Adolph Thorson Charitable Remainder Annuity Trust
- Assets
- $593.7k
- Revenue
- $31.1k
- Investments
- $570.2k
- Employees
- 0
- Location
- Devils Lake, ND
- Founding
- 00/0000
- Data as of
- 12/2023
- 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 12/2023, Adolph Thorson Charitable Remainder Annuity Trust generated $31.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $40.0k during the year ending 12/2023. While expenses have increased by 0.9% per year over the past 5 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
2023
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 | $18,120 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,683 |
| Capital Gain Net Income | $12,683 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $342 |
| Total Revenue | $31,145 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,568 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $145 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,398 |
| Contributions, gifts, grants paid | $33,584 |
| Total expenses and disbursements | $39,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,569 |
| Net Accounts receivable | $921 |
| 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 | $593,680 |
| 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 $33,584 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CONCORDIA COLLEGE PURPOSE: GENERAL GRANT | $16,792 |
UND ALUMNI ASSOCATION & FOUNDATION PURPOSE: GENERAL GRANT | $16,792 |