Loren Fimian Charitable Tr
- Assets
- $3.9m
- Revenue
- $235.3k
- Investments
- $3.7m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 04/2015
- Data as of
- 12/2022
- EIN
- 46-6772483
Organization Overview
Loren Fimian Charitable Tr is located in Minneapolis, MN. The organization was established in 2015. 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. Loren Fimian Charitable Tr 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 12/2022, Loren Fimian Charitable Tr generated $235.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $253.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Loren Fimian Charitable Tr has awarded 28 individual grants totaling $687,701. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $126,061 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $109,282 |
| Capital Gain Net Income | $109,282 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $235,343 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,318 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,075 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16 |
| Total operating and administrative expenses | $83,314 |
| Contributions, gifts, grants paid | $170,402 |
| Total expenses and disbursements | $253,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,859 |
| 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 | $3,716,911 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,858,770 |
| 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, Loren Fimian Charitable Tr has awarded $170,402 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY INC PURPOSE: GENERAL | $1,227 |
UNITED CHURCH OF CHRIST PARISH PURPOSE: GENERAL | $1,227 |
BILLY GRAHAM EVANGELISTIC ASSOC PURPOSE: GENERAL | $99,213 |
SALVATION ARMY EASTERN PURPOSE: GENERAL | $49,103 |
RONALD MCDONALD HOUSE PURPOSE: GENERAL | $6,135 |
GIDEONS INTERNATIONAL PURPOSE: GENERAL | $1,227 |