Adolph Thorson Charitable Remainder Annuity Trust
- Assets
- $613.7k
- Revenue
- $57.1k
- Investments
- $595.9k
- Employees
- 0
- Location
- Devils Lake, ND
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 90-1137292
Organization Overview
Adolph Thorson Charitable Remainder Annuity Trust is located in Devils Lake, ND. The organization was established in 0000.
For the year ending 12/2021, Adolph Thorson Charitable Remainder Annuity Trust generated $57.1k in total revenue. All expenses for the organization totaled $40.7k during the year ending 12/2021. While expenses have increased by 46.5% 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
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,528 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,580 |
| Capital Gain Net Income | $43,580 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $57,108 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,425 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $374 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,237 |
| Contributions, gifts, grants paid | $33,432 |
| Total expenses and disbursements | $40,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,271 |
| Net Accounts receivable | $499 |
| 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 | $613,654 |
| 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, Adolph Thorson Charitable Remainder Annuity Trust has awarded $33,432 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CONCORDIA COLLEGE PURPOSE: GENERAL GRANT | $16,716 |
Grand Forks, ND PURPOSE: GENERAL GRANT | $16,716 |
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