Helen R Ernst Charitable Trust
- Assets
- $88.5k
- Revenue
- $9.1k
- Investments
- $78.6k
- Employees
- 0
- Location
- Devils Lake, ND
- Founding
- 09/1979
- Data as of
- 06/2024
- EIN
- 45-6050423
Organization Overview
Helen R Ernst Charitable Trust is located in Devils Lake, ND. The organization was established in 1979. 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. Helen R Ernst Charitable 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 06/2024, Helen R Ernst Charitable Trust generated $9.1k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $11.2k during the year ending 06/2024. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE COLLEGE SCHOLARSHIPS TO NATIVE AMERICANS FROM THE FORT TOTTEN SPIRIT LAKE NATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candace Bergstrom Director | 0.1 | $25 | |
1st United Bank Trustee | 1 | $1,376 | |
Lori Brown Director | 0.1 | $25 | |
Kathy Martin Director | 0.1 | $25 | |
Dixie Omen Director | 0.1 | $25 | |
Penny Yankton Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,845 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,302 |
| Capital Gain Net Income | $5,302 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,147 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,501 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $60 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1 |
| Total operating and administrative expenses | $3,738 |
| Contributions, gifts, grants paid | $7,432 |
| Total expenses and disbursements | $11,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,585 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $291 |
| 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 | $88,494 |
| 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, Helen R Ernst Charitable Trust has awarded $7,432 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CANKDESKA CIKANA COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $3,353 |
UNITED TRIBES TECHNICAL COLEGE PURPOSE: SCHOLARSHIPS | $3,162 |
UNIVERSITY OF NORTH DAKOTA PURPOSE: SCHOLARSHIPS | $375 |
BISMARCK STATE COLLEGE PURPOSE: SCHOLARSHIPS | $542 |