Robert E Roberts Charitable Remainder Annuity Trust
- Assets
- $412.7k
- Revenue
- $45.2k
- Investments
- $401.2k
- Employees
- 0
- Location
- Devils Lake, ND
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 45-0461184
Organization Overview
Robert E Roberts Charitable Remainder Annuity Trust is located in Devils Lake, ND. The organization was established in 0000. 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.
For the year ending 12/2021, Robert E Roberts Charitable Remainder Annuity Trust generated $45.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $35.4k during the year ending 12/2021. While expenses have increased by 2.2% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTE INCOME TO AREA COLLEGES AND DIOCESE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,174 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,033 |
| Capital Gain Net Income | $34,033 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,207 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,413 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $380 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,737 |
| Contributions, gifts, grants paid | $27,654 |
| Total expenses and disbursements | $35,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,125 |
| Net Accounts receivable | $408 |
| 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 | $412,741 |
| 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, Robert E Roberts Charitable Remainder Annuity Trust has awarded $27,654 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Devils Lake, ND PURPOSE: GENERAL GRANT | $6,914 |
UNIVERSITY OF NORTH DAKOTA FOUNDATION PURPOSE: GENERAL GRANT | $6,914 |
Fargo, ND PURPOSE: GENERAL GRANT | $6,913 |
NDSU DEVELOPMENT FOUNDATION PURPOSE: GENERAL GRANT | $6,913 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodbourne Charitable Trust Plymouth, MN | $1,142,964 | $10,020,932 |
James M Stanton Foundation Bloomington, MN | $29,105,685 | $38,323,984 |
Cokato Charitable Trust Cokato, MN | $9,103,416 | $8,785,306 |
Jay And Rose Phillips Family Foundation Of Minnesota Minneapolis, MN | $65,545,808 | $6,097,586 |
Ciresi Walburn Foundation For Children Minneapolis, MN | $31,215,919 | $1,296,068 |
Conrad Heskin Charitable Trust Grand Forks, ND | $0 | $281,368 |
Olseth Foundation Minnetonka, MN | $21,271,180 | $1,153,317 |
Vc Medical Endowment Tr Sioux Falls, SD | $16,574,486 | $1,476,836 |
Donald W & Margaret M Anderson Foundation Long Lake, MN | $17,911,362 | $1,579,811 |
Nehring Family Nice Foundation Sioux Falls, SD | $4,939,586 | $4,091,641 |
Patch Foundation Minneapolis, MN | $5,415,758 | $254,327 |
The Harry Kay Charitable Foundation Minneapolis, MN | $26,507,095 | $2,030,305 |