Alva J Field Memorial Trust
- Assets
- $16.4m
- Revenue
- $2.4m
- Investments
- $15.4m
- Employees
- 0
- Location
- Williston, ND
- Founding
- 09/1977
- Data as of
- 06/2022
- EIN
- 45-6010789
Organization Overview
Alva J Field Memorial Trust is located in Williston, ND. The organization was established in 1977. 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. Alva J Field Memorial Trust 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 06/2022, Alva J Field Memorial Trust generated $2.4m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 8.8% per year over the past 2 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.
Since 2021, Alva J Field Memorial Trust has awarded 476 individual grants totaling $1,722,498. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Hanson Trustee | 3.75 | $6,500 | |
Beau Anderson Trustee | 0.01 | $300 | |
Jeffrey Thake Trustee | 0.01 | $0 | |
Brent Lysne Trustee | 0.01 | $0 | |
F Dan Baker Trustee | 5 | $0 | |
Michael Campbell Trustee | 0.01 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $193 |
| Dividends & Interest | $1,107,232 |
| Net Rental Income | $16,917 |
| Net Gain on Sale of Assets | $411,343 |
| Capital Gain Net Income | $411,343 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $876,758 |
| Total Revenue | $2,415,371 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $44,810 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,937 |
| Printing and publications | $0 |
| Other expenses | $320 |
| Total operating and administrative expenses | $344,902 |
| Contributions, gifts, grants paid | $935,150 |
| Total expenses and disbursements | $1,280,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $363,005 |
| 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 | $629,317 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $62,260 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,410,094 |
| 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, Alva J Field Memorial Trust has awarded $935,150 in support to 233 organizations.
| Grant Recipient | Amount |
|---|---|
ABUHL BREMEN JAMESTOWN PURPOSE: INDIVIDUAL SCHOLARSHIP | $7,087 |
ABERLE BRADY PURPOSE: INDIVIDUAL SCHOLARSHIP | $2,000 |
ADAMSON JULIA PURPOSE: INDIVIDUAL SCHOLARSHIP | $7,550 |
ALEXANDROU ANGELIKI PURPOSE: INDIVIDUAL SCHOLARSHIP | $1,000 |
ABUHL OLIVIA - MIDWESTERN PURPOSE: INDIVIDUAL SCHOLARSHIP | $7,087 |
ALLARD BRITTNY A PURPOSE: INDIVIDUAL SCHOLARSHIP | $3,000 |