NonprofitsFlorence Lake Charitable Trust

Florence Lake Charitable Trust

GRAND FORKS, ND

Total revenue

$156K

Total expenses

$133K

Net assets

$3.0M

Grants received

EIN

456081104

Tax year

2024

Mission

There is no formal Mission Statement. The Last Will and Testament of Florence Lake created this charitable trust. The Will specifically lists the three organizations that are to receive annually one third of the trust income. The Will further states that the Central Institute for the Deaf and the Community College are to use the funds to establish scholarship fund to help students, The Will states that the amounts paid each year must be distributed annually for scholarships. The Devils Lake Foundation is to use the annual payment for qualified charitable purposes and such funds are to be distributed annually. The Trust holds annual meetings. The meetings are attended by members of the supported organizations. These organizations submit an annual report regarding the use of the funds

Programs

2 programs

Support for the Devils Lake Area Foundation

Expenses: $41KGrants: $35K

Support for the Lake Region Community College Foundation of Devils Lake

Expenses: $41KGrants: $35K

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue
Investment income$156K
Other revenue
Total revenue$156K

Expenses

Grants paid$104K
Salaries & benefits$25K
Fundraising
Other expenses$5K
Total expenses$133K
Total assets$3.0M
Net assets$3.0M

People

3 listed

NameRoleCompensation

Alerus Financial

Co-Trustee

Board

$18K

1 hrs/wk

Perter Halbach

Co-Trustee

Board

1 hrs/wk

Maren Halbach

Co-Trustee

Board

1 hrs/wk

Details

EIN456081104
Subsection03
Ruling date1993-10
Formed1993
Employees0
FLORENCE LAKE CHARITABLE TRUST — Mission, Financials & Grants Received | Grantivo