|---|---|
Margo Helgerson Trust Committee Member | 20 | $50,400 | |
Don Clement Trust Committee Member | 3 | $0 | |
John Skowronik Trust Committee Member | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,677 |
| Dividends & Interest | $158,395 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $194,155 |
| Capital Gain Net Income | $194,155 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21 |
| Total Revenue | $365,248 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,883 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $63,636 |
| Total operating and administrative expenses | $126,978 |
| Contributions, gifts, grants paid | $354,580 |
| Total expenses and disbursements | $481,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,309 |
| Savings and temporary cash investments | $104,170 |
| 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 | $106,167 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,152,499 |
| 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, Arthur H Pearson Testamentery Charitable Remainder Untrust has awarded $354,580 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GOOD SAMARITAN SOCIETY PURPOSE: OPERATING GRANT | $159,561 |
MOHALL SCHOOL FOUNDATION PURPOSE: OPERATING GRANT | $159,561 |
SALVATION ARMY PURPOSE: OPERATING GRANT | $35,458 |